Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, is proud to supply the materials used in two of the 10 winners at the 48th Annual SPE Automotive Innovation Awards Competition & Gala in suburban Detroit on November 7. It is the oldest and largest competition of its kind in the automotive and plastics industries.
Fiat Chrysler Automobiles (FCA) was honored with the SPE Innovation Award in the “Body Exterior” category for the thermoplastic liftgate on its 2019 Jeep Cherokee. The thermoplastic liftgate replaces the steel design and enables a 28 percent mass reduction in addition to a 50 percent tooling and capital investment savings. Trinseo is pleased to have contributed to this success with its Polypropylene Long Glass Fiber (PP LGF) material DLGF 9411, enabling the molded-in-color grain surface.
“The automotive industry feels now the need for innovative lightweight solutions and modern cost-effective materials more than ever,” said Jim Otis, Trinseo’s commercial director automotive North America. “Our LGF-PP product provides up to 50 percent lighter parts and enables metal replacement.
“We are glad that we could implement this innovative solution in the new Jeep Cherokee, and that the multi-years efforts of our technical team contributed to Fiat Chrysler receiving this prize.”
The other Trinseo partner and SPE Innovation Award winner was Ford, which was distinguished in the “Safety” category for its interlocking mechanism design for side impact on the 2019 Transit Connect van. This patent-pending interlocking mechanism improves door trim performance during side impact by preventing the fracturing or separating of components that could cause sharp edges. It also replaces the need for metal bracket reinforcement solutions, avoiding 3.7 kg in weight per vehicle. Ford’s award-winning mechanism is made of Trinseo’s MAGNUMTM 3325MT ABS.
Award competitions like this one continue to prove that car manufactures are facing higher consumer pressure to improve the quality of their vehicles. Trinseo’s broad portfolio of automotive rigid and soft-touch plastics and a proven R&D expertise help our customers to find the best solution for every challenge they meet – be it premium aesthetics, weight reduction, improved safety, processing flexibility or cost effectiveness.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees. For more information, please visit: www.trinseo.com.
Cautionary Note on Forward-Looking Statements
This press release may contain "forward-looking statements" including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.