Trinseo (NYSE: TSE), a global material solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, announced today its plans for a Thermoplastic Elastomers (TPE) pilot facility in Hsinchu, Taiwan. The TPE pilot facility emphasizes Trinseo’s growth strategy for TPEs globally and will serve customers in the Automotive, Consumer Electronics, Footwear and Medical markets. The pilot facility will be built at Trinseo’s existing manufacturing site in Hsinchu and will begin operation in 2020.
The investment in a state-of-the art TPE pilot facility in Asia Pacific is the next step of Trinseo’s TPE growth roadmap following the acquisition of Italian-based API S.p.A, in July 2017. Once the new pilot line in Hsinchu is operational, Trinseo will locally produce its custom engineered TPE and thermoplastic urethanes (TPU), including its leading bioplastics portfolio.
“The pilot facility demonstrates our commitment to offer a differentiated, globally available TPE portfolio to our customers in the automotive, consumer electronics, footwear and medical markets,” said Tim Stedman, Senior Vice President, Strategy and Corporate Development at Trinseo. “This investment in growth in the Asia Pacific region will further strengthen our ability to create growth synergies with customers between our rigid and soft-touch polymers.”
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, lighting, electrical, carpet, paper and board, building and construction, and tires. Trinseo had approximately $4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees. For more information visit www.trinseo.com.
Note on Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release may include, without limitation, forecasts of growth, revenues, business activity, acquisitions, financings and other matters that involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. As a result of the foregoing considerations, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.