Articles from Trinseo

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, February 13 at 10 a.m. Eastern Time.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on January 23, 2025, to shareholders of record as of the close of business on January 9, 2025.

Trinseo (NYSETSE) (Trinseo or “the Company”), a specialty materials solutions provider, today announced it has entered into agreements to supply a polycarbonate technology license as well as all proprietary polycarbonate production equipment in Stade, Germany to a wholly owned subsidiary of Deepak Nitrite Limited (Deepak) for use in India. Deepak, headquartered in Vadodara, Gujarat, India, is a multi-division and multi-product chemical intermediates company.

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Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its third quarter 2024 financial results on Thursday, November 7 at 10 a.m. Eastern Time.

Trinseo (NYSETSE) (Trinseo or “the Company”), a specialty materials solutions provider, today announced restructuring initiatives to better position the business for longer-term growth, improved profitability, and increased cash generation.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on October 24, 2024, to shareholders of record as of the close of business on October 10, 2024.

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Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its second quarter 2024 financial results on Wednesday, August 7 at 10 a.m. Eastern Time.

Trinseo (NYSETSE), a specialty material solutions provider, announced today the release of its 2024 Sustainability & Corporate Social Responsibility Report.

Trinseo (NYSETSE), a specialty material solutions provider, today announced a correction to its previously issued press release dated June 27, 2024, under the headline “Trinseo Announces Quarterly Dividend of $0.01 Per Share”. The previous press release contained a typographical error which erroneously indicated that the record date for the dividend was payable to shareholders of record as of the close of business on “July 7, 2024” rather than the correct record date of July 8, 2024. Other than this correction, there are no other changes to the previous press release.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on July 22, 2024 to shareholders of record as of the close of business on July 7, 2024.

Trinseo (NYSETSE), a specialty material solutions provider, announced today the opening of its polymethyl methacrylate (PMMA) depolymerization facility in Rho, Italy, on June 25. The pilot facility represents a significant step forward in the Company’s commitment to sustainability, as the next-generation recycling technology helps advance a circular infrastructure for acrylic solutions and is aligned with Trinseo’s 2030 Sustainable Product Portfolio Goals.

Trinseo (“Trinseo” or “the Company”) (NYSETSE), a specialty material solutions provider, today announced its lineup of EV Battery solutions that will be on display at The Battery Show Europe in Stuttgart, Germany, June 18-20, 2024, Hall 8, Booth D26. Two innovative technologies will be highlighted this year that focus on improving performance of the EV battery itself, along with a novel approach to physically protecting the battery pack.

Trinseo (NYSETSE), a specialty material solutions provider and manufacturer of plastics and latex binders, announced today the launch of new recycled-containing acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, available under the MAGNUM™ ECO+, MAGNUM™ CR and TYRIL™ CR trade names.

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Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its first quarter 2024 financial results on Thursday, May 9 at 10 a.m. Eastern Time.

Trinseo (Trinseo, or the “Company”) (NYSETSE), a specialty material solutions provider, today announces its new offering of flame-retardant EMERGE™ PC 8600PV and 8600PR resins, as well as EMERGE™ PC/ABS 7360E65 resins, manufactured without the use of per-and polyfluoroalkyl substances (PFAS) or halogenated additives. Many PFAS chemicals are commonly used for their important flame-retardant properties, as well as their resistance to heat, oil, stain, grease, and water. These new products maintain those critical performance attributes while addressing the growing demand and regulatory pressures to reduce the use of PFASs, especially in the consumer electronics and electrical industries. These products will first be launched in the Asia-Pacific market, suitable for applications in a variety of fields such as IT equipment, electronic and electrical products, battery chargers, and voltage stabilizers.

Trinseo (“Trinseo” or “the Company”) (NYSETSE), a specialty material solutions provider, today announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland Anlagengesellschaft mbH regarding the potential closure of its virgin polycarbonate (“PC”) production site in Stade, Germany. The Company expects to seek board approval of the closure in 2024 following the Works Council consultation process. If an agreement is reached, Trinseo will no longer produce virgin PC and will obtain PC for its downstream businesses entirely via external purchases. In comparison to 2023 results, the action is expected to increase annual profitability by $15 million to $20 million.

Trinseo (“Trinseo” or “the Company”) (NYSETSE), a specialty material solutions provider, today announced that it has commenced a sale process for its 50% ownership in Americas Styrenics LLC (“AmSty”), a joint venture with Chevron Phillips Chemical Company LP.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on April 18, 2024 to shareholders of record as of the close of business on April 4, 2024.

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Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its fourth quarter and full year 2023 financial results on Tuesday, February 13 at 10 a.m. Eastern Time.

Trinseo (“Trinseo” or “the Company”) (NYSETSE), a specialty material solutions provider, is helping advance the potential of sustainable plastics with the inauguration of its next generation, polymethyl methacrylate (PMMA) depolymerization plant in Rho, Italy. Scheduled to be commissioned in Q1 2024, this demonstration facility marks a pivotal step towards reshaping the plastics ecosystem as part of the circular economy. PMMA, renowned for its versatility in various applications, will be transformed through this advanced recycling and purification process where it can go back into the plastics value chain and support the goal of circularity. This depolymerization operation will be designed to enable the efficient recycling of end-of-life PMMA, as well as other difficult to recycle structures, which will ultimately be used to produce acrylic resins, sheets, and compounds containing recycled materials.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on January 18, 2024 to shareholders of record as of the close of business on January 4, 2024.

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Trinseo (“Trinseo” or “the Company”) (NYSETSE), a specialty material solutions provider, today announced its decision to discontinue operations at its ethylbenzene styrene monomer (EBSM) manufacturing facility in Terneuzen, the Netherlands. This decision was made following the completion of joint negotiations with the Works Council in Terneuzen. The plant is scheduled to officially cease operations in November 2023. With the closure of the EBSM facility, the company will purchase of all of its styrene needs from third party suppliers to support its downstream businesses.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its third quarter 2023 financial results on Monday, November 6 at 10 a.m. Eastern Time.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share. The dividend will be a cash distribution payable on October 19, 2023 to shareholders of record as of the close of business on October 5, 2023.

Trinseo (“Trinseo” or “the Company”) (NYSETSE), a specialty material solutions provider, today announced that it has obtained $1.077 billion in aggregate principal amount of secured term loan financing (“New Term Loan Facility”) arranged by Angelo, Gordon & Co., L.P. (“Angelo Gordon”) and Oaktree Capital Management, L.P. (“Oaktree”), with funds managed by Angelo Gordon, Oaktree and Apollo Global Management, Inc. (“Apollo”) as lenders. Proceeds will be used to refinance the entirety of the Company’s outstanding 2024 term loan and $385 million of its existing $500 million 2025 Senior Notes.

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Trinseo (NYSETSE), a specialty materials solutions provider, is launching INDURO™, a highly engineered continuous cast acrylic capped sheet specifically developed as a more durable material replacement for exterior panels in recreational and other vehicles in the mobility sector.

Trinseo (NYSETSE), a specialty material solutions provider, today announced a restructuring of its Executive Leadership Team (ELT) to accelerate the Company’s continued transformation as a provider of more sustainable, highly engineered, specialty materials and solutions. This new structure is focused on creating an environment that will further enable and enhance the Company’s strategic focus on strengthening transformative innovation, customer-centric solutions and increased sustainability across all its products and businesses.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its first quarter 2023 financial results on Friday, August 4 at 10 a.m. Eastern Time.

Trinseo (NYSETSE), a specialty material solutions provider, announced today the release of its 2023 Sustainability & Corporate Social Responsibility Report, which details how the Company is materializing a sustainable future through progression of its 2030 Sustainability Goals.

Trinseo (“Trinseo” or “the Company”) (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.01 per share.

Trinseo (NYSETSE), a specialty material solutions provider, announced today the inauguration of its polycarbonate (PC) dissolution pilot facility in Terneuzen, the Netherlands on April 5, 2023. The new pilot facility is a major step in Trinseo’s commitment to sustainability, part of the journey in realizing the company’s sustainability goals. The guests of honor at the inauguration ceremony included Jo-Annes de Bat, Provincial Executive (responsible for regional economy) of the Netherlands.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it has closed on the sale of its land, buildings and equipment in Matamoros, Mexico to Plaskolite.

Trinseo (NYSETSE), a specialty material solutions provider, today reported its first quarter 2023 financial results. Net sales in the first quarter decreased 28% versus prior year. Lower sales volume across all reporting segments caused by continued customer destocking and underlying demand weakness led to a 20% decrease. Lower price, from the pass through of lower raw material costs, led to a 7% decrease.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its first quarter 2023 financial results on Friday, May 5 at 10 a.m. Eastern Time.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it has signed an agreement to sell its land, buildings and equipment in Matamoros, Mexico to Plaskolite. The transaction is expected to close within the next several weeks.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.14 per share, which represents a 56% reduction from the current quarterly dividend of $0.32 per share.

Trinseo (NYSETSE), a specialty material solutions provider, today announced the North American launch of LIGOS™ C 9375, the Company’s first all-acrylic latex binder for Building and Construction applications. The launch is a key component of the Company’s transformation and growth strategy for its coatings, adhesives, sealants, and elastomers (CASE) segment resulting from close customer collaboration.

__________________________ *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Income (Loss), all of which are non-GAAP measures, to Net Income (Loss), as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below.

Trinseo (NYSETSE), a specialty materials solutions provider, is pleased to announce a distribution agreement with Omya, a leading global producer of industrial minerals and worldwide distributor of specialty chemicals.

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Trinseo (NYSETSE), a specialty material solutions provider, today announced updates to its asset restructuring initiatives. In aggregate, these actions are expected to result in approximately $60 million of annual profitability improvement versus the fourth quarter run rate, most of which will be realized in 2023. These actions consist of the following:

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.32 per share. The dividend will be a cash distribution payable on January 19, 2023 to shareholders of record as of the close of business on January 5, 2023.

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Trinseo (NYSETSE), a specialty material solutions provider, was recognized as a 2022 Champion of Board Diversity by the Forum of Executive Women at its leadership breakfast yesterday. Trinseo is one of 35 of the top 100 public companies in the Philadelphia region celebrated by the Forum for achieving 30 percent or more female representation on their boards.

Trinseo (NYSETSE), a specialty material solutions provider, today released preliminary result estimates for third quarter of 2022. Net income from continuing operations is estimated to be between negative $123 million and negative $118 million and Adjusted EBITDA* is estimated to be between negative $42 million and negative $37 million. In addition, cash from operations is estimated to be between $95 million and $100 million with Free Cash Flow* estimated to be between $56 million and $61 million.

Trinseo (NYSETSE), a specialty material solutions provider, today announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany. The facility, which has a nameplate annual capacity of 300 kilotons, generated negative profitability of approximately $30 million over the last four quarters ending Q2 2022.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a quarterly dividend of $0.32 per share. The dividend will be a cash distribution payable on October 20, 2022 to shareholders of record as of the close of business on October 6, 2022.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that its Board of Directors authorized a new share repurchase program of up to $200 million of its ordinary shares, subject to certain parameters defined by the Board of Directors. This new authorization, which expires in 18 months, follows the repurchase of the full $200 million authorization from December 2021. All repurchases will be carried out by way of redemption in accordance with Irish law and the Company’s constitutional documents.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it has appointed Han Hendriks to the newly created role of Chief Technology Officer (CTO), effective Oct. 1, 2022.

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Trinseo (NYSETSE), a specialty material solutions provider, announced today it has decided to pause the sale of its styrenics business (the “Business”).

Trinseo, a specialty material solutions provider, announced its new series of sustainably-advantaged materials for the European marketplace -- ALTUGLAS™ R-Life Acrylics. ALTUGLAS™ R-Life is an umbrella brand that will include chemically and mechanically recycled, reused, and bio-based polymethyl methacrylate (PMMA) for cast and extruded sheets, resins, and compounds.

Trinseo (NYSETSE), a specialty material solutions provider, today announced that it will host a conference call to discuss its second quarter 2022 financial results on Tuesday, August 9 at 10 a.m. Eastern Time.

Trinseo (NYSETSE), a specialty material solutions provider, announced the release of its 2022 Sustainability & Corporate Social Responsibility (CSR) Report which showcases the Company’s transformational journey throughout 2021 and accelerated the progress toward its 2030 Sustainability Goals.

Trinseo (NYSETSE), a specialty materials solution provider, announced that it has been working with CEDAP, an expert in plastic film extrusion and thermoforming, to provide food contact compliant recycled polystyrene (rPS) for the yogurt cups of the French brand Les 300 Laitiers Bio since April 2022. The brand is a holding of Eurial Ultra-Frais, the European agricultural cooperative.

Trinseo (NYSETSE), a specialty material solutions provider, and GMP Group (GMP), a circular business innovations company in the Netherlands, announced jointly today their intended concerted efforts in further unlocking the circularity of polystyrene (PS).

Trinseo (NYSETSE), a specialty material solutions provider, and Atos today announced that Trinseo has started using Atos’ recently launched digital solution to identify and monitor the carbon footprint of its entire portfolio. This will enable Trinseo to deliver superior product data on the carbon footprint of its products to its customers and accelerates Trinseo’s net-zero ambitions and carbon transparency commitments.

Trinseo (NYSETSE), a global materials solutions provider and manufacturer of plastics and latex binders, today announced that its Board of Directors authorized a quarterly dividend of $0.32 per share. The dividend will be a cash distribution payable on July 21, 2022 to shareholders of record as of the close of business on July 7, 2022.

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In 2018, a subsidiary of Trinseo PLC (NYSETSE), a global materials solutions provider and manufacturer of plastics and latex binders, received a Request for Information from the European Commission Directorate General for Competition (the “European Commission”) related to styrene monomer commercial activity in the European Economic Area, as well as subsequent requests for information. Trinseo has fully responded to all information requests from the European Commission and continues to fully cooperate. As a result of further developments in this matter, in the first quarter of 2022, Trinseo recorded a reserve for an estimated liability of $36 million.

Trinseo (NYSETSE), a global materials solutions provider and manufacturer of plastics and latex binders, today announced that it will host a conference call to discuss its first quarter 2022 financial results on Thursday, May 5 at 10 a.m. Eastern Time.

Trinseo (NYSETSE), a global materials company and manufacturer of plastics and latex binders today announced that it has created two new Executive Leadership Team positions – the roles of Chief Technology Officer (CTO) and Chief Commercial Officer (CCO).

Trinseo (NYSETSE), a global materials solutions provider and manufacturer of plastics and latex binders, today announced that its Board of Directors authorized a quarterly dividend of $0.32 per share. The dividend will be a cash distribution payable on April 21, 2022 to shareholders of record as of the close of business on April 7, 2022.

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Trinseo (NYSETSE), a global materials company and manufacturer of plastics and latex binders announced that plans for a world-class chemical recycling plant in Europe are progressing rapidly. In late 2021, Trinseo contracted with global technology provider Synova and global engineering services company Worley, and is currently working on an engineering package and preparing Trinseo’ s Tessenderlo, Belgium site for recycling operations.

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Trinseo (NYSETSE), a global materials solutions provider and manufacturer of plastics and latex binders, announced today the completion of the acquisition of Heathland B.V. (“Heathland”), a leading collector and recycler of post-consumer (PCR, EoL) and post-industrial (PIR) plastic wastes in Europe.

Trinseo (NYSETSE), a global materials solutions provider and manufacturer of plastics and latex binders, announced that its flagship STYRON™ Polystyrene Resins, MAGNUM™ ABS Resins, and TYRIL™ SAN Resins now are available with renewable content. These materials combine fossil-based polymers with renewable raw materials according to a mass balance process, resulting in a bio-attributed composition from 80 to 95 percent.

Trinseo (NYSETSE), a global materials solutions provider and manufacturer of plastics and latex binders, today announced its entry into a definitive agreement to acquire Heathland B.V. (“Heathland”), a leading collector and recycler of post-consumer (PCR, EoL) and post-industrial (PIR) plastic wastes in Europe.