AsiaNet 86946

BERWYN, Pa., Dec. 2, 2020 /PRNewswire=KYODO JBN/ --

New facility enables faster innovation cycles for sustainably advantaged

materials across markets

Trinseo (NYSE: TSE)[http://www.trinseo.com/], a global materials solutions

provider and manufacturer of plastics, latex binders and synthetic rubber,

announced today the inauguration of its Thermoplastic Elastomers (TPE) pilot

facility in Hsinchu, Taiwan. The new pilot facility represents a major step in

Trinseo's wider growth strategy for TPEs, enabling it to locally produce

custom-engineered TPE and thermoplastic urethanes (TPU), together with its

leading bioplastics portfolio, for key customers in the Asia-Pacific region.

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The state-of-the-art pilot facility is built at Trinseo's existing

manufacturing site in Hsinchu, and will enable faster innovation cycles in

close collaboration with customers for sustainably advantaged materials in the

Automotive, Consumer Electronics, Footwear and Medical markets. It complements

Trinseo's existing main TPE development center in Mussolente, Italy, which is

leading industry developments in the design and production of sustainable

soft-touch plastics.

The new Hsinchu plant has been launched on schedule, despite the challenges

associated with constructing a state-of-the-art facility during the global

Coronavirus pandemic. Upon its opening, Trinseo celebrated 15,000+ safety hours

in a development project that spanned three regions under the most challenging

circumstances.

"We are very excited to start up the pilot facility for our custom-engineered

TPE and TPU closer to customers in the Asia-Pacific," said Francesca Reverberi,

Vice President, Engineered Materials and Synthetic Rubber, Trinseo. "The pilot

plant offers a potential platform through which Trinseo can fulfil increasing

demand for TPEs, brought about by megatrends such as the growth in telemedicine

and the convergence of medical and consumer electronics. These trends bring a

requirement for more user-friendly and sustainable devices with greater use of

soft-touch materials and bio-based plastics."

The pilot plant will play a significant role in helping Trinseo achieve its

2030 Sustainability Goals, which specify that sustainably sourced materials

will form the basis of 40% of Trinseo's portfolio within a decade. Trinseo's

biobased and biodegradable TPE and TPU materials comprise a significant portion

of the company's environmentally friendly portfolio, and the pilot facility is

expected to accelerate adoption and development of these solutions.

The Hsinchu plant is already supporting Trinseo's sustainability aims by

compounding best-in-class resins made with post-consumer recycled plastics,

used primarily in consumer electronics. Furthermore, the plant will enable

Trinseo to continue its evolution into a true solutions provider to customers

in Consumer Electronics, Footwear, Medical, Automotive TPE and Appliances &

Tools – with a strong focus on sustainability.

About Trinseo

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 $3.8 billion in net sales with 2,700 employees globally in 2019.

For more information, please visit: www.trinseo.com.

Note on Forward-Looking Statements

This press release may contain "forward-looking statements" including, without

limitation, statements concerning plans, objectives, goals, projections,

expectations, strategies, future events or performance, and underlying

assumptions and other statements, which are not statements of historical facts.

Forward-looking statements may be identified by the use of words like "expect,"

"estimate," "will," "may," or expressions of similar meaning. Forward-looking

statements reflect management's evaluation of information currently available

and are based on the Company's current expectations and assumptions regarding

the impact from the COVID-19 pandemic, the Company's business, the economy and

other future conditions. Specific factors that could cause future results to

differ from those expressed by the forward-looking statements include, but are

not limited to, risks related to the ongoing impact of the COVID-19 pandemic

and those discussed in the Company's Annual Report for the year ended December

31, 2019 filed with the Securities and Exchange Commission ("SEC"), in

subsequent Quarterly Reports on Form 10-Q and in other filings and furnishings

made by the Company with the SEC from time to time. Other unknown or

unpredictable factors could also have material adverse effects on the Company's

performance. As a result of these or other factors, the Company's actual

results may differ materially from those contemplated by the forward-looking

statements. The forward-looking statements included in this press release are

made only as of the date hereof and are not a guarantee of future performance.

The Company undertakes 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.

SOURCE Trinseo

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