Trinseo : Announces Price Increase for Polystyrene, Polycarbonate and Copolymers in Europe
July 05, 2022 at 08:53 am EDT
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Trinseo Announces Price Increase for Polystyrene, Polycarbonate and Copolymers in Europe
- Tuesday, July 5, 2022
Trinseo(NYSE: TSE), a specialty material solutions provider, and its affiliate companies in Europe announced today a price increase for all polystyrene (PS), polycarbonate (PC), ABS and SAN grades. Effective July 1, 2022, or as existing contract terms allow, the contract and spot prices for the products listed below will increase as follows:
STYRON™ general purpose polystyrene grades (GPPS) by +290 Euro per metric ton
STYRON™ and STYRON™ A-TECH, STYRON™ C-TECH and STYRON™ X- TECH high impact polystyrene grades (HIPS) by +290 Euro per metric ton
CALIBRE™ Polycarbonate Resins by +500 Euro per metric ton
MAGNUM™ ABS resins by +90 Euro per metric ton
TYRIL™ SAN resins by +90 Euro per metric ton
About Trinseo
Trinseo (NYSE: TSE), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.
From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers' unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical.
Trinseo's approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company's locations in North America, Europe, and Asia Pacific. Trinseo reported net sales of approximately $4.8 billion in 2021. Discover more by visitingwww.trinseo.comand connecting with Trinseo onLinkedIn,TwitterandFacebook.
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 future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and 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.
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Trinseo plc published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 12:52:04 UTC.
Trinseo PLC is a specialty material solutions provider. Its segments include Engineered Materials, Latex Binders, Base Plastics, Polystyrene, Feedstocks, and Americas Styrenics. The Engineered Materials segment includes its compounds and blends products sold into higher growth and value applications, such as consumer electronics and medical, as well as soft thermoplastic elastomers (TPEs) products. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders. The Base Plastics segment consists of a variety of compounds and blends. The Polystyrene segment includes a variety of general-purpose polystyrenes (GPPS) and polystyrene that has been modified with polybutadiene rubber. The Feedstocks segment includes its production and procurement of styrene monomer outside of North America, which is used as a raw material in various products. The Americas Styrenics segment is a producer of both styrene monomer and polystyrene in North America.