Trinseo TSE, -0.62% the global materials company and manufacturer of plastics, latex and rubber, announced today that June 17 marks the company’s 5th anniversary since its carve out from The Dow Chemical Company and purchase by Bain Capital Partners in 2010.
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Today, Trinseo’s products continue to be an integral part of the world’s automotive market, consumer electronics business, medical applications, and much more. Since its formation, the Company continues to grow, now serving 27 countries, engaging 2,100 employees, and operating 19 manufacturing locations worldwide.
Over the last five years, Trinseo has celebrated many accomplishments:
October 2012 Opened a new SSBR Production Line in Schkopau, Germany to increase the Company’s presence in the high performance tyre industry
September 2013 Earned Responsible Care® certification and integrated its principles into Trinseo’s core values
February 2014 Doubled its SSBR Rubber production train capacity to better serve customers
February 2014 Announced expansion of latex capacity at Zhangjiagang, China production facility
April 2014 Announced plans to convert its Ni-BR Rubber production line to Neodymium-BR to meet growing demands for green and ultra-high performance tyres
June 2014 Launched and closed its Initial Public Offering of 10,000,000 ordinary shares under the New York Stock Exchange symbol TSE
June 2014 Rang the iconic opening bell at the New York Stock Exchange
October 2014 Announced the re-alignment of business divisions to Performance Materials and Basic Plastics and Feedstocks
February 2015 Completed name change from Styron to Trinseo to represent the increased breadth of the Company
April 2015 Refinanced debt to a more efficient and diverse capital structure that includes debt in both Euros and U.S. Dollars
May 2015 Launched the innovative family of ENLITE™ Structural Polymers to focus on strength and lightweight properties for the automotive industry
“When I think back to where we started in June 2010, we had existing businesses and strong customer relationships, but we had a lot of work to do in order to align our businesses and build an independent company with its own identity and culture,” said Chris Pappas, president and CEO, Trinseo. “I believe this transformation is the real milestone of Trinseo, thanks to the continuation of the work and the effort of over 2,100 employees to build this great company. It’s been an exciting past five years, and it means a tremendous amount to me to be able to celebrate these accomplishments with all of our employees.” – Market Watch’