Trinseo plc

07/05/2022 | Press release | Distributed by Public on 07/05/2022 06:43

Trinseo Announces Price Increase for Polystyrene, Polycarbonate and Copolymers in Europe

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 visiting www.trinseo.comand connecting with Trinseo on LinkedIn, Twitterand Facebook.

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.