11/08/2021 | Press release | Archived content
Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics and latex binders, was presented with the 2021 Competitive Strategy Leadership Award by Frost & Sullivan, the premier global business strategy and consulting firm. Trinseo earned the recognition based on a recent independent analysis of its contributions to the circular economy in areas including strategy effectiveness, executive support, differentiation, stakeholder integration, customer purchase experience, price/performance and value, and brand equity.
"A circular economy is the future and Trinseo is committed to being part of it through the materials we offer," said Francesca Reverberi, Senior Vice President and Chief Sustainability Officer of Trinseo. "As a company, Trinseo believes in using a science-based approach and technological innovation to provide cutting edge solutions, not only to customer challenges but to environmental issues and societal concerns. We are delighted that our dedication and efforts in the area of circularity are well recognized."
Trinseo has been particularly active in styrenics circularity in recent years. Besides proactively working with customers to develop sustainably advantaged products, Trinseois a key contributor to various industry associations including, PlasticsEurope, American Chemistry Council, and Styrenics Circular Solutions. Trinseo also is a strong advocate of partnering with value chain stakeholders and believes that a circular economy can only be achieved through collaborative efforts.
"Trinseo's pioneering efforts involving a 360‐degree approach toward circular polystyrene solutions that comprise advanced recycling, dissolution, and bio‐based feedstock‐derived resins enabled it to carve out an edge over the competition," said Gautam Rashingkar, an industry analyst at Frost & Sullivan.Trinseo formally mapped out an ambitious, measurable, achievable, and long-term sustainability journey in 2019 that included 15 sustainability goals grouped into 5 categories. Three of these goals focused on material solutions and its product portfolio:
The award further demonstrates Trinseo's commitment to its sustainability goals and circularity.
For 60 years, Frost & Sullivan has been known for its business intelligence, research, and analysis services extending across 45 global offices, spanning 10 industries, 35 sectors, and 300 markets. The company applies a rigorous analytical process to evaluate multiple nominees in various award categories before determining its honorees. For more information, please visit 2021 Award Recipients | Frost & Sullivan Best Practice Awards.
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 $3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees. For more information, please visit: www.trinseo.com.
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 the timing of the proposed acquisition of the Arkema MMA and PMMA business (the "Acquisition"); estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities and cost synergies relating to the Acquisition, 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 such a difference include, but are not limited to, our failure to complete the Acquisition or meet the conditions to closing, including antitrust, works council and other regulatory approvals; the failure to obtain the financing necessary to fund the Acquisition and the impact of the substantial indebtedness to be incurred; costs related to the Acquisition; following the Acquisition, our ability to successfully integrate the acquired businesses, generate expected cost savings and synergies, maintain relationships with customers, retain key employees and profitably grow the business; 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.