MOSCOW (MRC) -- Trinseo, the global materials company and manufacturer of plastics, latex and rubber, has announced its Merak, Indonesia plant was awarded 2014 Best Supplier Award from Panasonic, one of the most recognized and globally trusted brand names for electrical home appliances, as per the company's press release.
This is the second consecutive year that the company’s Merak plant received this award. Trinseo supplies both General Purpose Polystyrene (GPPS) and High Impact Polystyrene (HIPS) resins used in air conditioners, washing machines, refrigerators, and more.
"We are honored to receive this award which recognizes Trinseo’s successful ten year partnership with Panasonic for the second year in a row," said Martin Pugh, Senior Vice President and Business President, Performance Materials, "I’d like to thank all our employees at PT Trinseo Materials Indonesia for their commitment to supplying Panasonic with high quality products and outstanding customer service."
As MRC wrote earlier, Trinseo had increased its May contract and spot prices for all polystyrene (PS) and copolymer grades in Europe, as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR30 per metric ton;
- MAGNUM ABS and TYRIL SAN resins - by EUR60 per metric ton.
Panasonic Corporation is one of the largest electronic product manufacturers in the world, comprised of over 469 companies. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe.
Formerly known as Styron, Trinseo has completed the name change process for most legal entities around the world. Some Styron companies are still completing this process and will continue to do business as Styron until their respective name changes are complete.
Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD5.1 billion in revenue in 2014, with 19 manufacturing sites around the world, and approximately 2,100 employees.
MRC