MOSCOW (MRC) -- Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, has announced the opening of a new compounding factory at its Hoek Site in Terneuzen, the Netherlands, which will replace the old compounding plant at Terneuzen Industrial Park, as per the company's press release.
The site in Terneuzen is the company's second largest location. Trinseo has 16 production sites and eleven R&D centres worldwide. Partly due to a lack of space for expansion at the Terneuzen Industrial Park, the company moved to its new location at the Mosselbanken in Hoek. The new compounding plant is in close vicinity to Trinseo’s new R&D Centre, which was officially opened in September 2017. Another advantage of the new location is the proximity to the company's storage and distribution partner Katoen Natie. This offers the possibility of optimising the supply chain, which immediately results in a reduction in the number of freight movements, said Trinseo.
"We are proud that the replacement of the old factory represents a long-term investment in the future and thus contributes to the positive development of Trinseo as a company, its employees, and the regional community where we operate," said Frans Kempenaars, Managing Director of Trinseo Netherlands. "The transition to, and building of the new manufacturing plant, has taken more than two years."
As MRC informed before, Trinseo and its affiliate companies in Europe has announced a price increase for all polystyrene (PS) grades in Europe. Effective September 1, 2019, or as existing contract terms allow, the contract and spot prices for the products listed below increased as follows:
- STYRON general purpose polystyrene grades (GPPS) - by EUR100 per metric ton;
- STYRON and STYRON A-Tech high impact polystyrene grades (HIPS) - by EUR100 per metric ton.
According to ICIS-MRC Price report, in the Russian market, Nizhnekamskneftekhim raised its selling HIPS and GPPS prices by Rb2,000/tonne in September.
Trinseo is a manufacturer of plastics, latex binders, synthetic rubber, and thermoplastic elastomers. The company is one of the five largest employers in the Zeeuws-Vlaanderen region in the Netherlands, while globally it is active in investing in continuous improvement for its 2,500 employees. Just ten years ago, Trinseo had 350 employees in Terneuzen. This number currently sits at 450 employees and is still growing. The company had approximately USD 4.6 billion in net sales in 2018.