MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex, and rubber, has recently collaborated with a leading consumer materials customer to develop a formaldehyde-free acrylic latex for use in an environmentally friendly, artificial leather washable paper, as per the company's press release.
Trinseo’s team of experts worked quickly and responsively to understand the application requirements and formulation challenges to develop a customized and cost-effective LIOGS solution that outperformed its competition.
Even during the height of the COVID-19 pandemic, the collaboration moved rapidly. From scale-up after lab sampling to the first order, the conversion took place in just eight months. With the formaldehyde-free LIGOS solution in use, the company now benefits from roughly 10-15% savings on production costs.
As MRC reported earlier, Trinseo has announced that effective October, 1, 2021, the company is increasing the prices of all Styrene Butadiene latex products sold into the carpet market in North America. The increase will be USD0.08/dry lb (USD0.18/kg or USD180/tonne) or as contracts allow.
We remind that Trinseo and its affiliate companies in Europe have also announced a price reduction for all polystyrene (PS) grades in Europe. Effective September 1, 2021, or as existing contract terms allow, the contract and spot prices for the products listed below went down, as follows:
- STYRON general purpose polystyrene grades (GPPS) -- by EUR65 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR55 per metric ton;
According to ICIS-MRC Price report, in Russia, Nizhnekamskneftekhim raised its September selling HIPS an GPPS prices for most buyers by Rb700-750/tonne amid an increase in delivery costs. However, some market participants reported a price roll-over.
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 USD3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees.