MOSCOW (MRC) -- Trinseo, a specialty material solutions provider, and its affiliate companies in Europe announced today a price increase for all polystyrene (PS), ABS and SAN grades, said the company.
Effective April 1, 2023, or as existing contract terms allow, the contract and spot prices for the products listed below will increase as follows:
STYRON™ and STYRON™ X-TECH general purpose polystyrene grades (GPPS) by +50 Euro per metric ton
STYRON™ and STYRON™ A-TECH, STYRON™ C-TECH and STYRON™ X- TECH high impact polystyrene grades (HIPS) by +50 Euro per metric ton
MAGNUM™ ABS resins by +10 Euro per metric ton
TYRIL™ SAN resins by +10 Euro per metric ton
We remind, Trinseo reported a Q4 net loss of $365.3m largely because of a pre-tax, non-cash goodwill impairment charge of USD297m related to its PMMA business and Aristech Surfaces reporting units. The company saw Q4 sales fall by almost 25% compared with the same quarter a year go while costs fell at a slower pace. The following table shows the company's Q4 financial performance. Figures are in millions of dollars.
Trinseo, a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart and sustainably focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.