Trinseo restructuring move includes elastomer activities

Wayne, Pennsylvania – Trinseo SA has launched a new restructuring initiative to position itself for longer-term growth, the polymer producer has announced.

Effective 1 Oct, the company has combined the management of its engineered materials, plastics solutions and polystyrene businesses, said its statement.

Among other polymers, Trinseo’s engineered materials portfolio encompasses thermoplastic elastomers (TPEs), while it also supplies styrene-butadiene latex binders.

The TPEs include those based on styrenic block copolymers, olefinic polymers, thermoplastic rubber vulcanisates, and copolyester elastomers.

To be completed by the end of 2025, the restructuring is expected to generate annual cost savings of $30 million (€27 million) by the end of 2026.

The newly combined engineered materials, plastics solutions and polystyrene businesses will be led by Francesca Reverberi, SVP, engineered materials.

Bregje Van Kessel, who has led the plastics solutions and polystyrene businesses, has been made SVP, corporate finance and investor relations.

Han Hendriks, who leads technology and innovation, now has added responsibilities for the company’s sustainability activities as chief technology and sustainability officer.

In addition to the restructuring, Trinseo has decided to exit virgin polycarbonate production at its Stade, Germany by the end of January 2025.