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Trinseo announces quarterly dividend

December 07/2017

MOSCOW (MRC) -- Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, has announced that its Board of Directors authorized a quarterly dividend of USD0.36 per share, as per the company's press release.

The dividend will be a cash distribution payable on January 23, 2018, to shareholders of record as of the close of business on January 9, 2018.

As MRC wrote before, Trinseo and its affiliate companies in Europe increased prices for all polystyrene (PS), polycarbonate (PC), acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) grades. Effective December 1, 2017, or as existing contract terms allow, the contract and spot prices for the products listed below rose as follows:   

    - STYRON general purpose polystyrene grades (GPPS) - by EUR95 per metric ton;
    - STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR95 per metric ton;
    - CALIBRE Polycarbonate Resins - by EUR200 per metric ton;
    - MAGNUM ABS resins - by EUR60 per metric ton;
    - TYRIL SAN resins - by EUR85 per metric ton.

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 USD3.7 billion in net sales in 2016, with 15 manufacturing sites around the world, and nearly 2,200 employees.
Author:Margaret Volkova
Tags:Europe, PC, PS, ABS, GPPS, SAN, HIPS, Trinseo (Styron).
Category:General News
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