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Trinseo took decision not to close PC plant in Stade

December 06/2019

MOSCOW (MRC) -- Trinseo, following an evaluation of strategic alternatives for its polycarbonate production facility in Stade, Germany decided to continue operating the site for the "foreseeable" future, as per Petrochemical-news.

In the company's 3Q 2019 financial results, President and Chief Executive Frank Bozich noted that structural and raw material cost savings from the review of the Stade facility are expected to result in a "more sustainable"
economic future for the site.

The decision to save the plant, made after a study announced in May, was driven by the economics of supplying of PC to Trinseos high-yield compound processing business.

PC production at Stade is 145,000 tonne/year.  About 40% of the production goes to the production of compounds.

According to ICIS-MRC Price report, last week, Russian market participants were waiting for information from Nizhnekamskneftekhim on next month's prices. Amid lower prices of material in foreign markets, Nizhnekamskneftekhim took a non-traditional approach to this month's pricing. December prices will decrease by Rb3,000/tonne and will roll over for January for those buyers that will contract PS quantities for two months in advance. For those buyers that will contract only December quantities, next month's prices will be reduced by only Rb1,000/tonne.

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 USD4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees.


mrcplast.com
Author:Anna Larionova
Tags:PK, PC granules, PC compounds, Trinseo (Styron).
Category:General News
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