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 the Company to distribute a quarterly repayment of equity of USD0.30 per share, said the producer on its site.
The repayment of equity will be a cash distribution payable on April 25, 2017, to shareholders of record as of the close of business on April 11, 2017.
As MRC informed earlier, Trinseo and its affiliate companies in Europe have raised February prices for all polystyrene (PS), acrylonitrile-butadiene-styrene (ABS) and acrylonitrile styrene copolymer (SAN) grades.
Effective as of 2 February, or as existing contract terms allow, the contract and spot prices for the product listed below increased as follows:
- STYRON general purpose polystyrene grades (GPPS) - by EUR250 per metric ton;
- STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR270 per metric ton;
- MAGNUM ABS resins - by EUR250 per metric ton;
- TYRIL SAN resins - by EUR200 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.
MRC