HORGEN, Switzerland - Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, announced the opening a new compounding factory at its Hoek Site in Terneuzen, The Netherlands. With this development, the company is providing an extra boost to the developments in the field of research and development (R&D), sustainability, and employment in the region. The new facility will replace the old compounding plant at Terneuzen Industrial Park.

"We are proud that the replacement of the old factory represents a long-term investment in the future and thus contributes to the positive development of Trinseo as a company, its employees, and the regional community where we operate," said Frans Kempenaars, Managing Director of Trinseo Netherlands. "The transition to, and building of the new manufacturing plant, has taken more than two years."

Modern Challenges

This investment is in line with Trinseo's global mission to find innovative solutions to the diverse challenges of our time. For a large number of our enthusiastic employees at Terneuzen Industrial Park, the relocation is also going to involve a significant switch. Not only in terms of subject matter expertise, but also with regard to the daily functioning of the job.

"The new factory offers many special features, which we have been working on for quite some time with an experienced team of Trinseo employees and contractors," Kempenaars said. "It's going to take some getting used to at times. At the same time, we would also like to emphasize that we are very positive about the opportunities offered by this general change."

New Location

The Trinseo site in Terneuzen is the Company's second largest location. Trinseo has 16 production sites and 11 R&D centers worldwide. Partly due to a lack of space for expansion at the Terneuzen Industrial Park, the company moved to its new location at the Mosselbanken in Hoek. The new compounding plant is in close vicinity to Trinseo's new R&D Center, which was officially opened in September 2017.

A major decisive advantage of the new location is the proximity to our storage and distribution partner Katoen Natie. This offers the possibility of optimizing the supply chain, which immediately results in an enormous reduction in the number of freight movements.

"The focus on sustainability is embedded in our corporate culture," Kempenaars said. "That is why we are passionate about creating the most innovative materials, technologies and solutions in this respect. A passion that is shared at all levels of the company. From the production floor to the board room."

Trinseo is one of the five largest employers in the Zeeuws-Vlaanderen region in The Netherlands, while globally the Company is active in investing in continuous improvement for the 2,500 employees. Just 10 years ago, Trinseo had 350 employees in Terneuzen. This number currently sits at 450 employees and is still growing.