Trinseo Plc Stock Price, News & Analysis

Trinseo (NYSE: TSE) has announced a quarterly dividend of $0.08 per share, payable on July 22, 2021, to shareholders on record by July 8, 2021. This dividend will incur a 15% withholding tax under Luxembourg law. The company emphasizes the importance of consulting with tax advisors to explore potential exemptions. With around $3.0 billion in net sales for 2020, Trinseo continues to focus on innovative and sustainable materials across various sectors, including automotive and medical devices.

Trinseo (NYSE: TSE) announces a definitive agreement to sell its synthetic rubber business in Schkopau, Germany, to Synthos S.A. for approximately $491 million. This includes $449.4 million in cash and $41.6 million in assumed pension liabilities. Expected net cash proceeds are around $400 million, post transaction costs. The deal is anticipated to close in 2022, subject to customary conditions and regulatory approvals. The divestiture aligns with Trinseo's transformation strategy toward high-margin specialty materials, enhancing financial flexibility and growth prospects.

Trinseo (NYSE: TSE) has launched its recycled polystyrene (rPS) for food contact applications, debuting the first yogurt pot made with 50% rPS in France. The STYRON™ CO₂RE™ CR55 Polystyrene Resin contains 55% recycled content and supports a circular economy. This initiative, a collaboration with Intraplàs, emphasizes the recyclability of polystyrene, allowing infinite reuse without loss of quality. Trinseo is also partnering with Styrenics Circular Solutions for a lifecycle assessment to illustrate the environmental benefits compared to traditional materials. Plans for a new recycling plant in Belgium are underway.

Trinseo (NYSE: TSE) has launched its first recycled polystyrene product, STYRON™ CO₂RE™ 687DI30, utilizing a new dissolution technology. This product contains 30% post-consumer recycled material and aims to support a circular economy by reducing waste. A lifecycle assessment revealed a 15% decrease in CO₂ emissions compared to traditional polystyrene. Trinseo is also planning to build a recycling plant in Belgium to enhance polystyrene feedstock supply in Europe, furthering its commitment to sustainable manufacturing and environmental impact.

Trinseo (TSE) reported its financial results for the three months ending March 31, 2021. The company demonstrated solid revenue performance, highlighting increased net sales compared to the same period last year. The net sales increase is attributed to higher demand and improved pricing strategies. Trinseo remains optimistic about future growth opportunities as the market rebounds. The press release indicates the company is well-positioned to capitalize on emerging trends in the industry.

Trinseo (NYSE: TSE) has completed its acquisition of Arkema’s polymethyl methacrylates (PMMA) business, enhancing its portfolio in sectors like automotive and medical. This move aims to facilitate Trinseo's transformation into a more sustainable, high-margin solutions provider and is expected to generate approximately $50 million in annual synergies. The acquisition includes 860 new employees and expands Trinseo's manufacturing and R&D capabilities across North America and Europe, laying a robust foundation for future growth.

Trinseo (NYSE: TSE) has partnered with ETB to develop bio-based 1,3-butadiene from ethanol, aiming to enhance sustainable material solutions. The collaboration will focus on scaling ETB's unique process for producing synthetic rubber for green tires. A feasibility study for a dedicated pilot plant in Europe will assess the viability of achieving a 99.7% purity. This initiative supports Trinseo's transformation into a sustainable solutions provider. Recently, Trinseo achieved International Sustainability and Carbon Certification and is pursuing collaborations to enhance circular feedstocks.

Trinseo (NYSE: TSE) will host a conference call on May 7, 2021, at 10 a.m. ET to discuss its Q1 2021 financial results. President Frank Bozich and CFO David Stasse will provide insights followed by a Q&A session. Interested participants can register for the call or listen via webcast available 20 minutes before. The financial results will be released on May 6, 2021, after market close, and will be accessible through the Company’s Investor Relations website. Trinseo reported approximately $3.0 billion in net sales for 2020.

Trinseo (NYSE: TSE) has announced the pricing of $450 million in senior notes due 2029 and $750 million in incremental term loan borrowings. Proceeds will fund the acquisition of Arkema S.A.'s PMMA and MMA business. The senior notes carry a 5.125% interest rate, maturing on April 1, 2029, while the term loan will bear LIBOR plus 2.50%, maturing in May 2028. Estimated annual cash interest is projected at $83 million. The transaction signifies Trinseo's strategic expansion and commitment to enhancing its market position.