Home Latest News & Insights TRINSEO CONSIDERS NETHERLANDS STYRENE PLANT CLOSURE

TRINSEO CONSIDERS NETHERLANDS STYRENE PLANT CLOSURE

August 7, 2023
Tinseo restructuring

Trinseo considers Netherlands styrene closure. The company has commenced discussions regarding the potential closure of its styrene plant in Terneuzen, the Netherlands.

The decision comes amid a 38% decrease in polystyrene (PS) net sales in Q2 versus last year and a broader restructuring initiative by the company.

If closed, Trinseo will obtain styrene through external purchases, abandoning in-house production.

This move is part of an ongoing response to lower sales volume and weaker economic conditions.

Other restructuring plans include the optimization of the Europe PMMA sheet network and operating cost reductions.

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