11.08.2016 • NewsElaine BurridgeassetsLatex

Trinseo Sells Brazilian Latex and PP Assets

Trinseo, formerly known as Styron, has agreed to sells its Brazilian latex binders and compounded PP businesses to Qoppar Participacoes, a holding company that manages industrial and chemical assets in the country. The sale includes a binders manufacturing plant in Guaruja and an automotive parts facility in Limao, as well as Trinseo’s laboratory assets, customer lists and contracts.

The US-based styrenics producer formerly part of Dow Chemical, said it was selling the businesses because it thought a Brazilian company such as Qoppar would be better positioned to unlock their full value. Styron itself lacks a sufficient footprint and critical mass to sustain operations in the region, due to currency challenges and the high complexity of doing business in Brazil, the company added.

Trinseo confirmed that it would continue to invest in its global latex and performance plastics businesses, as they remained of strategic importance. Financial details of the transaction, which is expected to complete in the fourth quarter, were not disclosed.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.