Trinseo to Close German Polystyrene Plant and Consolidate Operations in Belgium

Reuters12-10
<a href="https://laohu8.com/S/TSE">Trinseo</a> to Close German Polystyrene Plant and Consolidate Operations in Belgium

Trinseo plc has announced a corporate reorganization involving the permanent closure of its polystyrene production operations in Schkopau, Germany, and the consolidation of remaining operations in Tessenderlo, Belgium. The restructuring plan, approved by the company's Board of Directors, is expected to result in pre-tax charges of $30 million to $40 million, including employee-related costs, asset-related charges, and expenses related to exiting production activities. Trinseo anticipates making cash payments of approximately $18 million to $24 million, with most payments completed by the end of 2028. The company expects the changes to begin in the fourth quarter of 2025 and be completed by the end of 2028, projecting an annualized profitability improvement of about $10 million starting in 2026.

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