Styron (company)

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Styron
Corporation
Traded as NYSE: TSE
Industry Manufacturing
Founded 2010
Headquarters Berwyn, PA, United States,
Products polystyrene, copolymers (ABS, SAN), polycarbonate, compounds & blends and expanded polystyrene, styrene, latex, low cis/high cis polybutadiene rubber, cold polymerized emulsion styrene butadiene rubber, solution styrene butadiene rubber
Website Styron

Company Profile

Styron is a plastics, rubber, and latex company owned by Bain Capital. Christopher D. Pappas is the current President and CEO.[1] Styron changed its name to Trinseo in 2012[2] but will continue to operate as “Styron” until all businesses have completed the change of name.[3] Its products primarily serve the automotive, appliances, packaging, electronics, paper & board, carpet, and tire industries, among others.[4] It was formed in August 2009 when Dow Chemical Company combined several of its businesses--styrenics; polycarbonate and compounds & blends; Dow Automotive plastics; emulsion polymers (paper and carpet latex); and synthetic rubber[5]—for the purpose of selling them.[6] Several private equity firms bid on Styron, including TPG Capital, Apollo Management, and Lotte Group.[7][8] On March 2, 2010, Bain Capital announced that it would purchase the newly formed company for $1.63 billion,[9] with Dow retaining a 7.5% stake. The sale was finalized in June 2010.[10]

Styron's annual revenue is approximately $5.54 billion.[11] Styron was the #67 ranked chemical company globally in 2011, posting sales of $6.193B.[12] Styron also owns a 50% stake in North American polystyrene producer American Styrenics LLC, a joint venture based in the Woodlands, Tex.[13]

Styron comprises approximately 2,100 employees[14] in 30 countries.[2] Styron is headquartered in Berwyn, Pennsylvania.[14] Styron’s IPO debuted on June 12, 2014, listed as NYSE: TSE reflecting its name change to Trinseo. All shares were sold in the offering,[15] and raised over $190 million.[16]

Products and Applications

  • Styron produces polystyrene co-polymers (ABS, SAN) and expanded polystyrene primarily used in packaging, food applications and home appliances.[17][18][19]
  • Styron produces styrene butadiene latex, which is applied as a coating on coated paper.[20]
  • Styron produces functionalized solution styrene butadiene rubber (SSBR) for use in high performance tires, and opened a new 50,000 metric ton production unit for production of SSBR in Schkopau, Germany in late 2012.[21] Styron also produces polycarbonate compounds and blends primarily used in automotive applications, medical devices and LED lighting.[22]
  • Styron's LGF polypropylene resin was instrumental in Ford Motor Company's development of an innovative headlamp bracket, which was awarded a 2012 Society of Plastics Engineers Innovation for Safety Award, and Styron's material solutions have also contributed to the design of the first, "thermoplastic lift-gate solution" in the new Renault Clio.[23]

See also

References

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