Trinseo banks on quality for sustained growth in China
New York-listed material solutions provider Trinseo is planning to ramp up production and sales in China through a new Acrylonitrile Butadiene Styrene (ABS) plant in Zhangjiagang, Jiangsu province and leveraging the growth opportunities from China's boost in consumption.
Tim Stedman, senior vice-president and head of plastics and feedstock division, Trinseo, said that the company hopes to grow in China in line with Made in China 2025 by providing materials solutions to Chinese manufacturers shifting to a quality-oriented growth strategy.
The US-based firm's products include plastics, latex binders and synthetic rubber, which are widely used in automotive, consumer electronics, appliances, medical devices, lighting, electrical equipment, carpets, paper and board, building and construction and tires. ABS is used in piping, automotive components, appliance components, components of business machines, telephones and electrical and electronic equipment.