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Benzinga

Business

Akanksha Bakshi

Trinseo Shuts Italian Plants, Suspends Dividend To Cut Costs

Trinseo TSE Europe

Risk, Business,Investor,Analyzing,A,Valuation,Data,Forecast,A,Investment,Project.

Trinseo PLC (NYSE:TSE) announced new restructuring actions on Monday aimed at improving profitability and cash flow as the specialty materials company faces prolonged challenges in Europe’s chemical sector.

The company will permanently shut down its methyl methacrylate (MMA) operations in Rho, Italy, and its acetone cyanohydrin (ACH) production in Porto Marghera, Italy.

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