Trinseo Plans Restructuring Initiatives For Longer-Term Growth, Improved Profitability And Increased Cash Generation; To Exit Virgin Polycarbonate Production At Its Stade, Germany Production Facility
Trinseo Plans Restructuring Initiatives For Longer-Term Growth, Improved Profitability And Increased Cash Generation; To Exit Virgin Polycarbonate Production At Its Stade, Germany Production Facility
Once operations have ceased, all the Company's polycarbonate needs for its downstream, differentiated compounded products will be purchased from external suppliers, including its licensees, with the exception of its dissolution-based polycarbonate production. This purchasing change is expected to result in an annualized run rate profitability improvement of $15 million to $20 million relative to manufacturing at Stade.Effective October 1, 2024, the Company is combining the management of its Engineered Materials, Plastics Solutions and Polystyrene businesses, resulting in a reduction in workforce due to the consolidation of business management roles and support functions.
自2024年10月1日起，公司將合併其工程材料、塑料解決方案和聚苯乙烯業務的管理，導致由於業務管理角色和支持功能的整合而減少勞動力。
These actions began in the third quarter of 2024 and are anticipated to be substantially complete by the end of 2025. The expected annualized run rate cost savings is $30 million with approximately $25 million realized in 2025 and the full run rate achieved by the end of 2026.
這些行動始於2024年第三季度，預計將在2025年底前基本完成。預期的年化節約成本爲3000萬美元，其中約2500萬美元將在2025年實現，全面運行率預計將在2026年底實現。
Additionally, the Company has decided to exit virgin polycarbonate production at its Stade, Germany production facility following discussions with the relevant works councils. Production is anticipated to end by January 2025 with severance and related benefit payments expected to complete by the end of 2026.
此外，公司決定退出其Stade工廠的聚碳酸酯原料生產，經與相關工會商討後做出此決定。預計生產將於2025年1月結束，裁員和相關福利支付預計將在2026年底前完成。
Once operations have ceased, all the Company's polycarbonate needs for its downstream, differentiated compounded products will be purchased from external suppliers, including its licensees, with the exception of its dissolution-based polycarbonate production. This purchasing change is expected to result in an annualized run rate profitability improvement of $15 million to $20 million relative to manufacturing at Stade.
一旦運營停止，公司所有聚碳酸酯下游、差異化混合產品的需求將從外部供應商購買，包括其許可方，除了基於溶解的聚碳酸酯生產。這種採購變更預計將使年化運行率盈利能力提高1500萬至2000萬美元，相對於在Stade製造。
The Company expects to record total pre-tax restructuring charges of $23 million to $28 million, principally comprised of $22 million to $26 million of severance and related benefit costs and $1 million to $2 million of asset-related and contract termination charges, primarily related to the virgin polycarbonate manufacturing site in Stade, Germany.
公司預計將錄得總計2300萬至2800萬美元的稅前重組費用，主要包括2200萬至2600萬美元的裁員和相關福利成本，以及100萬至200萬美元的與資產相關和合同終止費用，主要涉及德國Stade的聚碳酸酯原料製造工廠。
