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，公司将合并其工程材料、塑料解决方案和聚苯乙烯业务的管理，导致由于业务管理角色和支持功能的整合而减少劳动力。
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.
这些行动始于2024年第三季度，预计将在2025年底前基本完成。预期的年化节约成本为3000万美元，其中约2500万美元将在2025年实现，全面运行率预计将在2026年底实现。
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，公司决定退出其Stade工厂的聚碳酸酯原料生产，经与相关工会商讨后做出此决定。预计生产将于2025年1月结束，裁员和相关福利支付预计将在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.
一旦运营停止，公司所有聚碳酸酯下游、差异化混合产品的需求将从外部供应商购买，包括其许可方，除了基于溶解的聚碳酸酯生产。这种采购变更预计将使年化运行率盈利能力提高1500万至2000万美元，相对于在Stade制造。
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.
公司预计将录得总计2300万至2800万美元的税前重组费用，主要包括2200万至2600万美元的裁员和相关福利成本，以及100万至200万美元的与资产相关和合同终止费用，主要涉及德国Stade的聚碳酸酯原料制造工厂。