Trinseo Provides Update Regarding COVID-19 Pandemic; Withdraws Full-Year 2020 Financial Guidance
Trinseo PLC Ordinary Shares (TSE)
Last trinseo plc ordinary shares earnings: 2/6 04:15 pm
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Source: Business Wire
BERWYN, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders, and synthetic rubber, today provided details on its strong financial position and actions it is taking in response to the COVID-19 pandemic.Frank Bozich, President and Chief Executive Officer of Trinseo, commented, “As the coronavirus pandemic has spread from China and Asia, to Europe and the Americas, Trinseo has been actively responding through our crisis management plan and adjusting our business operations accordingly. We are taking decisive action to adapt to the current conditions and are implementing a wide array of safeguards to protect the health of our people. We continue to monitor the situation daily and will take further action as needed.”Financial and Operational UpdateWith a strong start to the year in January and February, weaker business conditions started to emerge in mid-March, particularly in the automotive and tire markets. However, there
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