Skip to main content
Sister Publication Links
  • Sustainable Plastics
  • Rubber News
Subscribe
  • Sign Up Free
  • Login
  • Subscribe
  • News
    • Processor News
    • Suppliers
    • More News
    • Digital Edition
    • End Markets
    • Special Reports
    • Newsletters
    • Resin pricing news
    • Videos
    • Injection Molding
    • Blow Molding
    • Film & Sheet
    • Pipe/Profile/Tubing
    • Rotomolding
    • Thermoforming
    • Recycling
    • Machinery
    • Materials
    • Molds/Tooling
    • Product news
    • Design
    • K Show
    • Mergers & Acquisitions
    • Sustainability
    • Public Policy
    • Material Insights Videos
    • Numbers that Matter
    • Automotive
    • Packaging
    • Medical
    • Consumer Products
    • Construction
    • Processor of the Year
    • Best Places to Work
    • Women Breaking the Mold
    • Rising Stars
    • Diversity
    • Most Interesting Social Media Accounts in Plastics
  • Opinion
    • The Plastics Blog
    • Kickstart
    • One Good Resin
    • Pellets and Politics
    • All Things Data
    • Viewpoint
    • From Pillar to Post
    • Perspective
    • Mailbag
    • Fake Plastic Trees
  • Shop Floor
    • Blending
    • Compounding
    • Drying
    • Injection Molding
    • Purging
    • Robotics
    • Size Reduction
    • Structural Foam
    • Tooling
    • Training
  • Events
    • K Show Livestream
    • Plastics News Events
    • Industry Events
    • Injection Molding & Design Expo
    • Livestreams/Webinars
    • Editorial Livestreams
    • Ask the Expert
    • Plastics News Events Library
    • Processor of the Year submissions
    • Plastics News Executive Forum
    • Injection Molding & Design Expo
    • Plastics News Caps & Closures
    • Women Breaking the Mold Networking Forum
    • Plastics in Automotive
    • PN Live: Mergers and Acquisitions
    • Polymer Points Live
    • Numbers that Matter Live
    • Plastics in Politics Live
    • Sustainable Plastics Live
    • Plastics Caps & Closures Library
    • Plastics in Healthcare Library
    • Women Breaking the Mold Networking Forum Library
  • Rankings & Data
    • Injection Molders
    • Blow Molders
    • Film Sheet
    • Thermoformers
    • Pipe Profile Tubing
    • Rotomolders
    • Mold/Toolmakers
    • LSR Processors
    • Recyclers
    • Compounders - List
    • Association - List
    • Plastic Lumber - List
    • All
  • Directory
  • Resin Prices
    • Commodity TPs
    • High Temp TPs
    • ETPs
    • Thermosets
    • Recycled Plastics
    • Historic Commodity Thermoplastics
    • Historic High Temp Thermoplastics
    • Historic Engineering Thermoplastics
    • Historic Thermosets
    • Historic Recycled Plastics
  • Custom
    • Sponsored Content
    • LS Mtron Sponsored Content
    • Conair Sponsored Content
    • KraussMaffei Sponsored Content
    • ENGEL Sponsored Content
    • White Papers
    • Classifieds
    • Place an Ad
    • Sign up for Early Classified
MENU
Breadcrumb
  1. Home
  2. News
February 15, 2022 04:01 PM

Chemours, Trinseo, Huntsman see big sales improvements in 2021

Frank Esposito
Senior Staff Reporter
Plastics News Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Bozich-main_i.jpg

    Bozich

    Add Chemours Co., Trinseo and Huntsman Corp. to the list of plastics-related firms that did well financially in 2021.

    Wilmington, Del-based Chemours saw sales for the year jump 26 percent to $6.3 billion, with profit almost tripling to $608 million. Plastics-related products made by Chemours include fluoropolymers, fluoroelastomers and titanium dioxide, a common plastics whitener.

    Chemours' Titanium Technologies unit, including TiO2, saw sales grow almost 42 percent to $3.4 billion. Sales at the firm's Advanced Performance Materials unit, including fluoropolymers, were up 27 percent to $1.4 billion.

    "The work our teams have done, and the results we have delivered in 2021, built the momentum for stronger results in 2022," President and CEO Mark Newman said in a news release. "Our outlook reflects our belief in a continued economic recovery from the challenges caused by the global pandemic and a normalization of supply chains early in 2022."

    At Berwyn, Pa.-based Trinseo, 2021 sales soared almost 78 percent to $4.8 billion, as profit from continuing operations increased more than four times to $280 million.

    Sales in Trinseo's Base Plastics unit, including polycarbonate and ABS, were up 63 percent to $1.5 billion. The firm's polystyrene unit — not including its Americas Styrenics joint venture — saw sales growth of 60 percent to $1.1 billion. Trinseo's Engineered Materials group, including acrylic resin and sheet, had sales increase almost four times to $755 million.

    Trinseo had an incredibly busy year in 2021. In November, the firm announced plans to sell its PS unit, including resin and feedstocks. That sale would include PS units in Belgium, Germany, Hong Kong and Indonesia and styrene monomer units in Germany and the Netherlands.

    The sale also will include AmSty, Trinseo's 50-50 joint venture with Chevron Phillips Chemical Co. AmSty operates five PS resin plants in the U.S., as well as one in Colombia and a stryrene monomer unit in St. James, La.

    Trinseo also made two major acquisitions in 2021, buying acquired acrylic sheet maker Aristech Surfaces LLC of Florence, Ky., for $445 million and acquiring Dutch plastic waste collection and recycling company Heathland BV for an undisclosed price.

    "We closed out 2021 with healthy earnings and strong cash generation despite significant external headwinds," President and CEO Frank Bozich said in a news release. "2021 was a significant year for Trinseo, as we took meaningful steps toward transforming into a specialty materials and sustainable solutions provider."

    For Huntsman, based in The Woodlands, Texas, 2021 brought sales of $8.5 billion, up almost 42 percent vs. 2020, and profit of $1.1 billion, up four percent.

    The firm's polyurethanes business saw sales grow almost 39 percent to just over $5 billion. That unit's adjusted EBITDA soared 86 percent to $879 million for the year.

    "We concluded 2021 with the best year in our history with our current portfolio of businesses," Chairman, President and CEO Peter Huntsman said in a news release. He added that in 2022, the firm will complete its MDI splitter project in Geismar, La., and will expand its differentiated PU business in the Americas.

    Huntsman also will continue to invest in projects for electric vehicle batteries, semi-conductors and PU catalysts. "We are now a focused, differentiated chemical company with a strong balance sheet providing financial flexibility to grow the company through organic investments and select bolt-on M&A," Huntsman said.

    RECOMMENDED FOR YOU
    Mattress maker Purple continues fight against takeover
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]

    Most Popular
    1
    Redline's ‘outrageous cultural behaviors' retain top employees
    2
    Cuts at KraussMaffei to spare US, assembly jobs
    3
    M. Holland, Lavergne strike deal on recycled resin distribution
    4
    K'Nex Brands sold to Florida-based toy company
    5
    PureCycle now planning April startup for PP recycling plant
    SIGN UP FOR OUR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Plastics News delivered straight to your inbox, free of charge.

    Subscribe today

    Subscribe to Plastics News

    Subscribe now
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter
    • Instagram

    Plastics News covers the business of the global plastics industry. We report news, gather data and deliver timely information that provides our readers with a competitive advantage.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI 48207-2997

    Customer Service:
    877-320-1723

    Resources
    • About
    • Staff
    • Editorial Calendar
    • Media Kit
    • Data Store
    • Digital Edition
    • Custom Content
    • People
    • Contact
    • Careers
    • Sitemap
    Related Crain Publications
    • Sustainable Plastics
    • Rubber News
    • Tire Business
    • Urethanes Technology
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Processor News
        • Injection Molding
        • Blow Molding
        • Film & Sheet
        • Pipe/Profile/Tubing
        • Rotomolding
        • Thermoforming
        • Recycling
      • Suppliers
        • Machinery
        • Materials
        • Molds/Tooling
        • Product news
        • Design
      • More News
        • K Show
        • Mergers & Acquisitions
        • Sustainability
        • Public Policy
        • Material Insights Videos
        • Numbers that Matter
      • Digital Edition
      • End Markets
        • Automotive
        • Packaging
        • Medical
        • Consumer Products
        • Construction
      • Special Reports
        • Processor of the Year
        • Best Places to Work
        • Women Breaking the Mold
        • Rising Stars
        • Diversity
        • Most Interesting Social Media Accounts in Plastics
      • Newsletters
      • Resin pricing news
      • Videos
    • Opinion
      • The Plastics Blog
      • Kickstart
      • One Good Resin
      • Pellets and Politics
      • All Things Data
      • Viewpoint
      • From Pillar to Post
      • Perspective
      • Mailbag
      • Fake Plastic Trees
    • Shop Floor
      • Blending
      • Compounding
      • Drying
      • Injection Molding
      • Purging
      • Robotics
      • Size Reduction
      • Structural Foam
      • Tooling
      • Training
    • Events
      • K Show Livestream
      • Plastics News Events
        • Plastics News Executive Forum
        • Injection Molding & Design Expo
        • Plastics News Caps & Closures
        • Women Breaking the Mold Networking Forum
        • Plastics in Automotive
      • Industry Events
      • Injection Molding & Design Expo
      • Livestreams/Webinars
        • PN Live: Mergers and Acquisitions
      • Editorial Livestreams
        • Polymer Points Live
        • Numbers that Matter Live
        • Plastics in Politics Live
        • Sustainable Plastics Live
      • Ask the Expert
      • Plastics News Events Library
        • Plastics Caps & Closures Library
        • Plastics in Healthcare Library
        • Women Breaking the Mold Networking Forum Library
      • Processor of the Year submissions
    • Rankings & Data
      • Injection Molders
      • Blow Molders
      • Film Sheet
      • Thermoformers
      • Pipe Profile Tubing
      • Rotomolders
      • Mold/Toolmakers
      • LSR Processors
      • Recyclers
      • Compounders - List
      • Association - List
      • Plastic Lumber - List
      • All
    • Directory
    • Resin Prices
      • Commodity TPs
        • Historic Commodity Thermoplastics
      • High Temp TPs
        • Historic High Temp Thermoplastics
      • ETPs
        • Historic Engineering Thermoplastics
      • Thermosets
        • Historic Thermosets
      • Recycled Plastics
        • Historic Recycled Plastics
    • Custom
      • Sponsored Content
      • LS Mtron Sponsored Content
      • Conair Sponsored Content
      • KraussMaffei Sponsored Content
      • ENGEL Sponsored Content
      • White Papers
      • Classifieds
        • Place an Ad
        • Sign up for Early Classified