TSRC to Cease Compounding Materials Production in Binh Duong, Vietnam
Contact: Edward Wang
Taipei, Taiwan – Dec 06, 2024 – TSRC announced that it has decided to cease all production activities at its compounding materials plant located in Binh Duong, Vietnam by the end of 2024.
The decision follows a series of market evaluations and business improvement actions by TSRC for its subsidiary, TSRC Vietnam. TSRC will continue to provide high quality products and services from other existing compounding plants to its customers.
The Company will take necessary steps for the plant production cessation in compliance with local rules and regulations. This action is estimated to result in an impairment loss of NT$240 million, which will be reflected in the consolidated financial results in the fourth quarter of the fiscal year ending December 31, 2024.
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About TSRC
TSRC provides materials solutions of synthetic rubber (SR) and styrenic block copolymer (SBC) to customers in tires, footwear, plastic modifications, adhesives, and various specialty applications to make people’s everyday lives better, safer, healthier, and greener. Headquartered in Taiwan, TSRC operates its extensive production bases and commercial network to serve customers worldwide. TSRC’s shares are traded on the Taiwan Stock Exchanges under the ticker symbol “2103”. Find out more about TSRC, please visit https://www.tsrc.com.tw. For media inquiry, please contact spokesman@tsrc-global.com