Trinseo SA is advising its customers to increase inventory in advance of the United Kingdom's withdrawal from the European Union — better known as Brexit — set for March 29.
In a statement issued Dec. 10, the company said it was working with customers and suppliers to prepare for the potential implications of Brexit.
The company also recommended that customers place their orders “in time” to allow for the planning of production capacity and supply chain support.
Citing news reports, Berwyn, Pa.-based Trinseo said shipping and transport, customs clearance and potential regulatory changes could be factors disrupting normal business, particularly around the planned Brexit transition date.
“The situation remains dynamic, and while we are unable to make definitive predictions on the exact implications of the Brexit transition on our customers’ business processes, we are ready to work together to mitigate risks of disruption,” the Trinseo statement noted.
The company expects to be able to supply customers without interruption during the coming months, with no shutdowns planned due to Brexit.
Trinseo said all its manufacturing operations in Europe are expected to continue normal operations during the Brexit transition period. Trinseo does not own any U.K. manufacturing operations.
Trinseo said it had assessed its supplier base for raw materials originating from the U.K. and was implementing plans to “minimize” any risk of disruption.