A Schulman Inc. plans to expand its North American Polybatch® manufacturing operations with a new plant at the site of its existing distribution warehouse in Akron, Ohio. With the setting up of this plant, the company plans to attain a leadership position for Polybatch® in USA akin to its position in Europe and Mexico.
A. Schulman will receive financial incentives from the City of Akron, Summit County and the State of Ohio. The site has served as a manufacturing facility for other A. Schulman products in the past, and was the Company's first plant when it opened in 1929. The Company has used it solely as a warehouse for its distribution business since November 2000. The distribution operations will continue at the site.
"Our decision to invest in this facility is in line with our overall strategy to maximize the use of our existing assets," Gingo said. "With the building and infrastructure already in place, we expect the conversion to be quick and manufacturing to begin at the site by October 2008."
A. Schulman's Polybatch product line consists of specialized, high-tech additives for polypropylene, film, extrusion, injection molding and thermoforming applications, primarily in the packaging market. The additives enhance the performance of customers' products with features such as antibacterial, antifogging and antistatic properties, easy-open packaging, and cling and foaming agents.
About A. Schulman
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,200 people and has 16 manufacturing facilities in North America and Europe (including Asia). Revenues for the fiscal year ended August 31, 2007, were $1.8 billion.