Leading global provider of specialized polymer materials, services and solutions PolyOne Corporation, has completed the acquisition of the assets and operations of Ngai Hing PlastChem Company Ltd., the vinyl compounding subsidiary of Ngai Hing Hong Co. Ltd. This acquisition expands PolyOne's geographical reach and is inline with the company's globalization plans. A subsidiary of Ngai Hing Hong will hold a 5% interest in the new company that PolyOne will establish to conduct its vinyl compound business in Asia.
Included in the transaction is the transfer of a manufacturing facility in Dongguan, a city in the Guangdong province of southern China. This plant will be PolyOne's fourth manufacturing site in China.