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New Full-Line Production Facility in Shenzhen, China Boosts PolyOne’s Manufacturing Capacity and Service Area

Published on 2005-06-23. Author : SpecialChem

GUANGZHOU -- PolyOne Corporation (NYSE: POL) officially announced the opening of its new manufacturing facility in Shenzhen, South China at a press conference during Chinaplas 2005, Asia's No. 1 Exhibition for the plastics and rubber industries. The new 65,000-square-foot plant will have an annual capacity of approximately 10,000 tons.

The new facility, which started production at the end of May 2005, is one of the first plants within PolyOne to manufacture a broad range of products at one location including Color & Additives Masterbatches, Engineered Materials, and Polymer Coating Systems.

Strategically located in Shenzhen, the facility will also allow PolyOne to serve the South China region more efficiently. With sales growing steadily in this area, the Company decided to take an important step to develop a production site, providing shorter lead times and better accessibility to technical service for local customers. In addition, a new advanced technical center for Asia will be located at Shenzhen. The well-equipped laboratory will also specialize in the development of new products to meet specific local demands.

"Currently 4 percent of our company's total revenue comes from Asia, but we are confident that this figure will grow considerably in the coming years," said Bernard Baert, vice president of PolyOne's international operations. "With an increasing number of our global customers implanting in China, and with a plastics market growth of 10 to 15 percent, China will continue to be a growth engine for PolyOne."

"The new Shenzhen plant demonstrates our continuous commitment to China," added Mr. Say Eng Lee, general manager for PolyOne's color business in Asia. "The strengthening of PolyOne's position in Asia is in line with the global strategy to serve customers worldwide with the same high quality products and services. We will continue to develop ourselves and provide customers with a 'one-stop' total polymer processing solution."

About PolyOne

PolyOne Corporation, with 2004 annual revenues of $2.2 billion, is a leading global compounding and North American distribution company with continuing operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, and thermoplastic resin distribution. Headquartered in northeast Ohio, PolyOne has employees at manufacturing sites in North America, Europe, Asia and Australia, and joint ventures in North America and South America.

Source: PolyOne Corporation

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