Industry News

PolyOne Expands Global Footprint with Increased South American Presence

Published on 2007-05-09. Author : SpecialChem

CLEVELAND -- PolyOne Corporation (NYSE: POL) continues to expand its global footprint by increasing its manufacturing capacity, product line offerings and sales presence in the South American market. These are the Company's latest steps toward expanding its capabilities and presence in emerging markets around the world.

"PolyOne's increased activity in South America supports the needs of our growing global customer base and strengthens our partnerships around the world," said Dario Cardenas, general manager, Mexico and South America. "We are excited to pursue the new opportunities this market brings to PolyOne."

PolyOne has extended its South American business by executing several strategic initiatives, including:

  • The expansion of the Company's product offering within the region to include PolyOne's full line of OnColor™ colorants, OnCap™ additives, engineered materials including specialized compounds such as ECCOH™ low-smoke, free-of-halogen (LSFOH) products, and Wilflex™ screen printing inks.
  • An arrangement with Brazil-based Plásticos Novacor to manufacture several of the Company's engineered materials product lines, including Stat-Tech™ Electrically Conductive Compounds, Lubri-Tech™ Lubricated and Wear-Resistant Compounds, and EdgeTek™ Engineering Thermoplastic Compounds.
  • The launch and continued development of PolyOne's Campinas, Brazil facility, including a recent warehouse expansion.
    The continued support of S. A. Geon Polimeros Andinos, a 50/50 PVC-compounding joint venture with Petroquimica Colombia S.A. (Petco). The joint venture manages compounding facilities in Colombia and markets PVC compounds primarily to the Andean Pact nations: Bolivia, Colombia, Ecuador, Peru and Venezuela.
  • Directly or through its joint ventures, PolyOne now offers products extensively throughout South America, including Argentina, Brazil, Chile, Colombia, Peru, Uruguay and Venezuela. A core component of PolyOne's strategy is to expand its global presence. The Company has stated that by 2010, it expects to generate 30 percent of its revenues outside North America.

About PolyOne

PolyOne Corporation, with 2006 annual revenues of approximately $2.6 billion, is a leading global provider of specialized polymer materials, services and solutions. Headquartered in northeast Ohio, PolyOne has operations in North America, South America, Europe, Asia and Australia, and joint ventures in North America and South America.

Source: PolyOne Corporation

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