January 30, 2014
A. Schulman Inc. announced today the start-up of a new manufacturing plant in Akron, Ohio. The facility expands the Company's production capacity for its Polybatch(R) high-performance additive business in North America aimed at the film and packaging markets. The Company received financial incentives from the City of Akron, Summit County and the State of Ohio. The plant will initially provide approximately 20 new jobs in the area.
"Our vision is to become the leading global supplier of polymer additives and color concentrates. This major investment - particularly in today's unstable economic environment - underscores our commitment to growth and providing new product innovations and process support to our customers," said Joseph M. Gingo, Chairman, President and Chief Executive Officer.
As announced August 20, 2008, the plant is at the site of A. Schulman's existing distribution warehouse in Akron, where the Company's first plant was located when it opened in 1929. The facility features two new production lines, a research and development laboratory and pilot lines for three-layer blown and cast films for product evaluation and development programs with customers. The state-of-the-art extrusion lines incorporate Schulman-developed designs to capitalize on technical innovations made by its European and Mexican operations.
Source: A. Schulman, Inc.
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