A. Schulman Announces New Color Masterbatch Facility In China
OREANDA-NEWS. A. Schulman, Inc. (Nasdaq: SHLM), a leading international supplier of high-performance plastic compounds, powders and resins, today announced it has expanded its Masterbatch production capacity in China to serve growing demand in the region. The Company opened a new color Masterbatch facility in the Changshu High Tech Industrial Park CEDZ, Jiangsu, China. This will be the Company's second wholly-owned plant in China.
This new facility will produce A. Schulman's premium color additives for packaging, automotive, agricultural, sports, leisure & home customers in China and other growing markets throughout the Asia Pacific. The addition of this new facility strengthens A. Schulman's total solution offerings to the customers in the region.
"Today's opening signals a new chapter in our steadily growing presence in China and the surrounding region," said Derek Bristow, A. Schulman's senior vice president and general manager - Asia Pacific (APAC). "This new, state-of-the-art facility enables us to support the accelerating growth of our APAC customers with specialized advanced materials designed to meet their stringent specification requirements."
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 5,000 people and has 57 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.4 billion for the fiscal year ended August 31, 2015.