A. Schulman To Expand Its Existing Compounding Capabilities For Highly Specialized Engineering Plastics including PPS Compounds
OREANDA-NEWS. A. Schulman Inc. (Nasdaq-GS: SHLM), a leading international supplier of high-performance plastic compounds, composites, powders and resins, today announced that it has expanded its existing compounding capacity by adding two new production lines at the Kerpen plant in Germany. In addition to the two twin screw extruders, the Company has invested in a fully automatic packaging line.
"The additional compounding capacity will address the continued growth in high-performance compounds," said Heinrich Lingnau, Senior Vice President and General Manager Europe, Middle East and Africa, A. Schulman. "With this investment A. Schulman is supporting the increasing customer demand for current and future developments in the automotive as well as electrical & electronics markets."
"This investment is indeed aligned with the expansion of our product portfolio, and in particular with the production of our new range of Ecotran® PPS compounds," added Horst Klink, Vice President Engineering Plastics, EMEA. "In addition, it will increase our flexibility in production to better serve our customers with tailor-made specialty compounds."
Earlier in 2015, the Company announced additional PET compounding capacity at its Bornem masterbatch plant in Belgium.
About A. Schulman, Inc.
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 58 manufacturing facilities globally. A. Schulman reported net sales of approximately $2.4 billion for the fiscal year ended August 31, 2015.