PolyOne to Expand in South Africa

PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, today announced plans to open a new facility in South Africa. Located in the Montague Gardens industrial precinct in Cape Town, the facility will serve customers throughout Africa.

Leveraging newly acquired ColorMatrix technology, PolyOne will initially supply liquid colorants, additives and dosing equipment, which are used by customers who manufacture products such as PET containers for the beverage and personal care markets. The facility is expected to open in August 2012, providing services such as sales, technical support and rapid color development through the on-site color laboratory.

“When we acquired ColorMatrix last year, we committed to a global ‘invest to grow’ strategy that would add value to our customers and our shareholders. Our new facility in South Africa illustrates our commitment to this strategy,” said Robert M. Patterson, executive vice president and chief operating officer, PolyOne Corporation.
“While our operations will initially focus on ColorMatrix products and services, this affords us an excellent foothold to leverage other PolyOne businesses and services throughout the region in the future,” Patterson added.

PolyOne Corporation, with 2011 revenues of $2.9 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside Cleveland, Ohio USA, PolyOne has operations around the world. Consistent with the company’s strategy of specialty growth and global expansion, in December of 2011, PolyOne acquired ColorMatrix Group, Inc., a highly specialized company with a premier suite of additive technologies and a leading market position in liquid colorants.

Source: PolyOne