2008-07-15
PolyOne announces formation of PolyOne Polymers India Pvt. Ltd.
PolyOne Corporation (NYSE: POL), a premier provider of
specialized polymer materials, services and solutions, announced today that it has formed
PolyOne Polymers India Pvt. Ltd. to import, manufacture and sell PolyOne products in India and
neighboring markets.
The Company’s new production and lab facility, which will be located in Mumbai, India, provides
strategic regional access to many large OEMs and polymer processors. Construction at the
facility is expected to begin later this year, and color masterbatch production lines and a color
lab are scheduled to commence operations in 2009. The facility will also include administrative
offices for PolyOne Polymers India, which is led by Tushar Parida, managing director.
“This new manufacturing facility and color lab will help ensure responsiveness to customer
needs by providing locally available materials and rapid turnarounds,” Parida said. “PolyOne’s
initial focus in India will be on producing colorants and providing technical support. Once that
foundation is established, we will work with India’s key OEMs to gain specification for PolyOne’s
full bundle of materials and services, which include color and additives; specialty engineered
materials; thermoplastic elastomers (TPEs); low smoke and fume, zero halogen compounds
(LSFOH); and other specialized products.”
“Expanding our presence in India is an important milestone in the implementation of the
globalization and specialization components of PolyOne’s strategy.” said Willie Chien, vice
president and general manager, PolyOne Asia.
Information about the company: Avient Sweden AB
