October 23, 2013, Cleveland, USA – PolyOne, the world's leading provider of specialty polymer materials, services and solutions (NYSE: POL), announced that it will expand its operations in India.
A PolyOne new production facility equipped with state-of-the-art facilities has been officially launched in Pune, India. Upon completion, it will produce specialty materials including solid masterbatches, liquid colorants and additives. The production base will have R&D laboratories and regional sales and customer service centers. It is expected to be completed and put into operation in the first quarter of 2014.
“With its strong design strength and high production flexibility, we will be able to offer a wide range of solutions and a highly competitive delivery cycle for Indian customers,†said Vikas Vij, Puli Wan India Operations Director. “The demand for advanced specialty materials solutions in the Indian market is on the rise – demand for products from the automotive, packaging, wire and Cable and healthcare industries is particularly evident. Our growing influence will enable PolyOne to collaborate with customers in depth. And provide a solid foundation for providing quality products and services."
Robert M. Patterson, Executive Vice President and Chief Operating Officer of PolyOne, added: “Our investment activities in India are in full compliance with PolyOne’s global strategic objectives and reaffirm the other major decisions recently announced by the company, including Jeddah, Saudi Arabia, set up a new joint venture specializing in specialty colorants and plans to start production of thermoplastic elastomers in Sao Paulo, Brazil. PolyOne is committed to helping us innovate, grow and provide with our global customers. Investment activities for first class services."
(This article is a copy of Pu Liwan)
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