PolyOne to expand via ColorMatrix in Africa
By PolyOne Corp.
ColorMatrix, a subsidiary of PolyOne Corp., and a leading innovator of liquid color and additives for plastics, have announced plans to open a new facility in Africa.
The new facility, which will be located in the Montague Gardens industrial precinct in Cape Town, South Africa, is expected to open in August 2012 and will support customers throughout Africa. Services will include sales, technical support and an on-site color laboratory for rapid color development. The immediate focus of the operation will be to deepen support for customers who manufacture products such as PET containers for the beverage and personal care markets.
“ColorMatrix is dedicated to helping our customers grow and win by advancing the performance and value of polymer-based goods globally,” explains William Ravenna, ColorMatrix managing director for Europe, Middle East and African operations. “Opening this facility in Cape Town will provide us with a strong customer-focused presence in this important region.”
“When PolyOne 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 these 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, 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. For additional information on PolyOne, visit our website at www.polyone.com.
SOURCE: PolyOne Corp.