A. Schulman to increase capacity for color masterbatches in Europe
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A. Schulman Inc. (Nasdaq-GS: SHLM), a leading international supplier of high-performance plastic compounds, powders, composites and resins, announced that it will increase its production capacity for color masterbatches in Europe.
A. Schulman is at the forefront of the production of standard and customized color masterbatches. The Company has manufacturing plants for color masterbatches across strategic countries in Europe, as well as several competence centers where color masterbatches for very demanding applications can be developed. Due to increased market demand, A. Schulman will add three additional extruders in their facilities in Hungary, Italy and Poland.
"A. Schulman is committed to continue investments in our color facilities", says Andrzej Rozalski, Vice President Custom Concentrates and Services EMEA. "We combine our technical expertise in color masterbatches with increased capacity, which enables us to service our customers even faster and better."
"Colored masterbatches see increased demand across the European region and we want to be part of it", says Heinrich Lingnau, Senior Vice President and General Manager Europe, Middle East and Africa. "The expansion of our production lines in Poland, Italy and Hungary are the third significant investment that we are making in our masterbatch manufacturing sites in the last months."
A. Schulman previously announced major investments new masterbatch plants in Changshu, China and Istanbul, Turkey.
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 4,800 people and has 54 manufacturing facilities globally.
