PolyOne Strengthens Commitment to Colorants Customers with Selection of Centers of Excellence

06-Aug-2001

The world's largest polymer services provider, PolyOne Corporation (NYSE: POL), announced today that it will establish eight Centers of Manufacturing Excellence (CMEs) to expand production capacity, enhance rapid response capabilities, and ensure reliable service and delivery to its colorants and additive customers.

PolyOne plans to invest $18 million to create the CMEs at eight of its twelve existing colorants manufacturing plants, where the Company will install new equipment and production lines. CMEs will be technology driven and customer focused, and will expand PolyOne's overall colorants production capacity by about 15 percent.

PolyOne's colorants business mixes color concentrates and additives for a variety of polymers to satisfy stringent customer requirements for coloration and special color effects.

Squeezing nanocrystals in a liquid droplet into a solid-like state and back again

Read news

The colorants CME designations represent PolyOne's latest move to deliver on its pledge to modernize the North American operations of its largest business unit, Plastic Compounds and Colors (PCC).

Chairman and Chief Executive Officer Thomas A. Waltermire said today's announcement "makes it clear that we are moving aggressively to invest in our colorants manufacturing assets to achieve the three customer-focused goals we set for ourselves: superior-quality products, unparalleled customer service and state-of-the-art manufacturing capabilities.

"PolyOne has the leading position in the North American colorants market," Waltermire said. "With this investment, we are ensuring that our customers will fully benefit from the reliable service and delivery performance of the leading supplier in their industry. We want our colorants customers to feel great about doing business with PolyOne, with every order, everyday."

Customer Needs Drives CME Strategy

With more colorants manufacturing centers in North America than any other company has, PolyOne will be equipped to meet all current product needs of its customers. The CME network will have surplus production capacity to allow for growth and rapid response on special orders.

Moreover, PolyOne has developed a strategic focus for each of its colorants CMEs that is unique in the industry, with individual sites focusing on specific products, markets served, and geographic response. This approach will drive technology and equipment investments.

https://www.chemeurope.com/en/news/4168/polyone-strengthens-commitment-to-colorants-customers-with-selection-of-centers-of-excellence.html