CLEVELAND – In response to growing customer demand for metal replacement, PolyOne Corporation (NYSE: POL) is expanding capacity for its OnForce™ LFT long-fiber specialty thermoplastics. A new, dedicated specialty production line will be added at the company’s existing Avon Lake, Ohio, production facility and will be fully operational by the end of February 2015.
PolyOne’s robust glass- and carbon fiber-filled formulations retain aesthetic appeal in metal replacement and structural applications, while also offering higher stiffness, impact strength and surface finish than short-fiber filled materials.
“Demand continues to increase for lighter weight materials, and the products made from them. PolyOne has a proven track record of innovating and collaborating with our customers to develop specialty formulations that meet their specific performance needs,” said Craig Nikrant, president, Global Specialty Engineered Materials, PolyOne Corporation. “This investment is aligned with current megatrends to better serve our customers in North America across several industries, including transportation, consumer, and oil and gas.”
About PolyOne
PolyOne Corporation, with 2014 revenues of $3.8 billion, is a premier provider of specialized polymer materials, services and solutions. The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. Guided by its Core Values, Sustainability Promise and No Surprises PledgeSM, PolyOne is committed to its customers, employees, communities and shareholders through ethical, sustainable and fiscally responsible principles. For more information, visit www.polyone.com.
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Investor contact:
Eric Swanson
Director, Investor Relations
PolyOne Corporation
+1 440-930-1018
eric.swanson@avient.com
Media contact:
Kyle Rose
Vice President, Corporate Communications
PolyOne Corporation
+1 440-930-3162
kyle.rose@avient.com
Trade Media contact:
Michelle Maniscalco
Marketing Communications Manager, North America
PolyOne Corporation
+1 440-930-1988
michelle.maniscalco@avient.com
