A. Schulman to add fourth line to Sao Paulo masterbatch, engineered plastics plant for November start-up; new line to raise capacity by 8-10 million lbs./year to about 22-24 million lbs./year
April 14, 2011
– A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that it will add one manufacturing line in its Sao Paulo, Brazil plant to accommodate increased demand for the Company's masterbatch and engineered plastics products. The Company expects the line to be installed and operational by November 2011. A. Schulman acquired the plant as part of its October 18, 2010 purchase of Mash Compostos Plasticos, a masterbatch additive producer and engineered plastics compounder.
"As a result of the robust Brazilian market, which is being driven by packaging (food, medical, pharmaceutical), consumer goods and transportation, we are adding a fourth line to this facility to better serve customer demand," said Gustavo Perez, General Manager and Chief Operating Officer of the Americas. "We are pleased with the success of the Mash acquisition, and we plan to continue to grow our presence in South America, which offers outstanding strategic growth opportunities for A. Schulman as we expand our global footprint."
"Consumers in Brazil are demanding an ever-increasing level of sophisticated masterbatch and engineered plastics products. A. Schulman has the knowledge and expertise to satisfy those new customers and, moreover, improve the solutions that exist in our market," stated Sergio Dulcini, A. Schulman's General Manager of Brazil.
The type of line being installed at this facility can provide up to 8 million to 10 million pounds of annual capacity. Including this line, the plant will have a total annual capacity of approximately 22 million to 24 million pounds.
About A. Schulman, Inc.
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,900 people and has 33 manufacturing facilities in North America, South America, Europe and Asia. A. Schulman reported net sales of $1.6 billion for the fiscal year ended August 31, 2010.