October, 29 (chemie.de) -- A. Schulman, Inc. announced it plans to
establish a masterbatch facility in western India to better serve its
customers in the region, which is a key geographic growth market for A.
Schulman. A specific location for the facility has not yet been
determined.
The facility initially will consist of one line and will manufacture
the Company’s masterbatch products which serve the packaging, appliance
and consumer products markets. Its capacity is projected to be
approximately 12 million pounds per year, and production is expected to
begin within the next 12 months.
"In line with our strategic direction, we are continuing our geographic
expansion in growing markets across Asia,” said Joseph M. Gingo,
Chairman, President and Chief Executive Officer. "The new plant, which
will be our third manufacturing facility in Asia, will increase our
capability to serve our growing customer base in this attractive market
and will be another step in our progress toward becoming the number-one
global manufacturer in the masterbatch market.”
mrcplast.com
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