PolyOne plans expansions in China

Compounder PolyOne Corp. will expand its China operations within the year.

At an event marking the Avon Lake, Ohio-based company’s 10th year of operations in China, Willie Chien, general manager Asia Pacific, said the company is adding a research and service center in northeastern China.

Chien also gave an update on PolyOne’s previously announced plan to buy a PVC compounding plant from Hong Kong-based Ngai Hing Hong Co. Ltd. He said the acquisition will be completed by the end of March.

With a capacity of about 15,000 to 20,000 metric tons per year, the Ngai Hing Hong facility in Dongguan will complement PolyOne’s Shenzhen facility. PolyOne will expand the Dongguan plant’s capacity after the acquisition.

While a site has not been chosen for the research and service center, Chien said likely locations included Tianjin or Changchun, Jilin. Customers based in China’s northeast account for about 20 percent of PolyOne’s sales in China, he added.

PolyOne has three sites in China, in Shenzhen, Suzhou and Shanghai. The China operations accounted for about half of PolyOne’s Asia sales in 2006, which totaled US$130 million (1.04 billion yuan).

PolyOne is the largest plastics compounder in North America, and it also leads the region in PVC compound production. The firm posted sales of about US$2.5 billion (20.5 billion yuan) in 2005.




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