Omnova plans to relocate company's headquarters

Mike McNulty
RUBBER & PLASTICS NEWS

Published: September 18, 2013 12:19 pm ET
Updated: September 18, 2013 12:23 pm ET

Related to this story

Topics Film & Sheet
Companies & Associations Omnova Solutions Inc.

FAIRLAWN, OHIO — After months of speculation, Omnova Solutions Inc. has made it official: it is moving its headquarters from Fairlawn to Beachwood, Ohio.

The company had received approval from Beachwood's council and the city's school board in separate meetings to proceed with a project to acquire 8.5 acres where it will build a 57,000-square-foot facility. The property allows room for future expansion on the site, the firm said.

Omnova, which has been looking at possible new locations for its headquarters for two years, had been leasing a building in Fairlawn that has been serving as its headquarters for a number of years. The lease runs out in 2014.

The company expects to begin building the new site this fall and continue construction during the winter. It plans to move to the new complex in late 2014.

"It is important to stay in Northeast Ohio, Chairman and CEO Kevin McMullen said in a prepared statement. "We strongly believe in the region's talented people and vast resources, which will be catalysts for the growth of our company."

He said the Beachwood site is a vibrant corporate setting and is a "perfect spot to build our future."

McMullen said the new location provides Omnova with the opportunity to broaden its footprint and brand image in Northeast Ohio; offers outstanding amenities for employees; has easy access to highways, airports, educational institutions and communities in Northeast Ohio; and gives it the ability to build a facility suited to the firm's current and future needs while lowering costs.


Comments

Omnova plans to relocate company's headquarters

Mike McNulty
RUBBER & PLASTICS NEWS

Published: September 18, 2013 12:19 pm ET
Updated: September 18, 2013 12:23 pm ET

Post Your Comments


Back to story


More stories

Image

Bankruptcy court confirms GSE reorganization plan

July 29, 2014 4:01 pm ET

The U.S. Bankruptcy Court in Wilmington, Del., has confirmed the reorganization plan for geomembranes maker GSE Environmental Inc.    More

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Beer maker Carlsberg enlists suppliers for 'upcycling' project

July 22, 2014 11:14 am ET

Carlsberg Breweries A/S in Denmark has started an ambitious project with its suppliers to optimize its packaging for the purpose of “upcycling.&...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events