New PolyOne Shanghai center to focus on speed-to-market in Asia

Rachel Abbey McCafferty
CRAIN'S CLEVELAND BUSINESS

Published: April 23, 2014 11:07 am ET
Updated: April 23, 2014 11:17 am ET

Related to this story

Topics Materials, Materials Suppliers, China, Asia
Companies & Associations PolyOne Corp.

PolyOne Corp. is expanding in China.

The company, based in Avon Lake, Ohio, said in an April 21 news release that it is creating a new “Innovation Center” in Shanghai. The center will focus on research and development in PolyOne’s Specialty Engineered Materials business segment. It is expected to open in the fourth quarter of 2014.

The company said the center will “facilitate collaboration, accelerate application development and increase speed-to-market for customers in the Asia Pacific region."

In the release, Robert M. Patterson, PolyOne’s executive vice president and chief operating officer, commented on the company’s recent growth in Asia.

“In 2013, we delivered record revenues and operating income in Asia,” Patterson said. “Our ‘invest to grow’ strategy in the region is clearly working, and our new Innovation Center is yet another step in what we expect will be continued growth for our customers and PolyOne.”

PolyOne in March named Patterson its next president and CEO. Patterson will succeed Stephen D. Newlin, and the transition will take place on May 15. In the news release about the CEO transition, PolyOne highlighted Patterson’s work for the company in Asia, noting that he oversaw the growth initiatives there.


Comments

New PolyOne Shanghai center to focus on speed-to-market in Asia

Rachel Abbey McCafferty
CRAIN'S CLEVELAND BUSINESS

Published: April 23, 2014 11:07 am ET
Updated: April 23, 2014 11:17 am ET

Post Your Comments


Back to story


More stories

Image

Blow molding machinery maker opens first plant in Taiwan

October 1, 2014 1:27 pm ET

Taiwanese equipment maker Kin Precision Industry Co. Ltd. has opened a 2,000-square-meter, 25-employee factory in Taichung, Taiwan, with an eye to...    More

Image

Global Plastics Summit puts PE prices in the spotlight

October 1, 2014 3:17 pm ET

Product manufacturers may start to shift away from polyethylene because of high prices, according to two major plastics processors.    More

Image

Nucleation offers solution to shrinkage in HDPE closures

October 1, 2014 1:57 pm ET

For caps producers, nucleation can provide a practical solution to eliminate shrinkage variations in high density polyethylene beverage closures....    More

Image

Dow loses appeal in price fixing case

October 1, 2014 11:10 am ET

The Reuters press agency reports that a federal appeals court in Denver has rejected Dow Chemical Co.'s attempt to overturn a $1.06 billion fine...    More

Image

German auto supplier Benecke-Kaliko to build second plant in China

October 1, 2014 10:24 am ET

German auto supplier Benecke-Kaliko AG is set to build its second Chinese facility, in Changzhou, to produce surface materials for automotive interior...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events