PolyOne Corp. used Chinaplas to provide an update on recent investments and product introductions in China.
PolyOne officials outlined a two-pronged strategy of globalization and specialization as their foundation for future growth, with the firm's November acquisition of thermoplastic elastomer compounder GLS Corp. providing the template.
``The model of GLS is what PolyOne is driving to be,'' said Willie Chien, vice president and general manager in Asia for PolyOne's Color & Engineered Materials business, at an April 18 news conference at the trade show in Shanghai.
Chien clarified that the PVC compounding plant in Dongguan, China, PolyOne acquired from Hong Kong's Ngai Hing Hong Co. Ltd. in October 2006 is finally due for its official grand reopening in late May. Company officials said the plant has been modified to make different vinyl products and they referred to a ``complicated legal process'' slowing the transition. The site employs about 100.
And Chien reiterated PolyOne's previous statements about looking to expand further in Asia, with a particular interest in the Indian market. He said the firm is evaluating options and should provide an update soon.
Bio-based polymers also are key to PolyOne's specialization strategy. To that end, the firm emphasized products resulting from its three-year project with a Springfield, Ill.-based industrial design firm, Design Ideas Ltd.
Avon Lake, Ohio-based PolyOne developed the proprietary biopolymer compounds that Design Ideas uses to make its EcoGen-brand line of bathroom accessories. The compounds are based on the biodegradable polyhydroxybutyrate valerate copolymer sourced at least in part from Tianan Biologic Material Co. Ltd. in Ningbo, China.
The collection includes durable products such as toothbrush holders and soap dishes that normally are not associated with biopolymers. Design Ideas offers its EcoGen products, which are injection molded in China, in black, white, green and blue and introduced them at the recent Ambiente 2008 consumer goods fair in Frankfurt, Germany.
Also at Chinaplas, PolyOne highlighted some of its color and additives products, including:
* OnCap thermoplastic additive concentrates, designed to enhance part performance, improve manufacturing efficiency, reduce manufacturing downtime and enable smooth product transitions.
* OnColor PicoTint liquid colorants for clear engineering resins, which can be used in low let-down ratios of 0.25 percent or less.
* OnCap PlastOne additive concentrates, which can reduce cycle times, lower scrap rates and improve part aesthetics.
* Gravi-Tech polymer/metal composites, a high-performance alternative to lead and traditional metals in many nontraditional thermoplastic applications.
* Therma-Tech compounds, which aim to combine the heat-transfer and cooling capabilities of metals with the design freedom, weight reduction and cost advantages of thermoplastics.