Sector News

A. Schulman To Move European Shared Service Center To Poland

May 5, 2015
Chemical Value Chain
/PRNewswire/ – A. Schulman, Inc. (Nasdaq: SHLM), a leading international supplier of high-performance plastic compounds, powders and resins, announced today plans to move its EMEA (“Europe, Middle East, and Africa”) shared service center to Poznan, Poland from Londerzeel, Belgium. Plans call for this phased relocation to be completed by May 2016. The Company anticipates the cost of this action to be approximately €7 million over the next 12 months and is expected to generate annual savings of approximately €5 million by fiscal 2017, when fully implemented.
 
“The decision to relocate our shared service center is in line with our ongoing cost control initiatives and our strategy to prudently and proactively manage the business by better balancing market trends and macroeconomic conditions,” said Heinrich Lingnau, vice president and general manager, EMEA. “This organizational realignment decision was made after several months of careful consultation and a close examination of all alternatives. This action will enable us to enhance service levels to our customers and improve our cost structure; however, we understand that this decision will impact our teams and we are working diligently to support the transition of associates directly affected by this strategic decision.”
 
“Our operations in Poland are strong and growing. This action will not only benefit the region but will help to further develop our team in the country and leverage our previous success,” stated Isabel Casimiro, finance director, EMEA. 
 
Source: A. Schulman, Inc. 

Related News

June 13, 2021

Husky Injection Molding Systems teams up with Chem-Trend to slash color change times

Chemical Value Chain

Industrial technology provider Husky Injection Molding Systems is partnering with injection molding specialist Chem-Trend to design a color change system for packaging manufacturers to ensure repeatability and a more optimized and accurate process.

June 13, 2021

MOL Group to acquire OMV’s business in Slovenia

Chemical Value Chain

The agreement encompasses 120 filling stations, as well as OMV’s wholesale business in Slovenia. The transaction is subject to required regulatory approvals and closing is expected in 2022.

June 13, 2021

The biodegradable battery – an ecological miracle

Chemical Value Chain

Xavier Aeby and Gustav Nyström from Empa’s Cellulose & Wood Materials lab invented a fully printed biodegradable battery made from cellulose and other non-toxic components.

Send this to a friend