Sector News

PolyOne closing Quebec plant, shifting production to Ohio

August 19, 2015
Chemical Value Chain
PolyOne Corp. is closing a plant in Quebec and adding capacity at a plant in Ohio as it continues to integrate the assets of Spartech Corp.
 
PolyOne’s sheet and rollstock plant in Granby, Quebec, will close, with production shifting to other PolyOne plants, officials said in an Aug. 18 news release from the Avon Lake, Ohio-based firm.
 
The Quebec closing will result in 70 job cuts and is expected to be completed by the end of the year.
 
Capacity will be added at PolyOne’s sheet plant in Greenville, Ohio. Those moves will include the addition of glycol-modified PET and Royalite-brand sheet production beginning in 2016.
 
Both plants are part of PolyOne’s Designed Structures & Solutions unit, which includes the sheet business that the firm acquired when it bought Spartech Corp. for almost $400 million in early 2013. The sheet business ranked 14th in the most recent Plastics News ranking of North American film and sheet manufacturers.
 
But the business has faced some challenges since the acquisition. Several plants already had been closed, and the unit’s sales for the first half of 2015 were down 32 percent compared to the year-ago period.
 
In May, specialty chemicals veteran Richard Altice was hired to lead the DS&S unit, replacing Julie McAlindon.
 
“Compared to the early part of the year, our recent performance in key metrics such as on-time delivery and scrap rates is improving,” Altice said in the Aug. 18 release. “I’m encouraged by our team’s initiative, our customer interactions and new business gains.”
 
By Frank Esposito
 

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