Sector News

Categories

Borderless Insights

Image
Negotiating Terms with a New Employer
Image
Beyond Flowers and Platitudes: Reclaiming the Essence of International Women’s Day
Image
Visionary or ‘Stuck-in-the-Mud’? Where are you on Workplace Flexibility?

PolyOne closing Quebec plant, shifting production to Ohio

August 19, 2015
Energy & 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
 

comments closed

Related News

April 20, 2024

Borealis makes multi-million investment in Finnish cracker furnaces

Energy & Chemical Value Chain

The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.

Read more
April 20, 2024

BP cuts down leadership team to ten members

Energy & Chemical Value Chain

Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.

Read more
April 20, 2024

Versalis buys Italian compounder Tecnofilm

Energy & Chemical Value Chain

Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.

Read more
More news

How can we help you?

We're easy to reach