A. Schulman Inc. has added a pair of new production lines and a fully automated packaging line at its plant in Kerpen, Germany.
Both of the production lines use twin-screw extruders, officials with Fairlawn, Ohio-based Schulman said in a Feb. 8 news release. The additional compounding capacity “will address continued growth in high-performance compounds,” said Senior Vice President Heinrich Lingnau.
The investment also supports increasing customer demand in the automotive and electrical and electronic markets, added Lingnau, who also serves as general manager of the Europe, Middle East and Africa region for Schulman.
“This investment is aligned with the expansion of our product portfolio, and in particular with production of our new range of Ecotran [polyphenylene sulfide] compounds,” he said.
Schulman ranks as a leading compounder and concentrate maker in both North America and Europe, as well as a leading European resin distributor. The firm employs 5,000 worldwide and posted sales of $2.4 billion in it 2015 fiscal year.
By Frank Esposito
Source: Plastics News
Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.
Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.
