PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced it will expand operations in India.
PolyOne has begun construction on a new state-of-the-art facility in Pune, India, that will manufacture specialty materials, including solid masterbatch, liquid colorant and additives. The facility will operate development labs and the sales and customer service center for the region, and it is expected to open in the first quarter of 2014.
"With advanced design capabilities and enhanced manufacturing flexibility, we will offer customers in India an even broader array of solutions and improved delivery times," said Vikas Vij, managing director for PolyOne's operations in India. "Demand for advanced specialty solutions in India is increasing - particularly in automotive, packaging, wire and cable and healthcare - and our expanded presence will position PolyOne exceptionally well to collaborate with and serve our customers."
Robert M. Patterson, executive vice president and chief operating officer, added, "Consistent with PolyOne's globalization strategy, our investment in India augments other recent announcements, including a new joint venture specialty colorant facility in Jeddah, Saudi Arabia, and plans to begin thermoplastic elastomer production in Sao Paulo, Brazil. PolyOne remains committed to making investments that allow us to innovate, collaborate and best serve our customers around the world."