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ColorMatrix announces expansion plans into Africa

ColorMatrix, a subsidiary of PolyOne Corporation, a leading innovator of liquid color and additives for plastics, has today announced plans to open a new facility in Africa and will be opened in CT in August 2012.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Jun. 26, 2012 - ColorMatrix, a subsidiary of PolyOne Corporation, a leading innovator of liquid color and additives for plastics, has today announced plans to open a new facility in Africa.  

The new facility, which will be located in the Montague Gardens industrial precinct in Cape Town, South Africa, is expected to open in August 2012 and will support customers throughout Africa. Services will include sales, technical support and an on-site color laboratory for rapid color development. The immediate focus of the operation will be to deepen support for customers who manufacture products such as PET containers for the beverage and personal care markets.

“ColorMatrix is dedicated to helping our customers grow and win by advancing the performance and value of polymer-based goods globally,” explains William Ravenna, ColorMatrix managing director for Europe, Middle East and African operations. “Opening this facility in Cape Town will provide us with a strong customer-focused presence in this important region.”

“When PolyOne acquired ColorMatrix last year, we committed to a global ‘invest to grow’ strategy that would add value to our customers and our shareholders. Our new facility in South Africa illustrates our commitment to this strategy,” said Robert M. Patterson, executive vice president and chief operating officer, PolyOne Corporation.  

“While these operations will initially focus on ColorMatrix products and services, this affords us an excellent foothold to leverage other PolyOne businesses and services throughout the region in the future,” Patterson added.

About PolyOne

PolyOne Corporation, with 2011 revenues of $2.9 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside Cleveland, Ohio USA, PolyOne has operations around the world. Consistent with the company’s strategy of specialty growth and global expansion, in December of 2011, PolyOne acquired ColorMatrix Group, Inc., a highly specialized company with a premier suite of additive technologies and a leading market position in liquid colorants. For additional information on PolyOne, visit our website at www.polyone.com.

To access PolyOne’s news library online, please visit www.polyone.com/news

South African office address:
Northern Precinct
East Building
Topaz Drive
Montague Park Industrial Precinct
Cape Town
South Africa

For a history of ColorMatrix, please visit: ColorMatrix Timeline

Media contacts

Peter Bredenkamp
Marketing Communications Specialist
PolyOne ColorMatrix
+44(0)7794 006170
peter.bredenkamp@polyone.com

Michelle Maniscalco
Marketing Communications Manager, North America
PolyOne Corporation
+1 440-930-1988
michelle.maniscalco@polyone.com

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Contact Email:
***@aimmarketing.co.za Email Verified
Source:www.polyone.com
Country:South Africa
Industry:Investment, Industrial
Tags:international, investment, plastics
Shortcut:prlog.org/11909030
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