A. SCHULMAN
UK masterbatch capacity to move from UK to Belgium and France / Specialty focus for Crumlin site
As part of a move to realign its European production structure, A. Schulman (Akron, Ohio; www.aschulman.com) is closing several materbatch lines at its Crumlin site in Wales / UK and moving 10,000 t/y of capacity to larger, more cost-efficient sites at Bornem / Belgium and Givet / France. Some 30 jobs will be eliminated at Crumlin.

Schulman will convert the UK site to produce smaller lots of colour and other speciality compounds for the local market. As part of the upgrade, the company has invested USD 1.2m in a versatile continuous mixer for speciality masterbatch products at Crumlin. The company expects a total after-tax benefit of around USD 800,000 to USD 1m from the realignment after booking restructuring charges of around USD 600,000. In its report on the fiscal third quarter, Schulman said its strong earnings performance in fiscal year 2010 has been driven primarily by cost-reduction actions and improved mix as well as the “steadily recovering marketplace."
02.09.2010 Plasteurope.com [217183]
Published on 02.09.2010
A. Schulman: Werk in Wales wird umstrukturiertGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 26.11.2024 12:48:55   (Ref: 701367866)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp