AKRON, Ohio, Oct. 18, 2016 /PRNewswire/ -- A. Schulman, Inc.
(Nasdaq-GS: SHLM), a leading international supplier of
high-performance plastic compounds and composites, today announced
that it will expand its compounding capacity with the addition of a
new sheet molding compound ("SMC") production line in Germany. The new line will be operational by
the end of 2017. Furthermore, in order to address increased demand
from its European-based customers prior to operation of the new
line, the Company has opened an inventory facility in Slovenia.
The new production line will allow A. Schulman to produce its
entire range of glass and carbon fiber sheet molding compounds in
Europe, including its Quantum
Engineered Structural Composites® portfolio. Quantum
products utilize glass and/or carbon fibers in combination with
advanced chemistry systems to meet the most challenging application
requirements in key markets such as automotive, aerospace and
energy. The Company recently announced Quantum Forged
Preg™, its next generation composite material that
utilizes continuous carbon fiber; designed for applications
requiring exceptional strength and stiffness while maintaining
high-end look and feel. The Company already produces bulk molding
compound ("BMC") in Germany, so
the expansion further enhances A. Schulman's approach of being a
complete composites solution provider worldwide.
"The additional compounding capacity will address the continued
growth in high-performance composites," said Frank Roederer, senior vice president and
general manager, U.S. and Canada
and Engineered Composites. "With this investment, A. Schulman is
offering standard formulations worldwide with the level of high
quality our customers have come to expect."
"This investment is indeed aligned with the expansion of our
product portfolio, and in particular with our focus on offering
carbon fiber Quantum technology in Europe to meet our customers' needs for light
weighting," added Mercedes Alonso,
managing director, Engineered Composites, Europe, Middle
East and Africa. "With an
output of up to 4,000 tons per year we are able to offer enough
capacity for years to come."
Earlier this year, the Company announced additional PPS
compounding capacity at its Kerpen engineered plastics plant in
Germany.
About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of
high-performance plastic compounds and resins headquartered
in Akron, Ohio. Since 1928, the Company has been
providing innovative solutions to meet its customers' demanding
requirements. The Company's customers span a wide range of markets
such as packaging, mobility, building & construction,
electronics & electrical, agriculture, personal care &
hygiene, sports, leisure & home, custom services and others.
The Company employs approximately 4,800 people and has 54
manufacturing facilities globally. A. Schulman reported
net sales of approximately $2.4 billion for the fiscal
year ended August 31, 2015. Additional information
about A. Schulman can be found at www.aschulman.com. For
high-resolution images, please visit our newsroom at
http://engineeredcomposites.aschulman.com/newsroom.
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SOURCE A. Schulman, Inc.