PolyOne Corporation (NYSE: POL), a leading global provider of specialty polymer materials, services and solutions, continues to take strategic integration actions with the former Spartech business to improve service, quality and on-time delivery to customers. The company is further realigning assets and investing in commercial and operational excellence initiatives to streamline production and gain efficiencies.
PolyOne continues to make investments in new equipment, information systems and processes at several DSS manufacturing plants. Examples include further capacity improvement and technology expansion planned for its Greenville, Ohio facility with the addition of new specialty PETG and Royalite™ sheet manufacturing lines in 2016, and increasing prototyping capability at its St. Louis Innovation Center to help accelerate the design and formulation process for customers.
In addition, PolyOne today commenced the closure of its Granby, Quebec, Canada facility and will shift production to other existing sheet and rollstock facilities within the company's manufacturing network.
"A core focus in transforming DSS is aligning our manufacturing assets with the voice of the customer while continually making investments for the future," said Robert M. Patterson, president and chief executive officer, PolyOne Corporation. "Our latest actions provide a more streamlined and sustainable manufacturing footprint from which we can better serve our customers. At the same time, we're also investing in our operations and commercial capabilities consistent with what is required to drive specialty transformation within DSS and achieve our 2020 Platinum Vision."
Rich Altice, president, Designed Structures and Solutions, PolyOne Corporation, stressed that DSS continues to focus on the same four-pillar strategy that originally transformed PolyOne Corporation into a specialty company.
"Compared to the early part of the year, our recent performance in key metrics such as on-time delivery and scrap rates is improving, and our Lean Six Sigma based process improvements have gained traction." said Mr. Altice. "I'm encouraged by our team's initiative, our customer interactions and new business gains, as well as the cross-business unit activity within PolyOne to help us grow within the specialty space."
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