A Schulman to build $7.4m plant in Dongguan, China

15 July 2002 16:48  [Source: ICIS news]

HOUSTON (CNI)--Plastics compounder and resins maker A Schulman said Monday it will spend $7.4m (Euro7.4m) to build a manufacturing facility in Dongguan, China.

The Akron, Ohio-based company said in a statement the facility near Hong Kong is expected to be operational within 18-24 months.

Calls to the company seeking additional information were not immediately returned.

The initial manufacturing line will have an annual capacity of 18 148 tonne/year, the company said, and will produce products for Schulman's film, packaging and automotive markets in China.

Said Schulman: "Additional lines could be added in the future to capitalise on new business opportunities in the Chinese plastics market, which is growing approximately 20% annually."

A Schulman is an international supplier of high performance plastic compounds and resins.

By: Mike Sheridan
+1 713 525 2653

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