PolyOne (POL) Announces Plans For New Facility in South Africa

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PolyOne Corporation (NYSE: POL) announced plans to open a new facility in South Africa. Located in the Montague Gardens industrial precinct in Cape Town, the facility will serve customers throughout Africa.

Leveraging newly acquired ColorMatrix technology, PolyOne will initially supply liquid colorants, additives and dosing equipment, which are used by customers who manufacture products such as PET containers for the beverage and personal care markets. The facility is expected to open in August 2012, providing services such as sales, technical support and rapid color development through the on-site color laboratory.

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