PR Juffali PolyOne Masterbatch opening
PR Juffali PolyOne Masterbatch opening PR Juffali PolyOne Masterbatch opening
NEWS RELEASE FOR IMMEDIATE RELEASE PolyOne and Joint Venture Partner Juffali Open Specialty Colorant Facility in Jeddah, Saudi Arabia CLEVELAND – April 9, 2013 – PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced that Juffali PolyOne Masterbatch Co. Ltd., a joint venture between PolyOne Corporation and E.A. Juffali & Brothers Limited, has opened their new production facility in Jeddah, Kingdom of Saudi Arabia. This new facility will help customers in the Middle East innovate and grow via local access to world-class specialty polymer colorants. The opening of the new production facility is a logical extension of nearly 30 years of cooperation between the two companies, which became even stronger in October of 2011, when PolyOne and Juffali announced formation of the Juffali PolyOne Masterbatch joint venture. Juffali brings its local expertise in the region to the venture, and PolyOne provides its formulation technology and material science. The opening of this new facility was celebrated today in Jeddah with customers, local officials and senior leadership of both joint venture partner companies. Stephen D. Newlin, chairman, president and chief executive officer, PolyOne Corporation, commented, “The official opening of our new production facility in Jeddah solidifies our ability to bring enhanced value and improved collaboration for our current and future customers. This is yet another great example of our „invest to grow‟ strategy, which has proven to add value for our customers, shareholders and associates.” Walid Juffali, chairman of E.A. Juffali & Brothers, agreed, adding, “My company has a respected history in the region, and we are happy to have taken this important next step in our long and successful cooperation with PolyOne. Launching this new facility is a tremendous accomplishment, and our customers in the region will benefit greatly from our efforts.” The new facility is focused on the production of specialty color concentrates and has the potential for expansion into other product lines in future phases. About PolyOne
NEWS RELEASE<br />
FOR IMMEDIATE RELEASE<br />
<strong>PolyOne</strong> and Joint Venture Partner <strong>Juffali</strong> Open<br />
Specialty Colorant Facility in Jeddah, Saudi Arabia<br />
CLEVELAND – April 9, 2013 – <strong>PolyOne</strong> Corporation (NYSE: POL), a premier<br />
global provider of specialized polymer materials, services and solutions, today<br />
announced that <strong>Juffali</strong> <strong>PolyOne</strong> <strong>Masterbatch</strong> Co. Ltd., a joint venture between<br />
<strong>PolyOne</strong> Corporation and E.A. <strong>Juffali</strong> & Brothers Limited, has opened their new<br />
production facility in Jeddah, Kingdom of Saudi Arabia. This new facility will help<br />
customers in the Middle East innovate and grow via local access to world-class<br />
specialty polymer colorants.<br />
The <strong>opening</strong> of the new production facility is a logical extension of nearly 30 years<br />
of cooperation between the two companies, which became even stronger in<br />
October of 2011, when <strong>PolyOne</strong> and <strong>Juffali</strong> announced formation of the <strong>Juffali</strong><br />
<strong>PolyOne</strong> <strong>Masterbatch</strong> joint venture. <strong>Juffali</strong> brings its local expertise in the region<br />
to the venture, and <strong>PolyOne</strong> provides its formulation technology and material<br />
science. The <strong>opening</strong> of this new facility was celebrated today in Jeddah with<br />
customers, local officials and senior leadership of both joint venture partner<br />
companies.<br />
Stephen D. Newlin, chairman, president and chief executive officer, <strong>PolyOne</strong><br />
Corporation, commented, “The official <strong>opening</strong> of our new production facility in<br />
Jeddah solidifies our ability to bring enhanced value and improved collaboration<br />
for our current and future customers. This is yet another great example of our<br />
„invest to grow‟ strategy, which has proven to add value for our customers,<br />
shareholders and associates.”<br />
Walid <strong>Juffali</strong>, chairman of E.A. <strong>Juffali</strong> & Brothers, agreed, adding, “My company<br />
has a respected history in the region, and we are happy to have taken this<br />
important next step in our long and successful cooperation with <strong>PolyOne</strong>.<br />
Launching this new facility is a tremendous accomplishment, and our customers<br />
in the region will benefit greatly from our efforts.”<br />
The new facility is focused on the production of specialty color concentrates and<br />
has the potential for expansion into other product lines in future phases.<br />
About <strong>PolyOne</strong>
<strong>PolyOne</strong> Corporation, with 2012 revenues of $3.0 billion, is a premier provider of<br />
specialized polymer materials, services and solutions. The company is dedicated<br />
to serving customers in diverse industries around the globe, by creating value<br />
through collaboration, innovation and an unwavering commitment to excellence.<br />
Guided by its Core Values, Sustainability Promise and No Surprises Pledge SM ,<br />
<strong>PolyOne</strong> is committed to its customers, employees, communities and<br />
shareholders through ethical, sustainable and fiscally responsible principles. For<br />
more information, visit www.polyone.com.<br />
About E.A. <strong>Juffali</strong> & Brothers Company Limited<br />
E.A. <strong>Juffali</strong> & Brothers Company Limited is an established conglomerate in Saudi<br />
Arabia participating in numerous joint venture relationships with multi-national<br />
companies who are leaders in their respective industries such as Dow Chemical<br />
and other leading global companies. For more information, visit www.eajb.com.<br />
# # #<br />
To access <strong>PolyOne</strong>‟s news library online, please go to www.polyone.com/news.<br />
Investor contact:<br />
Isaac DeLuca<br />
Vice President, Planning and Investor Relations<br />
<strong>PolyOne</strong> Corporation<br />
+1 440-930-1226<br />
isaac.deluca@polyone.com<br />
Media contact:<br />
Kyle Rose<br />
Director, Corporate Communications<br />
<strong>PolyOne</strong> Corporation<br />
+1 440-930-3162<br />
kyle.rose@polyone.com
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