PolyOne to Build Plant in Poland

PolyOne Corp., a plastic compounder and resin distributor, said Thursday that to meet growing customer demand in Central Europe, it will build a manufacturing facility in Kutno, Poland.

Products made at this site initially will include color masterbatches for extrusion and molding processors. PolyOne expects construction to be completed by first-quarter 2007, with production and sales beginning immediately thereafter.

"The Kutno facility will allow us to serve the needs of the rapidly growing market in Poland, as well as to provide strong partnering support for our existing European customers who are establishing their own manufacturing sites in Central and Eastern Europe," said Bernard Baert, vice president and general manager, international colors and engineered materials.

The new plant will be PolyOne's second manufacturing facility in Central Europe. The company opened its first facility in Gyor, Hungary, in 1998. PolyOne also has sales offices in Kraków, Poland, and Prague, Czech Republic.

PolyOne shares rose 30 cents, or nearly 4 percent, to $8.08 in morning trading on the New York Stock Exchange.

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