PolyOne Introduces Geon Performance Polymers Segment
Tuesday April 15, 8:50 am ET
CLEVELAND, April 15 /PRNewswire-FirstCall/ -- PolyOne Corporation, a leading global provider of specialized polymer materials, services and solutions, announced today that Geon Performance Polymers is the new name for the Company's Vinyl Business segment. This business group will continue to report to Robert M. Rosenau, senior vice president and general manager.
"PolyOne's Geon Performance Polymers platform builds upon Geon's tremendous global brand recognition and represents quality and value to our customers," said Stephen D. Newlin, chairman, president and chief executive officer. "In addition, this re-branding of our vinyl group underpins the transformation toward performance and specialty solutions that has occurred at PolyOne over the last two years. PolyOne's ability to understand customer needs and provide value-added solutions is unmatched in our industry. Our heritage of performance and unparalleled service capabilities enables our customers to more profitably run their businesses, enter new markets and grow."
Led by a veteran, talented team, PolyOne's Geon Performance Polymers business is working to capitalize on specialty applications such as unique surface finishes and colors for appliances, heat-resistant compounds used to replace copper in plumbing and industrial uses, high-performance commercial graphic films, protective coatings for rigid food packaging, and various healthcare applications in the wound care and medical devices segments.
"This name change recognizes our differentiation from the competition, and is another positive example of PolyOne's evolution," said Rosenau. "We continue to strengthen the long-term value proposition of this business and position ourselves to grow from a more stable foundation."
The Geon Performance Polymers segment includes Geon(TM) Compounds, which is the new name for PolyOne's Vinyl Compounds business, as well as Specialty Coatings and Resins. PolyOne's other reportable segments are: Specialty Engineered Materials; International Color and Engineered Materials; PolyOne Distribution; and Resin and Intermediates. All Other comprises the North American Color and Additives, Producer Services, and Specialty Inks and Polymer Systems operating segments.
PolyOne Corporation, with annual revenues of more than $2.7 billion, is a leading global provider of specialized polymer materials, services and solutions. Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around the globe.
Source: PolyOne Corporation
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