Recovery signs at PolyOne elastomers unit

By Patrick Raleigh ERJ On-line news editor

Cleveland, Ohio-PolyOne Corp.’s ‘for sale’ Elastomers & Performance Additives has posted a 1-percent increase in first quarter sales to $95 million, including a 16-percent rise in volumes. The unit’s profitability after special items also increased “on higher shipments to automotive accounts,” the company said 28 April.

Including one-off charges, PolyOne Elastomers & Performance Additives’ first quarter earnings came in at $7.8 million-5 percent lower than the same period last year. PolyOne listed charges totalling $5.5 million for the closure of…

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