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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with