PolyOne taking over PlastiComp
PolyOne, a global provider of specialised polymer materials, services and solutions, is taking over PlastiComp, an advanced engineered materials innovator and producer of specialty composites. PlastiComp's 50 employees and its design and production facility in Winona, Minnesota will join PolyOne as part of the Specialty Engineered Materials segment.
Founded in 2003 by industry veteran and composite pioneer Stephen Bowen, PlastiComp has steadily grown through its ability to replace metal and lightweight products with unique and complex long fibre technology (LFT) composite formulations. Inherent benefits of LFT-based materials include high strength and stiffness, design freedom, fatigue endurance, corrosion and wear resistance, EMI shielding, and recyclability.
Through its Complet product lines and design capabilities, the company serves global customers in a wide-range of demanding applications, including medical devices, robots and drones, marine, and outdoor high performance equipment.
"I'm thrilled to welcome Steve, the PlastiComp employees and their valued customers to the PolyOne team," said Robert M Patterson, chairman, president and CEO, PolyOne Corporation. "We are very excited to accelerate commercial and operational investments to further expand this important composite technology as part of our advanced composites portfolio."
"As we looked to take this business and our customers to the next level, PolyOne was the natural choice," said Bowen. "PolyOne's comprehensive approach to design, service and innovation in thermoplastics and composites will enable us to forge even further ahead with our LFT technology, and I'm excited that our teams have joined together in collaboration for the future." (SV)
Fibre2Fashion News Desk – India