10 April 2013

PolyOne and Juffali Open New Production Facility in Jeddah, Saudi Arabia

Cleveland – 09 April 2013 - PolyOne Corporation announced that Juffali PolyOne Masterbatch Co. Ltd., a joint venture between PolyOne Corporation and E.A. Juffali & Brothers Limited, has opened their new production facility in Jeddah, Kingdom of Saudi Arabia. The new facility is focused on the production of specialty color concentrates and has the potential for expansion into other product lines in future phases. 

PolyOne Corporation, with 2012 revenues of $3.0 billion, is a premier provider of specialized polymer materials, services and solutions. The opening of the new production facility is a logical extension of nearly 30 years of cooperation between the two companies, which became even stronger in October of 2011, when PolyOne and Juffali announced formation of the Juffali PolyOne Masterbatch joint venture. Juffali brings its local expertise in the region to the venture, and PolyOne provides its formulation technology and material science

Stephen D. Newlin, chairman, president and chief executive officer, PolyOne Corporation, commented, "The official opening of our new production facility in Jeddah solidifies our ability to bring enhanced value and improved collaboration for our current and future customers. This is yet another great example of our 'invest to grow' strategy, which has proven to add value for our customers, shareholders and associates." 

Walid Juffali, chairman of E.A. Juffali & Brothers, agreed, adding, "My company has a respected history in the region, and we are happy to have taken this important next step in our long and successful cooperation with PolyOne. Launching this new facility is a tremendous accomplishment, and our customers in the region will benefit greatly from our efforts." 

E.A. Juffali & Brothers Company Limited is an established conglomerate in Saudi Arabia participating in numerous joint venture relationships with multi-national companies who are leaders in their respective industries such as Dow Chemical and other leading global companies. 

Source: PolyOne Corporation /PRNewswire-FirstCall