CLEVELAND (April 3)—PolyOne Corp. will close one-third of its 34 plastics-and-pigments North American manufacturing facilities by 2003 as part of an "asset reconfiguration" process, the company said in a statement. PolyOne wants to consolidate 12 plastics compounds and colors plants into remaining facilities to save $35 million to $50 million annually. The firm said the closings and consolidations are part of a reconfiguration of manufacturing assets from the August 2000 merger of M.A. Hanna Co. and the former Geon Co. into PolyOne. Facilities in Denver; Conroe, Texas; Glen Rock, Pa.; and San Fernando, Calif., were chosen Jan. 29 to close. The plants manufactured vinyl and engineered material compounds and color additives. About 65 employees at the four sites lost their jobs or offered positions at other plants, the company said. PolyOne has about 80 factories worldwide and 9,000 employees who manufacture plastic, vinyl and rubber compounds.
PolyOne to consolidate plastic-related plants
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