Geon Performance Solutions has released its environmental, social and governance (ESG) report for 2023, showing strong performance in recycling and related areas.
"We are committed to creating a better shared future for our people, the communities in which we operate, our customers and our planet," officials with Westlake, Ohio-based Geon said in the report. In 2023, the firm recycled 69 percent of waste generated and decreased its waste-to-landfill rate by 16 percent when compared with 2022.
The report "illustrates how we bring our sustainability strategy to life for our associates, customers and community," officials said. It was prepared using Global Reporting Initiative (GRI) standards as guidance.
"I am particularly proud of our company's resiliency and of what our employees achieved in 2023," CEO Tracy Garrison said in the report. "Amid a year of slower macroeconomic growth and rising costs, we blocked out the noise and improved our enterprise month after month."
Earlier this year, Geon completed a $1.3 million increase in compounding capacity in Ramos Arizpe, Mexico. That project added a production line and upgraded existing polyolefin compounding. The expansion of the 20,000-square-foot plant added more than 120 million pounds of annual production capacity.
In late 2023, Geon acquired PolymaxTPE, a maker of thermoplastic elastomers with operations in China and the U.S.
Geon is owned by investment firm SK Capital Partners. The 1,000-employee firm has annual sales of around $1.2 billion and includes one of North America's largest PVC compounding businesses.
