PolyOne Completes Acquisition of Ngai Hing PlastChem
Acquisition enhances globalization strategy
PolyOne Corporation announced that it has completed its previously announced acquisition of the assets and operations of Ngai Hing PlastChem Company Ltd., the vinyl compounding subsidiary of Ngai Hing Hong Company Limited. A subsidiary of Ngai Hing Hong will hold a 5% interest in the new company that PolyOne will establish to conduct its vinyl compound business in Asia.
This acquisition expands PolyOne's geographic footprint and is further testament to the company's globalization emphasis, one of the four key components of PolyOne's overall corporate strategy. Globalization moves PolyOne into high-growth markets where its customers are migrating, and positions the company to serve them with consistency everywhere in the world.
Included in the transaction is the transfer of a manufacturing facility in Dongguan, a city in the Guangdong province of southern China. This plant will be PolyOne's fourth manufacturing site in China; the other three make a broad array of specialty products for the business equipment, electrical, packaging and textile printing markets.
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