A. Schulman to Consolidate North American Engineering Plastics Business; Revises Earnings Guidance

A. Schulman says it plans to close its engineering plastics plant at Nashville, TN and consolidate manufacturing to its remaining North American manufacturing sites in a move to realign its engineered plastics business to better meet the requirements of compounding market.     “We have taken several actions over the past few years to replicate our profitable European engineered plastics business model in North America by eliminating U.S. commodity capacity and shifting our focus to more profitable technical compounds,” says Joseph Gingo...

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