A. Schulman Closes Plants in Italy and Australia

A. Schulman will close a plant in Italy, and consolidate operations in Australia in a move aimed at reducing costs. Schulman says it will transfer specialty powders production from Verolanuova, Italy to Gorla Maggiore, Italy by early 2012. The company says it will move production from its Breaside, Australia specialty powders plant to other facilities in the region. A total of 40-60 jobs will be eliminated because of the plant closures in Italy and Australia, and the closures will result in total non-operating charges of $10 million-$12 million during the next...

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