A. Schulman: Closes Invision Sheet Manufacture in Ohio
A. Schulman, Inc. is going to cease the operation of its Invision sheet production line at its Sharon Center, Ohio, USA manufacturing facility, by the end of the fourth quarter of fiscal year 2009. A total of four positions will be eliminated at the plant related to Invision sheet production.
A. Schulman had been seeking a strategic partner or acquirer for its Invision sheet business but could not reach an agreement that was satisfactory to the company. A. Schulman will continue to offer Invision resins, technologies and services to sheet and thermoforming customers through its North American Engineerd Plastics business, but will no longer manufacture Invision sheet. A core group will be maintained to support sheet color matching, new product development, process development, and licensing for the ongoing portion of the business.
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