PolyOne has begun building a new facility in Pune, India, that will manufacture specialty materials, including solid masterbatch, liquid colorant and additives, the company said on Thursday.
"With advanced design capabilities and enhanced manufacturing flexibility, we will offer customers in India an even broader array of solutions and improved delivery times," said Vikas Vij, managing director for PolyOne's operations in India.
"Demand for advanced specialty solutions in India is increasing -- particularly in automotive, packaging, wire and cable and healthcare -- and our expanded presence will position PolyOne exceptionally well to collaborate with and serve our customers," he added.
The facility will operate development labs and the sales and customer service center for the region. It is expected to open in the first quarter of 2014.
"Consistent with PolyOne's globalization strategy, our investment in India augments other recent announcements, including a new joint venture specialty colorant facility in Jeddah, Saudi Arabia, and plans to begin thermoplastic elastomer production in Sao Paulo, Brazil," said Robert M. Patterson, executive vice president and chief operating officer for PolyOne, which describes itself as a global provider of specialized polymer materials, services and solutions.
"PolyOne remains committed to making investments that allow us to innovate, collaborate and best serve our customers around the world."