Plastics News Daily Report - May 9, 2018 - 92

92 ‹ PLASTICS NEWS DAILY REPORT ‹ May 9, 2018

A. Schulman shows new products ahead of LBI vote
A. Schulman Inc. is moving
ahead with new products even
as the firm is in the process of
being acquired by LyondellBasell Industries.
Houston-based LBI in February announced its plans to
purchase Schulman of Fairlawn,
Ohio, for $2.25 billion. LBI is a
leading global petrochemicals
firm. Schulman is a leading compounder and concentrates maker in North America and Europe
and one of Europe's main resin
distributors as well.
LBI plans to combine Schulman with its own sizable polypropylene compounding unit.
Schulman shareholders will vote
on the offer June 14.
"The deal makes a lot of sense
when you look at the markets in
which we operate," Schulman
executive Frank Roederer said
in a May 7 interview at NPE2018.
"Everything from mobility to
electrical and electronic to food
packaging to sports and leisure.
It's going to create a world-leading compounding company."
Roederer serves as senior vice
president and general manager
of the U.S. and Canada and of
Schulman's engineered composites business.
On the new product front,

Plastics News photo by Michael A. Marcotte

By Frank Esposito
Plastics News Staff

Frank Roederer, senior vice president and general manager for U.S. and Canada and global engineered
composites at A. Schulman Inc.
Schulman at NPE2018 focused
on several new innovations, including some aimed at the food
packaging and automotive markets.

UPCOMING
ISSUE:
International
Silicone
Conference

out of their products with packaging that allows them to obtain
every last drop, officials said.
EasyPour materials optimize
polymer surface properties to

A. SCHULMAN INC.

ROOM 206ABC
LYONDELLBASELL INDUSTRIES
enable contents to flow more
smoothly in pouches and similar
containers. The new technology
is designed for use in both flexible and rigid multilayer constructions, officials added.
On the automotive side, EcoFlex-brand recycled TPV combines the performance characteristics of rubber - such as
flexibility and antiskid - with
the processing ease of conventional thermoplastics, officials
said. The materials deliver cost
savings of 30-50 percent as well
as the value-added benefit that
TPVs offer over thermoset rubber in recyclability, they added.
Schulman also remains committed to sustainability, according to Roederer. "If we just keep
making plastic and dumping it,
the world isn't going to be sustainable," he said. "We need more
recycling, but unless consumers
make the decision to start recycling, things won't change."
Schulman posted sales of almost $2.5 billion in its 2017 fiscal year. The firm employs more
than 5,000 at 54 global locations.

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The food packaging innovation is Polybatch-brand EasyPour additive masterbatch concentrates. The materials help
customers squeeze more value

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Don Loepp
313.446.6767
dloepp@crain.com

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Patrick Cannon
313.446.1625
pcannon@crain.com

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