polyone corporation (POL) Key Developments
PolyOne to Expand Specialty Thermoplastic Capacity
Feb 23 15
PolyOne is expanding its long-fibre specialty thermoplastics capacity due to increased demand for metal replacement materials. The company will add a new production line for its OnForce LFT long-fibre specialty thermoplastics to its facility in Avon Lake, Ohio. The capacity of the addition was not specified. The expansion will be operational by the end of February.
Franklin Electric Selects PolyOne's Geon™ Fiberloc™ Glass-Reinforced Vinyl Composite
Feb 19 15
PolyOne announced that Franklin Electric selected Geon™ Fiberloc™ glass-reinforced vinyl composite for the control head of its new Inline 400 booster pump. While Franklin Electric’s engineers investigated several options, Geon Fiberloc composite provided the only solution that enabled them to design and mold a complex control head and meet both NSF 61 and UL flame retardancy requirements. Additionally, Fiberloc enabled quieter pump operation by reducing noise and vibration.
PolyOne Corporation Hires John Midea as Senior Vice President, Global Operations and Process Improvement
Feb 5 15
PolyOne Corporation announced that John Midea has been hired as senior vice president, global operations and process improvement. With more than 20 years of operations and executive management experience, Mr. Midea will lead PolyOne's global operational excellence initiatives, including manufacturing process improvement, environmental health and safety, global sourcing and logistics, Lean Six Sigma training and deployment, and integration of acquisitions. Prior to joining PolyOne, Mr. Midea was president and CEO at Resco Products. He also previously served as president and COO of Ennis Traffic Solutions.
PolyOne Declares Quarterly Cash Dividend, Payable on April 8, 2015
Feb 4 15
PolyOne declared a quarterly cash dividend of $0.10 per share, unchanged from the previous quarter. The dividend is to be paid on April 8, 2015 to stockholders of record on March 16, 2015.
PolyOne Corporation Reports Earnings Results for the Fourth Quarter of 2014; Provides Earnings Guidance for the Fourth Quarter of 2015
Jan 27 15
PolyOne Corporation reported earnings results for the fourth quarter of 2014. For the quarter, the company reported that its adjusted EPS were $0.36 and sales were $869 million.
The company provided earnings guidance for the fourth quarter of 2015. In 2015, it expects double-digit EPS growth.