PolyOne to Feature New Advancements in Color Technology, Nanocomposites and Inherently Conductive Polymers at National Plastics Expo 2003
May 29, 2003
New technology developments, core capabilities and PolyOne Distribution
highlighted at Booth 1832
CLEVELAND, May 29 /PRNewswire-FirstCall/ --
PolyOne Corporation (NYSE: POL) will feature several new technologies at next
month's National Plastics Expo (NPE), including advancements in color
technology, nanocomposites and inherently conductive polymers (ICPs). PolyOne
will be in Booth 1832, South Building at Chicago's McCormick Place for the
show, which runs June 23-27, 2003.
PolyOne will introduce a new family of nanoclay-based polymer concentrates
at NPE. This new nanocomposite capability is a result of a previously
announced strategic alliance with Nanocor. The technology, which uses very
fine nanoclays that are roughly 1/10,000th the diameter of a human hair,
principally improves stiffness, fire resistance and gas barrier at lower
weight than traditional additives. Nanocomposites also promote greater heat
stability and electrical dissipation. Primary markets include automotive,
appliance and film.
In addition, PolyOne will introduce its new color technology capabilities
with special live demonstrations in a dedicated viewing theater at the booth.
The new color technology offering is designed to shorten the color matching
process and allow color standard data to be stored electronically compared to
a traditional plastic chip. The technology will also allow customers to model
a three-dimensional product in a variety of virtual environments, for example
a shampoo bottle in a pharmacy, and then see with a high degree of realism
what the color will actually look like.
Also featured are inherently conductive polymers (ICPs), which have
similar electrical conductivity properties to metals and inorganic
semiconductors, but are lighter, easier to process and more environmentally
friendly. ICPs can be used in corrosion-resistant coatings, anti-static
fabrics and packaging, EMI/RFI shielding, and electronic products.
"NPE is a great opportunity to talk with our customers about the breadth
of our core capabilities as well as showcase many of our new technologies --
platforms that are important to our future growth," said Thomas A. Waltermire,
chairman and chief executive officer of PolyOne. "Our new products will be
especially important to global customers because of PolyOne's unique
capability to help them reach their customers around the world."
PolyOne will also highlight several products and technologies from its
Engineered Materials group including:
- Ecomass(R) high-gravity thermoplastic compounds
- Therma-Tech(TM) compounds, which readily conduct heat at levels more
than 100 times that of standard plastics
- Electrostatic dissipative (ESD) compounds
- Thermoplastic elastomer (TPE)-based products, which are used in a
variety of markets including automotive interiors, consumer products,
seals and gaskets, and recreational products.
The PolyOne booth will be divided into three areas:
- New developments: This area will highlight PolyOne's advanced
technology and product growth platforms, including nanocomposites,
color technology and ICPs.
- Core capabilities: The breadth of PolyOne's products and services in
Vinyl Compounds, Engineered Materials, and Color and Additive
Masterbatches will be showcased here.
- PolyOne Distribution: This section will focus on the more than 15
leading suppliers, global sourcing capabilities, and advanced supply
chain management and logistics services offered by the Company's
PolyOne Corporation (NYSE: POL), with 2002 revenues of $2.5 billion, is an
international polymer services company with operations in thermoplastic
compounds, specialty resins, specialty polymer formulations, engineered films,
color and additive systems, elastomer compounding, and thermoplastic resin
distribution. Headquartered in Cleveland, Ohio, PolyOne has employees at
manufacturing sites in North America, Europe, Asia, and Australia, and joint
ventures in North America, South America, Europe, Asia and Australia.
Information on the Company's products and services can be found
at www.polyone.com . Ecomass is a trademark of Ideas to Market LP and used
In this press release, statements that are not reported financial results
or other historical information are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements give current expectations or forecasts of future events and
are not guarantees of future performance. They are based on management's
expectations that involve a number of business risks and uncertainties, any of
which could cause actual results to differ materially from those expressed in
or implied by the forward-looking statements. You can identify these
statements by the fact that they do not relate strictly to historic or current
facts. They use words such as "anticipate," "estimate," "expect," "project,"
"intend," "plan," "believe" and other words and terms of similar meaning in
connection with any discussion of future operating or financial performance.
In particular, these include statements relating to future actions;
prospective changes in raw material costs, product pricing or product demand;
future performance or results of current and anticipated market conditions and
market strategies; sales efforts; expenses; the outcome of contingencies such
as legal proceedings; and financial results.
Factors that could cause actual results to differ materially include, but
are not limited to: (1) an inability to achieve or delays in achieving
estimated and actual savings related to restructuring programs; (2) delays in
achieving or inability to achieve the Company's strategic value capture
initiatives, including cost reduction and employee productivity goals, or
achievement of less than the anticipated financial benefit from the
initiatives; (3) the effect on foreign operations of currency fluctuations,
tariffs, nationalization, exchange controls, limitations on foreign investment
in local businesses and other political, economic and regulatory risks; (4)
changes in U.S., regional or world polymer and/or rubber consumption growth
rates affecting the Company's markets; (5) changes in global industry capacity
or in the rate at which anticipated changes in industry capacity come online
in the polyvinyl chloride (PVC), chlor-alkali, vinyl chloride monomer (VCM) or
other industries in which the Company participates; (6) fluctuations in raw
material prices, quality and supply and in energy prices and supply, in
particular fluctuations outside the normal range of industry cycles; (7)
production outages or material costs associated with scheduled or unscheduled
maintenance programs; (8) costs or difficulties and delays related to the
operation of joint venture entities; (9) lack of day-to-day operating control,
including procurement of raw materials, of equity or joint venture affiliates;
(10) partial control over investment decisions and dividend distribution
policy of the OxyVinyls partnership and other minority equity holdings of the
Company; (11) an inability to launch new products and/or services that
strategically fit the Company's businesses; (12) the possibility of goodwill
impairment; (13) an inability to maintain any required licenses or permits;
(14) an inability to comply with any environmental laws and regulations; (15)
a delay or inability to achieve targeted debt levels through divestitures or
other means; (16) a delay or inability to replace the Company's current
receivables sale facility by June 30, 2003; and (17) a delay or an inability
to complete a new long-term debt refinancing.
We cannot guarantee that any forward-looking statement will be realized,
although we believe we have been prudent in our plans and assumptions.
Achievement of future results is subject to risks, uncertainties and
inaccurate assumptions. Should known or unknown risks or uncertainties
materialize, or should underlying assumptions prove inaccurate, actual results
could vary materially from those anticipated, estimated or projected.
Investors should bear this in mind as they consider forward-looking
We undertake no obligation to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise. You are
advised, however, to consult any further disclosures we make on related
subjects in our Form 10-Q, 8-K and 10-K reports to the Securities and Exchange
Commission. You should understand that it is not possible to predict or
identify all such factors. Consequently, you should not consider any such
list to be a complete set of all potential risks or uncertainties. (Ref.
SOURCE PolyOne Corporation