A. Schulman. (Corporate, Financial News).A. Schulman, Akron, OH, will discontinue dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. at its dispersion dispersion, in chemistry dispersion, in chemistry, mixture in which fine particles of one substance are scattered throughout another substance. A dispersion is classed as a suspension, colloid, or solution. plant in Orange, TX. The shutdown is expected to be completed during the company's fiscal 2003 fourth quarter, which ends August 31. A. Schulman estimates that the plant closing will generate approximately $5 million in annual savings beginning in fiscal 2004. The 145,000 sq. ft. plant, in operation since the late 1950s, has an annual production capacity of approximately 60 million pounds. The plant's main products are black concentrates and thermoplastic olefins ThermoPlastic Olefin (TPO) is a trade name that refers to polymer/filler blends usually consisting of some fraction of PP (polypropylene), PE (polyethylene), BCPP (block copolymer polypropylene), rubber, and a reinforcing filler. manufactured primarily for the U.S. automotive market. The plant has 68 employees. Closing the dispersion plant will reduce production capacity by 12%. |
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