A Schulman Plans to Open Innovation and Collaboration Center in the US

Ohio: A Schulman Inc., a US based global supplier of composites, plastic compounds and resins, plans to construct the first innovation and collaboration center intended for engineered composites in Michigan, US. The proposed facility, which is expected to open by the end of 2016, would assist the customers in difficult composite applications. In particular, the collaboration center would focus on lightweight materials and components. In the initial stage, the innovation and collaboration center would be focused on the Engineered Thermoset Composites production line, which the company acquired from Citadel Plastics in March, 2015. In the long run, A Schulman plans to expand its focus to all the materials produced by the company. The innovation and collaboration center of the company would comprise of design and stress engineers, material experts, and manufacturing specialists. The composite solutions business of the company addresses the demand of various end user industries, including aerospace, automotive, electrical, industrial and energy. The company had recently expanded the production capacity for manufacturing plastic compounds in Germany.

TechSci Research depicts that the commencement of the innovation and collaboration center would enable A Schulman to address the demanding requirements of the customers. Additionally, presence of a team of experts in different fields would allow the company to evaluate the feasibility of project in case of any changes in design or material, thereby strengthening its position in the engineering plastics market.

According to TechSci Research report, “India Engineering Plastics Market Forecast & Opportunities, 2020”, India engineering plastics market is projected to exhibit a CAGR of over 13% during 2015 – 2020. Engineering plastics are used in India in diverse industries such as automotive, electrical & electronics, construction, etc. Adoption of lightweight technology in heavy machinery, and stringent environmental regulations are fueling the demand for engineering plastics in the country.