AKRON, Ohio, July 5, 2016 /PRNewswire/ -- A. Schulman
Inc. (Nasdaq-GS: SHLM), a leading international supplier of
high-performance plastic compounds, powders, composites and resins,
today announced that it is expanding its presence for masterbatch
on the African continent through a strategic partnership with
Snetor Chimie, headquartered in Courbevoie Cedex, France.
As of May 2016, A. Schulman has
appointed Snetor Chimie, the leader of plastics distribution in the
region, as its privileged partner to commercialize its complete
range of white, black and colored masterbatches and additives. The
commercial activities will be focused exclusively on countries and
partners which comply with U.S. and EU trade restrictions and
laws.
With an average GDP of 5 percent and an improved political
situation, Africa has become an
attractive continent for investors. A. Schulman has already
partnered with direct customers in the area and this further
solidifies its presence through the partnership with Snetor Chimie
which has numerous offices and warehouses in various African
countries. Snetor Chimie is, with over 35 years of experience in
distribution on the African continent, one of the leaders in the
area.
"The partnership with Snetor Chimie is a strategic move for us
and a clear commitment to our African customers," stated
Heinrich Lingnau, SVP & General
Manager of A. Schulman – Europe,
Middle East and Africa. "The continent is very dynamic,
especially for masterbatch. It is paramount for us to be well
represented in this market. With Snetor Chimie being one of the
market leaders in this region, we are accelerating our market
penetration," he concluded.
About A. Schulman, Inc.
A. Schulman, Inc. is
a leading international supplier of high-performance plastic
compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been
providing innovative solutions to meet its customers' demanding
requirements. The Company's customers span a wide range of markets
such as packaging, mobility, building & construction,
electronics & electrical, agriculture, personal care &
hygiene, sports, leisure & home, custom services and others.
The Company employs approximately 5,000 people and has 57
manufacturing facilities globally. A. Schulman reported
net sales of approximately $2.4 billion for the fiscal
year ended August 31, 2015. Additional information
about A. Schulman can be found at www.aschulman.com.
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SOURCE A. Schulman, Inc.