CLEVELAND, May 3, 2018 /PRNewswire/ -- PolyOne Corporation (NYSE: POL), a leader in advanced technologies for packaging, today announced that its barrier additives are increasing sustainability and design freedom while extending shelf life and lightweighting options for packaging manufacturers.
According to leading market research firms, in-demand barrier technologies affect not only shelf life, but also brand integrity, product aesthetics, lightweighting, and ultimately, recyclability. PolyOne develops its additives collaboratively with brands and packaging manufacturers while addressing key global pressures to reduce both food waste and the environmental impact of packaging.
Lactra SX is an outstanding example. This technology protects light-sensitive dairy products such as ultra-pasteurized milk and protein-enhanced yogurts from photo-induced degradation by providing 99.99% UV and visible-light blocking. In addition, it allows design-friendly, single-layer PET containers to perform on par with multi-layer bottles and laminate paperboard cartons, requiring less material and reducing production waste for increased sustainability. For this reason, Lactra SX was recently awarded the China Sustainable Packaging Award 2017 from M.Success Media Group, organizers of the annual China Package Technology Innovation & Sustainable Development Forum.
"Our packaging customers are continually seeking novel ways to improve recyclability and increase sustainability, while maintaining or extending product protection and shelf life," said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation. "As a market leader in oxygen, light, and UV barrier solutions for the packaging market, we continue to develop technologies that enable manufacturers to achieve these goals."
At its upcoming Investor Day on May 10, 2018, PolyOne plans to present additional details about barrier technology innovation as one of several high-growth focus areas that underpin the company's expectation of delivering double digit EPS growth in 2018 and beyond.
PolyOne Corporation (NYSE:POL), with 2017 revenues of $3.2 billion, is a premier provider of specialized polymer materials, services and solutions. The company is dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. Guided by its Core Values, Sustainability Promise and No Surprises Pledge(SM), PolyOne is an ACC Responsible Care® certified company committed to its customers, employees, communities and shareholders through ethical, sustainable and fiscally responsible principles. For more information, visit www.polyone.com.
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. They use words such as "will," "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 condition, performance and/or sales. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: our ability to identify and evaluate acquisition targets and consummate acquisitions; the ability to successfully integrate acquired businesses into our operations, such as IQAP Masterbatch, Mesa, Rutland, Comptek, SilCoTec, Gordon Composites and Polystrand, including whether such businesses will be accretive, retain the management teams of acquired businesses, and retain relationships with customers of acquired businesses; disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability and cost of credit in the future; our ability to achieve new business gains; the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks; changes in polymer consumption growth rates and laws and regulations regarding the disposal of plastic in jurisdictions where we conduct business; changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; fluctuations in raw material prices, quality and supply and in energy prices and supply; production outages or material costs associated with scheduled or unscheduled maintenance programs; unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; an inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals; an inability to raise or sustain prices for products or services; our ability to continue to pay cash dividends, including at the increasing rate, which will be subject to, among other factors, market conditions, our cash flow and cash requirements and restrictions contained in any of our debt agreements; and other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation. The above list of factors is not exhaustive.
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SOURCE PolyOne Corporation