CLEVELAND, April 15, 2014 /PRNewswire/ -- PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced it has signed an expanded supply agreement with Dow Corning Corporation enabling PolyOne Distribution to sell Dow Corning® brand silicones to healthcare customers in China. By increasing its breadth of solutions, PolyOne is providing growth opportunities for U.S.-based companies that manufacture medical-grade silicone healthcare products in China.
"This agreement with Dow Corning strengthens our portfolio to better serve our healthcare customers located in China, and also supports our strategy of helping U.S.-based multinational companies facilitate manufacturing in Asia," stated Kurt Schuering, president, PolyOne Distribution.
The addition of Dow Corning® brand silicones to the PolyOne Distribution portfolio broadens the ability of both companies to support healthcare customers in China. PolyOne offers a single channel for thermoplastic and thermoset resins used in medical applications, and customers can also leverage expanded healthcare-focused resources to accelerate product development and regulatory compliance.
"Dow Corning works hard to serve our customers and drive growth in China," said Vincent Chang, Dow Corning commercial manager, Asia. "This agreement and our growing relationship with PolyOne Distribution are significant additions to our capabilities."
PolyOne Corporation, with 2013 revenues of $3.8 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 PledgeSM, PolyOne is committed to its customers, employees, communities and shareholders through ethical, sustainable and fiscally responsible principles. For more information, visit www.polyone.com.
About Dow Corning
Dow Corning (dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company's Dow Corning® and XIAMETER® brands. Dow Corning has more than 60 years of experience in healthcare-related industries, working to improve the quality of life, transform patient care, and pioneer next generation innovation through silicone advancements. Dow Corning materials are designed for use in medical device fabrication including wound and scar management, drug delivery systems and pharmaceutical and biopharmaceutical processing.
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SOURCE PolyOne Corporation