A. Schulman Expands Sunprene(R) Elastomers Line for Industrial, Specialty Wire &...
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A. Schulman Expands Sunprene(R) Elastomers Line for Industrial, Specialty Wire
& Cable, and Heavy Truck Markets
AKRON, Ohio, May 27 /PRNewswire-FirstCall/ -- A. Schulman, Inc. (Nasdaq: SHLM)
today announced the expansion of two series of Sunprene(R) Elastomers to serve
the specific needs of the industrial, specialty wire and cable, and heavy
truck markets.
Based on ultra-high molecular weight PVC, Sunprene Elastomers possess many
rubber-like qualities, while offering thermoplastic processing, recyclability,
and cost effectiveness compared with thermoset EPDM rubber and traditional
thermoplastic elastomers. As a result, they provide exceptional tear and
abrasion resistance, high flex fatigue, and excellent low temperature
brittleness. The materials can be customized to meet a broad range of
performance requirements.
The primary markets served are industrial hose and tubing, seals and gaskets,
conveyor belts, specialty wire and cable, and heavy truck sealing
applications.
"Sunprene Elastomers are a high-performance, economical alternative to
thermoset EPDM rubber and traditional thermoplastic elastomers," said Lee
Pfaffle, Business Manager, Engineered Plastics North America of A. Schulman.
"On cost, processing and performance, Sunprene Elastomers are an excellent
solution for a variety of industrial, specialty wire and cable, and heavy
truck applications."
Sunprene Elastomers are available in two series. The first series is
specifically formulated for extrusion applications and has hardness ranges
from Shore 35A to 85A durometer, and a specific gravity range between 1.20 and
1.29. The other series, designed for both injection molding and extrusion
applications, has hardness ranges from Shore 57A to 65A Durometer, and a
specific gravity range between 1.22 and 1.27. This series provides the added
benefit of "increased performance in compression set resistance.
"We're very enthusiastic about the performance advantages that our Sunprene
resins bring to the industrial, specialty wire and cable, and heavy truck
markets," said Paul Boulier, A. Schulman Inc.'s Chief Marketing Officer. "The
expansion into these markets is evidence of our ability to identify new
opportunities to leverage our Engineered Plastics technology for a variety of
demanding, specialty applications."
About A. Schulman, Inc.
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier
of high-performance plastic compounds and resins. These materials are used in
a variety of consumer, industrial, automotive and packaging applications. The
Company employs about 2,100 people and has 16 manufacturing facilities in
North America, Europe and Asia. Revenues for the fiscal year ended August 31,
2008, were $1.98 billion. Additional information about A. Schulman can be
found at www.aschulman.com.
Forward-Looking Statements
Certain statements in this release may constitute forward-looking statements
within the meaning of the Federal securities laws. These statements can be
identified by the fact that they do not relate strictly to historic or current
facts. They use such words as "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 performance.
These forward-looking statements are based on currently available information,
but are subject to a variety of uncertainties, unknown risks and other factors
concerning the Company's operations and business environment, which are
difficult to predict and are beyond the control of the Company. Important
factors that could cause actual results to differ materially from those
suggested by these forward-looking statements, and that could adversely affect
the Company's future financial performance, include, but are not limited to,
the following:
-- Worldwide and regional economic, business and political conditions,
including continuing economic uncertainties in some or all of the
Company's major product markets;
-- Fluctuations in the value of currencies in major areas where the
Company
operates, including the U.S. dollar, euro, U.K. pound sterling,
Canadian
dollar, Mexican peso, Chinese yuan and Indonesian rupiah;
-- Fluctuations in the prices of sources of energy or plastic resins and
other raw materials;
-- Changes in customer demand and requirements;
-- Escalation in the cost of providing employee health care;
-- The outcome of any legal claims known or unknown;
-- The performance of the North American auto market;
-- The global financial market turbulence; and
-- The global or regional economic slowdown or recession.
Additional risk factors that could affect the Company's performance are set
forth in the Company's Annual Report on Form 10-K. In addition, risks and
uncertainties not presently known to the Company or that it believes to be
immaterial also may adversely affect the Company. Should any known or unknown
risks or uncertainties develop into actual events, or underlying assumptions
prove inaccurate, these developments could have material adverse effects on
the Company's business, financial condition and results of operations.
This release contains time-sensitive information that reflects management's
best analysis only as of the date of this release. A. Schulman does not
undertake an obligation to publicly update or revise any forward-looking
statements to reflect new events, information or circumstances, or otherwise.
Further information concerning issues that could materially affect financial
performance related to forward-looking statements can be found in A.
Schulman's periodic filings with the Securities and Exchange Commission.
SOURCE A. Schulman, Inc.
Paul DeSantis, CFO and Treasurer of A. Schulman Inc., +1-330-666-3751
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