A. Schulman is adding a fourth production line to its 2010 Brazilian acquisition, Mash Compostos Plasticos, boosting annual capacity at the plant by 8 to 10 million lb to a total annual capacity of approximately 22 million to 24 million lb. Mash, which was acquired on Oct. 18, 2010, is a masterbatch additive producer and engineered plastics compounder. Founded in 2004, Mash's Sao Paulo plant was re-certified in 2009 to ISO 9001:2008.
A. Schulman expected the line to be installed and operational at its Sao Paulo operation by November 2011. Jennifer K. Beeman, director of corporate communications & investor relations, told PlasticsToday that the new line would produce product for both A. Schulman's masterbatch and engineering plastics lines. Beeman noted that the existing facility has room for the new capacity so that a physical expansion will not be required. A. Schulman declined to disclose the make and model of the compounding extruder added, or the total investment cost. Citing the "robust Brazilian market" as an impetus for the investment, A. Schulman said the expansion is being driven from an end-market standpoint by packaging for food, medical, and pharmaceutical products; consumer goods; and transportation. "We are pleased with the success of the Mash acquisition," said Gustavo Perez, general manager and COO of the Americas for A. Schulman, "and we plan to continue to grow our presence in South America, which offers outstanding strategic growth opportunities for A. Schulman as we expand our global footprint."
A. Schulman employs roughly 2900 people across 33 manufacturing facilities in North America, South America, Europe, and Asia. Six months prior to the Mash acquisition, which cost the company $16.6 million, A. Schulman gained entry into the Brazilian market through its April 30, 2010 acquisition of ICO Inc., which included three facilities in Brazil. The company now has four locations in Brazil, including former ICO sites in Minas Gerais and Brasilia, as well as two in Sao Paulo (ex ICO and Mash).