Colonial Plastics, a unit of M.A. Hanna Co., completed an agreement with Sumika Polymers America Corp., a Sumitomo Chemical subsidiary, to construct and operate a manufacturing facility to produce a family of thermoplastic compounds, according to Hanna.
The thermoplastic compounds will be marketed in the United States by Sumika.The facility will be located in Dyersburg, Tenn., and will be designed jointly by Sumika and Colonial Plastics. Construction will start immediately and start-up is planned for next August.
Hanna said Sumitomo chose Colonial Plastics after reviewing the capabilities of more than 60 independent compounding companies as potential partners.
"This agreement enables Hanna to develop an important relationship with a leading international polymer producer and will diversify our technology base," said Douglas J. McGregor, president and chief operating officer of Hanna.
Sumika Polymers America Corp. is a subsidiary of Sumitomo Chemical Co., Osaka, Japan. Colonial Plastics, based in Dyersburg, Tenn., provides custom compounding services as well as proprietary thermoplastic compounds to the North American marketplace. M.A. Hanna, Colonial's parent, characterizes itself as an international specialty chemicals company focused on the plastics and rubber industry.