Spartech Announces Plans for New Technology and Innovation Center in St. Louis
2010年3月2日 - 6:17AM
Marketwired
Spartech Corporation (NYSE: SEH), a leading producer of plastic
sheet, compounds, and packaging products, announced today the
formation of a new technology center in St. Louis, Missouri. The
new facility will bring together their material development,
product development and packaging technology centers into one
location. The new Center will expand to an 80,000 to 100,000 square
foot facility and will include a full complement of technology and
lab capabilities to support Spartech's advancement of integrated
technologies in material science, extrusion technologies, and
packaging products. Spartech plans to be operational in a facility
in St. Louis by mid-summer 2010.
This new facility will leverage Spartech's existing knowledge of
materials, extrusion, forming and design by connecting
approximately 40 material scientists, processing engineers, and
commercial development specialists with our customers to promote
growth and innovation. Spartech's new Technology and Innovation
Center will be designed specifically to provide our current and
future customers with a unique opportunity to work with our
expanded technology team on advanced thermoplastics and polymers,
new product applications, and innovative processing capabilities to
create solutions for a broad array of end markets. Another goal of
our commercial development specialists is to reduce the cost of
product development cycles and shorten the time-to-market of new
products and applications for our customers.
"This is an exciting new step for the Company," said Myles
Odaniell, CEO of Spartech. "We are committed to investing in the
Company through technology to drive our organic growth for the
future. We believe, by combining our technology centers, we will be
able to accelerate our pace of innovation and expand our portfolio
of solutions that deliver business value to customers. This
technology expansion reinforces our focus on customer needs and our
ability to accelerate the development of our growth platforms."
"Our new facility will be four times the size of our existing
research facilities and will offer us greater capabilities and
resources with people dedicated to development and innovation,"
said Janet Mann, Sr. Vice President of Marketing and Technology.
"This location was chosen specifically with our customers in mind
and will allow us to have these resources in close proximity to our
corporate offices to conduct customer trials, ideation sessions,
and training."
Spartech Corporation is a leading producer of plastic products
including polymeric compounds, concentrates, custom extruded sheet
and rollstock products, and packaging technologies for a wide
spectrum of customers. The Company's three business segments, which
operate facilities in the United States, Mexico, Canada, and
France, annually process approximately one billion pounds of
plastic resins, specialty plastic alloys, and color and specialty
compounds.
Forward-Looking Statements This press
release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements relate to future events and expectations
and include statements containing such words as "anticipates,"
"believes," "estimates," "expects," "intends," "may," "would,"
"should," "will," "will likely result," "forecast," "outlook,"
"projects," and similar expressions. Forward-looking statements are
based on management's current expectations and include known and
unknown risks, uncertainties and other factors, many of which
management is unable to predict or control, that may cause actual
results, performance or achievements to differ materially from
those expressed or implied in the forward-looking statements. These
risks and uncertainties include, but are not limited to, those risk
and uncertainties described in Spartech's most recent Annual Report
on Form 10-K under "Cautionary Statement Concerning Forward-Looking
Statements" and "Risk Factors." These reports can be accessed
through the "Investors" section of Spartech's website at
www.spartech.com. Spartech assumes no responsibility to update
forward-looking statements, except as required by law.
Company Contacts: Myles S. Odaniell President and Chief
Executive Officer (314) 721-4242 Randy C. Martin Executive VP and
Chief Financial Officer (314) 721-4242
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