CLEVELAND, May 22, 2012 /PRNewswire-FirstCall/ -- PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, has announced it is expanding its successful distribution business into Costa Rica.
PolyOne's presence in this new market will initially focus on healthcare applications and could broaden to serve other industries. Operations and logistics, as well as sales and customer service functions, will be located in the city of San Jose, an ideal location in close proximity to many key customers in the region.
"Our operations in Costa Rica will provide value to global healthcare device manufacturers, processors and suppliers by helping them to streamline logistics and simplify inventory management," said Kurt C. Schuering, president, PolyOne Distribution.
Costa Rica was recently ranked by a World Bank study as the top high-tech exporter in Latin America. The medical industry in Costa Rica is expanding rapidly, with more than 30 medical device companies manufacturing locally.
"Serving the healthcare industry is a core area of expertise for PolyOne, and this recent investment expands our ability to better support customers in this market," said Robert M. Patterson, executive vice president and Chief Operating Officer, PolyOne Corporation. "Further, adding sales and customer service capabilities in Costa Rica is entirely consistent with our proven strategy to grow our business through global expansion in high-growth markets and regions of the world."
PolyOne Corporation, with 2011 revenues of $2.9 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside Cleveland, Ohio USA, PolyOne has operations around the world. Consistent with the company's strategy of specialty growth and global expansion, in December of 20
|SOURCE PolyOne Corporation|
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