US plastic compounder A Schulman is plannning to either establish a joint-venture or selling its Invision business unit,
Schulman Plastic Company initially marketed Invision to be used in automobile interiors as a substitute to polyvinyl chloride (PVC).
However, US automobile sales is declining forcing the company to sell to non-automobile market as well which is also under hit due to US economy slowdown.
However, US automobile sales is declining forcing the company to sell to non-automobile market as well which is also under hit due to US economy slowdown.
The news receives mix reaction with others claiming the product is well received which could lead to opportunity loss. The Invision business unit reported operating losses of $1.6m this year with $2.2m loss for last year.
No comments:
Post a Comment