FOR IMMEDIATE RELEASE |
Contact: |
Karin Bonev |
CLEVELAND (May 17, 2006) – PolyOne Corporation (NYSE: POL) announced today that it has joined with Greenpak, Inc. to offer an industrial package recycling and returns program for its customers. Through this free program, PolyOne customers can divert industrial packaging materials such as pallets, metal and fiber drums, and boxes from landfills to be re-used or recycled. This environmentally friendly solution reduces customers’ costs, including landfill fees and the burdens of disposal.
“PolyOne is proud to be the only plastics compounding company to team up with Greenpak, the leader in industrial package reduce, return, and reuse solutions,” said Dennis Cocco, vice president of investor relations and communications with PolyOne. “Greenpak’s re-use system provides value to our customers and aligns with our goals of being environmentally responsible. In the first year of piloting the program, we have diverted more than 7 million pounds of packaging from landfills.”
PolyOne customers interested in participating in the program work with Greenpak to determine what packaging can be recycled and the potential cost savings. Greenpak then develops a pick-up schedule for the packaging materials based on the customer’s needs. After evaluating the condition of the material, Greenpak repairs it as needed and distributes it to other outlets to be re-used or recycled.
For additional information, please contact Dale Kinnen at 440-930-3199 or dale.kinnen@polyone.com or go to PolyOne’s Web site at www.polyone.com.
About Greenpak
A division of GWP Industries, LLC was established in Parkersburg, West Virginia, in 1950. The company today includes Greenpak, Inc. a global leader in industrial package solutions that provides innovative recovery, re-use, and return logistics systems. In addition, the company operates a national trucking, manufacturing and distribution network supported by over 2.5 million square feet of warehousing. Strategically located corporate resources and services provide daily support to 70 percent of the U.S.’s manufacturing base, as well as parts of Asia and Europe. GWP Industries, LLC operates Atlas Steel and Supply Company, LLC. a steel service center; Valxess, LLC, which processes and distributes plastic to various markets and end users; and numerous other entities.
A winner of numerous international awards for packaging design and innovative solutions for cost reduction and environmental conservation, the company serves many leading multinational and regional customers. The company was recently awarded the West Virginia Business Environmental Leadership Award for superior pollution prevention and waste minimization by its reduction and re-usable systems.
About PolyOne
PolyOne Corporation, with 2005 annual revenues of approximately $2.5 billion, is a leading global polymer compounding and services company and a North American distributor of thermoplastic resins. Product offerings include vinyl and other thermoplastic compounds, polymer coating systems, color and additive masterbatches and specialty vinyl resins. Headquartered in northeast Ohio, PolyOne has joint ventures in North America and South America and manufacturing facilities in North America, Europe, Asia and Australia. Information on PolyOne’s products and services can be found at www.polyone.com.
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