A. Schulman to add new sheet molding compound production line in Germany
A. Schulman announced that it will expand its compounding capacity with the addition of a new sheet molding compound production line in Germany. The new line will be operational by the end of 2017. Furthermore, in order to address increased demand from its European-based customers prior to operation of the new line, the Company has opened an inventory facility in Slovenia. The new production line will allow A. Schulman to produce its entire range of glass and carbon fiber sheet molding compounds in Europe, including its Quantum Engineered Structural Composites portfolio. Quantum products utilize glass and/or carbon fibers in combination with advanced chemistry systems to meet the most challenging application requirements in key markets such as automotive, aerospace and energy. The Company recently announced Quantum Forged Preg, its next generation composite material that utilizes continuous carbon fiber; designed for applications requiring exceptional strength and stiffness while maintaining high-end look and feel. The Company already produces bulk molding compound in Germany, so the expansion further enhances A. Schulman's approach of being a complete composites solution provider worldwide.