PolyOne Corporation Completes Profitable First Quarter and Continues Focusing on Customer Demands

SUGAR LAND--May 20, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--The compounding of plastics, polymers and resins has been a segment of the Chemical Processing Industry (CPI) that has been hit very hard for the past several years, as consumers began reeling in discretionary spending, and key markets such as housing and automobiles fell sharply during the recession. Through a plan of cost-cutting, conservative capital and maintenance budget executions, and a 27% increase in sales, PolyOne Corporation (NYSE:POL) (Avon Lake, Ohio) realized a first-quarter 2010 net profit of $18.4 million, compared to a loss of $17.7 million in the same quarter last year.