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A. Schulman history
A. Schulman company history timeline
In 1940, Salesman and Stenographer were the top reported jobs for men and women in the USA named Schulman.
Zekan returned to the company after his tour, and in 1947 he was tapped by Schulman to head his New York sales office.
In 1950, having heard some convincing arguments from a young salesman named William Zekan, Schulman realized he stood on the threshold of a new industry.
Unable to adequately fund technological research internally, he went forward with plans to take the company public in 1972.
In 1988, A. Schulman established a joint venture with Japan's largest chemical company, the Mitsubishi Kasei Vinyl Company, and set up a new plastics plant at Bellevue, Ohio.
But A. Schulman had a highly capable second tier of management that would be put to the test and would ultimately rise to the challenge in 1989, when Zekan, aged 69, underwent surgery for treatment of cancer.
Seeking new markets for growth, A. Schulman had earlier in the decade earmarked Mexico as a key market, opening an office in Mexico City in 1990.
While the company had shunned growth by acquisition for nearly its entire existence, A. Schulman took over the French plastics company Diffusion Plastique in August, 1991.
In addition, the company's joint venture with Mitsubishi Kasei posted its first profit in 1992.
Around the same time of the passage of the North American Free Trade Agreement (NAFTA) in late 1993, A. Schulman announced plans to build a $15 million plant in Mexico.
The run of earnings increases ended in 1993, however, as economic weakness in Europe and unfavorable exchange rates led to declines in both sales and earnings, the latter falling by 12 percent.
In 1994, the company acquired Comalloy International, a subsidiary of Exxon based in Nashville, Tennessee.
In September 1995 the compounding plant, located in San Luis Potosi, began operation, with a focus on serving the automotive and packaging sectors in Mexico.
During 1995 Eastman Chemical Company sold its compound polypropylene business to A. Schulman.
In 1996, the company acquired the Specialty Compounding Division of Laurel Industries Inc., from Occidental Petroleum.
Despite major auto strikes, the company recovered during fiscal 1997 thanks to improving market conditions, as profits increased from $42.2 million to $50.7 million.
In January 1998, production began at a new plastics compounding plant in Surabaya, Indonesia, that had been built through a joint venture to serve the Asia-Pacific region.
Also during 1998 the company opened an office in Hungary.
After achieving record per share earnings of $1.51 in 1999, A. Schulman began faltering.
In 2009, the company opened a Polybatch plant in Akron, Ohio.
In April 2010, the company acquired ICO for $191 million.
In 2016, the company sued the former owners of Citadel Plastics, a company it had previously acquired, for $272 million, claiming that they falsified information about the recycled content and other attributes of its products and that A. Schulman later had to stop selling these products.
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A. Schulman competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Quantum Composites | 1983 | $16.0M | 13 | - |
| Techmer PM | 1981 | $200.0M | 400 | - |
| Chemtura Corp | 2005 | $1.7B | 2,500 | - |
| PlaSteel | 1998 | $12.4M | 50 | - |
| Americhem | 1941 | $350.0M | 800 | 34 |
| Avient | 1927 | $3.2B | 5,600 | 206 |
| JM Eagle | 1982 | $2.0B | 3,000 | 7 |
| Superior Essex | 1954 | $3.0B | 3,800 | - |
| Primex Plastics | 1965 | $500.0M | 1,100 | 2 |
| Prysmian Group | 1927 | $6.0B | 8,500 | 183 |
A. Schulman history FAQs
Zippia gives an in-depth look into the details of A. Schulman, including salaries, political affiliations, employee data, and more, in order to inform job seekers about A. Schulman. The employee data is based on information from people who have self-reported their past or current employments at A. Schulman. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by A. Schulman. The data presented on this page does not represent the view of A. Schulman and its employees or that of Zippia.
A. Schulman may also be known as or be related to A Schulman Inc, A. Schulman, A. Schulman Inc. Ltd., A. Schulman, Inc. and SCHULMAN A INC.