OMNOVA Solutions Completes Labor Contract at Mogadore, Ohio Chemical Plant
26 Maio 2009 - 5:45PM
PR Newswire (US)
FAIRLAWN, Ohio, May 26 /PRNewswire-FirstCall/ -- OMNOVA Solutions
(NYSE: OMN) announced that union employees at its Mogadore, Ohio
facility represented by the International Chemical Workers Council
and its Local 419-C of the United Food and Commercial Workers Union
have ratified a new contract with the Company. The contract covers
approximately 56 bargaining unit members and extends for three
years through May 31, 2012. OMNOVA employs about 106 total
employees at the Mogadore plant. "We commend the union for their
desire to continue to work together to make critical improvements
that will enhance the plant's long-term competitive position under
what remain very challenging economic conditions," said Kevin
McMullen, OMNOVA Solutions' Chairman and Chief Executive Officer.
"This contract continues to provide an excellent wage and benefit
package for our hourly employees while enabling positive changes to
increase the flexibility of the workforce in order to drive further
improvements in productivity, quality and customer satisfaction."
OMNOVA Solutions' Mogadore, Ohio plant is part of the Company's
Performance Chemicals business segment, an industry leader in
serving the styrene butadiene (SB) synthetic latex industry for
more than 50 years. Products manufactured at Mogadore - the largest
specialty latex plant in North America - are used as binders and
adhesives for a wide variety of applications, including paper
coatings, carpet backing, nonwovens and construction
infrastructure. SB latex is OMNOVA's largest single product line,
with approximately 50% of the Company's global sales generated from
this chemistry. In addition to the Mogadore plant, OMNOVA is
well-positioned to serve the paper, carpet and specialty chemical
markets from facilities in Wisconsin and Georgia, and has a growing
business in Asia and Europe. OMNOVA Solutions is a technology-based
company with 2008 sales of $869 million and a current workforce of
2,415 employees worldwide. OMNOVA is an innovator of emulsion
polymers, specialty chemicals, and decorative and functional
surfaces for a variety of commercial, industrial and residential
end uses. Visit OMNOVA Solutions on the internet at
http://www.omnova.com/. DATASOURCE: OMNOVA Solutions Inc. CONTACT:
Sandi Noah, Communications, +1-330-869-4292; Michael Hicks,
Investor Relations, +1-330-869-4411 Web Site:
http://www.omnova.com/
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