Revenue for the Akron, Ohio-based company rose 9.6% to $511.8 million from $467 million a year earlier. A. Schulman said cost initiatives in plant operations and sales and administrative expense reductions helped to offset some of the sales decline in North America.

For fiscal 2008, A. Schulman continues to expect net income to exceed $36 million excluding unusual items. "[This] would represent a marked improvement over fiscal 2007," the company said.

Shares closed Tuesday at $23.30. Casey Logan cl/pc

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A. Schulman, an Akron, Ohio-based plastic resin distributor, said the actions are meant to help offset rapidly rising raw material, energy, transportation and supplier costs in its North American businesses.

The company also said it will increase the prices in its distribution division by up to 10%.

A. Schulman shares closed Thursday at $22.57. Greg Saulnier gs/jw

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Shares of A. Schulman closed Friday at $22.63. Ryan Vlastelica rv/tk1

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A. Schulman will receive financial incentives from the City of Akron, Summit County and the State of Ohio. The Company expects the facility to provide approximately 20 new jobs initially, and approximately 60 additional positions within the next few years as production increases.

The site has served as a manufacturing facility for other A. Schulman products in the past, and was the Company's first plant when it opened in 1929. The Company has used it solely as a warehouse for its distribution business since November 2000. The distribution operations will continue at the site.

"Our decision to invest in this facility is in line with our overall strategy to maximize the use of our existing assets," Gingo said. "With the building and infrastructure already in place, we expect the conversion to be quick and manufacturing to begin at the site by October 2008."

Gingo added, "We greatly appreciate the support of the city, county and state leaders and their dedication to making this project possible. A. Schulman has a long and proud history in Akron, and we intend to continue to be a major contributor to the community."

Akron Mayor Don Plusquellic said, "It is critical for us to create partnerships if we want to remain competitive as communities in Northeastern Ohio. The economy dictates that we join forces, combine resources and be a force for creating and retaining jobs. Akron has done this with companies small, medium and large and with considerable success."

Summit County Executive Russell Pry added, "The Job Center and Department of Economic Development have worked collaboratively with A. Schulman to provide Workforce Investment Act training funds so that the Company can hire workers who have been dislocated from other businesses in the county. This is a win for Summit County, as we get to keep good paying jobs right here."

"Companies such as A. Schulman are helping to move Ohio to the head of the global class," said Lt. Governor Lee Fisher, who also serves as Director of the Ohio Department of Development. "A. Schulman's industry success has made it a valuable collaborator with the State and the Northeast Ohio community, and we are pleased to be celebrating the Company's continued success."

A. Schulman's Polybatch product line consists of specialized, high-tech additives for polypropylene, film, extrusion, injection molding and thermoforming applications, primarily in the packaging market. The additives enhance the performance of customers' products with features such as antibacterial, antifogging and antistatic properties, easy-open packaging, and cling and foaming agents.

About A. Schulman

Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,200 people and has 16 manufacturing facilities in North America and Europe (including Asia). Revenues for the fiscal year ended August 31, 2007, were $1.8 billion. Additional information about A. Schulman can be found at http://www.aschulman.com .

Forward-Looking Statements

Certain statements in this release may constitute forward-looking statements within the meaning of the Federal securities laws. These statements can be identified by the fact that they do not relate strictly to historic or current facts. They use such words as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. These forward-looking statements are based on currently available information, but are subject to a variety of uncertainties, unknown risks and other factors concerning the Company's operations and business environment, which are difficult to predict and are beyond the control of the Company. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company's future financial performance, include, but are not limited to, the following:

-- Worldwide and regional economic, business and political conditions, including continuing economic uncertainties in some or all of the Company's major product markets;

-- Fluctuations in the value of currencies in major areas where the Company operates, including the U.S. dollar, euro, U.K. pound sterling, Canadian dollar, Mexican peso, Chinese yuan and Indonesian rupiah;

-- Fluctuations in the prices of sources of energy or plastic resins and other raw materials;

    --  Changes in customer demand and requirements;
    --  Escalation in the cost of providing employee health care;
    --  The outcome of any legal claims known or unknown;
    --  The performance of the North American auto market; and
    --  The North American recessionary economy.

Additional risk factors that could affect the Company's performance are set forth in the Company's Annual Report on Form 10-K. In addition, risks and uncertainties not presently known to the Company or that it believes to be immaterial also may adversely affect the Company. Should any known or unknown risks or uncertainties develop into actual events, or underlying assumptions prove inaccurate, these developments could have material adverse effects on the Company's business, financial condition and results of operations.

This release contains time-sensitive information that reflects management's best analysis only as of the date of this release. A. Schulman does not undertake an obligation to publicly update or revise any forward- looking statements to reflect new events, information or circumstances, or otherwise. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in A. Schulman's periodic filings with the Securities and Exchange Commission.

SOURCE A. Schulman Inc.

http://www.aschulman.com