RadiciGroup invests more than €35 million to strengthen its global presence

RadiciGroup High Performance Polymers (the Radici Group’s engineering polymers division) has invested more than €35 million to strengthen its global presence and increase its production capacity across several continents.

In North America, production capacity has been increased by 20,000 tons per year at the Radici Plastics USA and Radici Plastics Mexico sites, and a new 20,000 square metre facility has been opened in Mexico.

In view of strong growth expectations in Asia, the Group has begun work on the construction of a new 25,000 square metre plant in Suzhou, China (pictured below). This will increase production capacity by 30,000 tons/year and involve an investment of €20 million.

New developments are also expected in Europe with work underway to expand production capacity by 15,000 tons/year at the German Radici Plastics GmbH site, complementing the enhancements made at the Italian Radici Novacips facility over the last two years. Europe remains one of the Group’s core markets, especially for the automotive, electrical/electronics and consumer goods sectors.

Following the recent establishment of Radici InNova, the RadiciGroup consortium company responsible for the research and innovation activities of the Group’s various divisions, RadiciGroup High Performance Polymers is strengthening its Research and Development Centre with the aim of studying innovative materials and application solutions for markets and supply chains requiring lower environmental impact products.

“The High Performance Polymers business is highly strategic to our Group,” said Maurizio Radici, vice president and COO of RadiciGroup. “The business area is a network of production and sales units located throughout Europe, North America, South America and Asia that can meet the needs of both local and global customers with a complete, innovative and sustainable product offering. This is the reason we have decided to strengthen our presence even further by setting up new and more technologically advanced manufacturing facilities, so as to increase our overall production capacity and efficiency level worldwide.”