The High Performance Polymers business unit of RadiciGroup has invested over EUR 35 million in new construction and installations in North America, Europe and China. Production capacity has been increased by 20,000 t per year in North America, namely, at Radici Plastics USA and Radici Plastics Mexico. In particular, a new site was inaugurated in Mexico, extending over an area of 20,000 m2. In China, work has begun on the construction of a 25,000 m2 plant that will boost production capacity by 30,000 t per year.
The company is investing almost EUR 20 million in the new plant in the Suxiang District Industrial Park in the city of Suzhou. The company is also growing steadily in Europe. Work is underway to expand production capacity by 15,000 t per year at the German Radici Plastics GmbH site. This installation complements 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.
Moreover, following the recent establishment of Radici InNova, the RadiciGroup is strengthening its R+D centre with the aim of studying increasingly more circularity-oriented materials and application solutions for markets and supply chains demanding lower environmental impact products. Radici Innova is a consortium company of RadiciGroup that pools the research and innovation activities of the various divisions of the group, in line with a sustainability strategy based on the circular economy.