Page 19 - Plastics News April 2021

CompAny news

RadiciGroup High Performance Polymers invests in production units

and capacity

adiciGroup High Performance Polymers has recently facility over the last two years. Europe remains one of
Rinvested over EUR 35 million in business growth, the Group's core markets, especially for the automotive,
sustainability and innovation.The RadiciGroup High electrical/electronics and consumer goods sectors.
Performance Polymers Business Area is adding significantly
to its global production capacity with new construction Silafrica partners with Ellen
and installations in North America, Europe and China.
“The High Performance Polymers business is highly MacArthur Foundation
strategic to our Group,” said Maurizio Radici, vice
president and COO of RadiciGroup. “The business area is a
frica-based packaging solutions provider Silafrica has
Aenhanced its commitment to the circular economy
by partnering with the Ellen MacArthur Foundation. As
part of this partnership, the company plans to reduce
plastic usage by screening its portfolio for areas of
concern and unnecessary categories of plastic packaging,
so that these can be eliminated. Silafrica has set a goal
of achieving fully reusable, recyclable or compostable
plastic packaging by 2025, with at least 40% of its
products made from recycled plastic. The company also
aims to increase its capacity for recycling secondary
industrial packaging
to 5,000t a year from
network of production and sales units located throughout its current capacity of
Europe, North America, South America and Asia that can more than 1,600t per
meet the needs of both local and global customers with year. To meet this goal,
a complete, innovative and sustainable product offering. it plans to use more
This is the reason we have decided to strengthen our crates, pallets and
presence even further by setting up new and more other non-packaging
technologically advanced manufacturing facilities, so as products that can help
to increase our overall production capacity and efficiency improve the quality
level worldwide.” Production capacity has been increased of life for low-income
by 20,000 tons/year in North America, namely, at Radici communities and the
Plastics USA and Radici Plastics Mexico. In China, work natural environment. Silafrica group executive director
has begun on the construction of a new 25,000-square Akshay Shah said: “Everyone in our organisation is proud
metre plant that will boost production capacity by 30,000 to be working with the Ellen MacArthur Foundation
tons/year. The total investment of almost EUR 20 million and sharing in their commitment to eliminating plastic
in Suxiang District Industrial Park, in the City of Suzhou, waste and creating a sustainable future for our planet.
was made in light of expectations for strong growth in “If stakeholders and supply partners throughout the
the High Performance Polymers business in the Asian industry continue to make commitments like these, we
region. RadiciGroup High Performance Polymers is also will collectively realise a circular economy envisioned
growing steadily in Europe: work is underway to expand by all the signatories to the Global Commitment of
production capacity by 15,000 tons/year at the German the Ellen MacArthur Foundation.” The Ellen MacArthur
Radici Plastics GmbH site. This installation complements Foundation aims to develop and promote the circular
the enhancements made at the Italian Radici Novacips
economy across the globe.

19 April 2021 Plastics News