MOSCOW (MRC) -- Radici will build a new plant in China to increase production capacity, and will sell products in Australia, said the company.
RadiciGroup High Performance Polymers, through its company in China, Radici Plastics Suzhou Co, has signed an agreement with Duromer for the distribution of its products in Australia.
“We have collaborated with Duromer for some years now,” Alberto Sessolo, general manager of Radici Plastics Suzhou, pointed out. “We have worked well together and have built a relationship of great trust, which we have agreed to expand and make more synergistic. That's why we are entrusting Duromer with the distribution of our materials in the Australian territory. We are confident of their leadership in that market and aware that, together, we will work well as a team to serve strategic sectors such as automotive, E&E, consumer goods and industrial goods".
RadiciGroup High Performance Polymers, which is building a new plant in China to increase its production capacity, now has an expert partner to promote and sell its products in Australia.
"We are very pleased to continue our relationship with RadiciGroup,” said Andrew Stewart, general manager of Duromer. “And we are happy to share our long-standing knowledge of the Australian polymers market, as we are very familiar with the quality of RadiciGroup products and the professionalism of the people we deal with."
As MRC informed earlier, RadiciGroup is investing more than EUR35m to strengthen its global engineering polymer business with new plants in Mexico and China, as well as a capacity expansion in Europe. In China, work has begun on a new 25,000-square metre plant that will boost production capacity by 30,000 tonnes/year.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,638,370 tonnes in the first eight months of 2021, up by 10% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 989,570 tonnes in the first eight months of 2021, up by 30% year on year. Deliveries of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas shipments of injection moulding PP random copolymers decreased significantly.
RadiciGroup High Performance Polymers is a multinational organization with the capacity to manufacture and supply engineering polymers (based on polyamide, polyester and other materials) around the globe, with the backing of a production and sales network across all continents, as well as research and development increasingly focused on high-performance polymers.
MRC