Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
CLASS

Radici Group to invest 20 million to enhance its business in China

April 07, 2021


Abstract : The works to build the new 25,000-square-meter plant started in the Chinese industrial hub of the district of Suxiang, in Suzhou, in light of the high growth prospects of the business in Asia. The aim is to increase the production capacity by 30,000 tons per year.

MILAN, April 1 (Class Editori) -- Radici Group will enhance its production capacity in China, where works to build the new 25,000-square-meter plant started. An overall investment of about 20 million euros in the industrial park of the district of Suxiang, in Suzhou, in light of the high growth prospects of the business in Asia.

"High Performance-Polymers represent a highly strategic business for the Group," as explained to MF-DowJones by Maurizio Radici, Vice Chairman and CEO of the company specialized in the production and supply of polyamides, chemical intermediates, high-performance polymers, synthetic fibers and non-woven materials. "The structure of the Business Area includes a network of productive and commercial units in Europe, North and South America and Asia, which allows the Group to meet its clients' needs both at a local and global level with a whole, innovative and sustainable offer. This is why we have decided to further strengthen our presence through new and modern production plants, increasing our production capacity and therefore our level of efficiency all over the world".

To this end, the Group has planned investments worth over 35 million euros to ensure growth and sustainability, with the aim of developing not only in the People's Republic of China, where the production capacity is intended to be increased by 30,000 tons per year.

In North America, the new 20,000-square-meter Mexican facility was inaugurated. It will be necessary to support ongoing and future development in Europe, one of the core markets, especially for the automotive, electrical-electronics and consumer goods sectors. On the other hand, Radici increased its production capacity by 15,000 tons per year, "we want to be proactive with all our customers and become their strategic partner, by finding innovative and sustainable future solutions together".

(Source:Class Editori)

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Radici Group

Reading:

New Chinese offer for Iveco amounting to more than 3.5 billion

China land port sees steady container throughput in Q1

Interview: Ethiopian Airlines sees cargo, logistics boost from China

China's manufacturing heartland accelerates digital transformation

China's railways see surging passenger trips during Tomb-sweeping Day holiday

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial