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Sirmax reveals plans for US recycling unit

December 06/2019

MOSCOW (MRC) -- Italy-based compounder Sirmax is planning to build a USD17 mln production facility for recycled compounds in Indiana, US, said Amiplastics.

The plant, to be located alongside the company's existing compounding site in Anderson, IN, will manufacture compounds using recycled resins for the appliances, automotive, consumer goods, power tools, and other markets.

The project will receive over USD2 M in tax increment financing (TIF) bonds from the Anderson city government. The new facility will utilize the expertise of Societa Europea di Regenerazione (SER), an Italian plastics recycling company that was recently acquired by Sirmax.

SER reprocesses approximately 20,000 tonnes/y of post consumer plastics. Sirmax, which claims to be the fourth
largest producer of technical PP compounds in the world and the biggest non-integrated compounder in Europe, recorded sales of EUR 300 M in 2018 and expects a turnover of roughly EUR 385 M in 2019.

As MRC informed earlier, Sirmax (Cittadella) is continuing to grow its footprint. In a deal the financial details of which were not disclosed, the company recently acquired all shares in thermoplastic compounds producer Nord Color (San Vito al Tagliamento / Italy). The purchase of the latter which caters to the automotive, E&E, furniture, construction and sports & leisure industries not only consolidates Sirmaxs growth strategy, it also complements and expands the companys own PP compounds product range.


mrcplast.com
Author:Anna Larionova
Tags:car components, rigid compound, compounding.
Category:General News
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