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RadiciGroup to invest in PPE component capacity in Italy

January 15/2021

MOSCOW (MRC) -- RadiciGroup is investing EUR15m to purchase a production line for meltblown nonwoven, a material used in protective face masks, said the company.

The move follows a shortage of the material in Italy. The synthetic fibre producer will manufacture meltblown nonwoven polymer filaments, the key component in personal protective equipment (PPE), saying that current supply in Europe is insufficient to keep up with the heightened demand brought on by the coronavirus pandemic.

"In the midst of the pandemic crisis, the lack of meltblown nonwoven became evident," said Maurizio Radici, COO of RadiciGroup.

"We kept receiving tens of requests from potential customers. A very small quantity of meltblown material is produced in Europe, which is certainly not sufficient to meet demand in a health emergency," he added.

The production line, which will be installed at the companys site in Bergamo, Italy, can be utilised to manufacture materials based on polypropylene (PP), polyester, polyamide and thermoplastic polyurethane.

As mRC informed earlier, Radici Group announced force majeure for the supply of polyamide (PA 6.6) from its plant in Novara (Novara, in the Italian region of Piedmont) in 2018. The company was forced to declare force majeure for supplies from this enterprise with a capacity of 90 thousand tons of PA per year in February 2018 due to a lack of raw materials.

According to ICIS-MRC Price report, negotiations over January prices of European PP began in the first days of the month. All market participants reported that European producers have gone for a significant increase in export prices for propylene polymers. Moreover, some producers adjusted their export prices twice in the first two weeks of January.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PP block copolymer, homopolymer PP, PP random copolymer, medical supplies, Medicine, netkanie materiali, neftegaz, petrochemistry, Radici Group.
Category:General News
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