ECONOMY AND MARKET
Sirmax Group ’ s 2021 turnover to 480 million euros . The second US plant , entirely dedicated to the production of circular polymers , is now operational . CEO Massimo Pavin : “ 2021 was a year that exceeded all expectations . Fears for the future remain : the geopolitical situation and the cost of energy and raw material could drive down demand ”.
GREEN PRODUCTS DRIVE SIRMAX GROUP ’ S BUSINESS
Green products drive Sirmax ’ s business , taking the Group ’ s 2021 consolidated sales well beyond expectations . The Cittadella-based company , which produces polypropylene compounds , engineering plastics , post-consumer compounds and bio-compounds for a wide range of applications , ended 2021 with € 480 million in revenue – up from € 315 million in 2020 and € 300 million in 2019 . Sales volumes saw a significant growth of almost 20 %. Driving these highly positive figures is the strong push towards 100 % recyclable recycled compounds , biopolymers and thermoplastic elastomers . With a 40 % increase in sales volumes , their growth rate is 2x the Group ’ s average growth . Technopolymers , i . e . high-tech granules for high-tech applications in the automotive and electrical sectors , are also
Italian technology plast / April 2022
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