ITPLAST Aprile 2024 | Page 22

ECONOMY AND MARKET

RADICIGROUP INAUGURATES FACILITY IN INDIA

An industrial site to strengthen the Group ’ s presence in Asia , delivering key products and services to the market .
Italian technology plast / April 2024
After more than 15 years as a market operator in India , RadiciGroup has inaugurated a new industrial site of 19,000 sq m of which 11,000 sq m are dedicated to the production of engineering polymers , fundamental “ ingredients ” for the numerous application sectors that include automotive , electrical & electronics , consumer and industrial goods and telecommunications . This is the first industrial site owned by RadiciGroup in the country , employing a staff of more than 100 , it is located in the municipality of Halol in the federated state of Gujarat . A choice made after many years spent in India as a market operator , which allowed the company to get to know the local market better and better , growing regularly year after year . RadiciGroup High Performance Polymers is now a partner of choice for many customers in the country and , thanks to the new site , is even better equipped to meet global challenges . “ This is a historic moment for us ,” commented Maurizio Radici , Vice President of RadiciGroup , who personally inaugurated the new site together with the management and staff of Radici Plastics India PVT LTD , “ because we are now also present in India as a manufacturing company that becomes part of the global production network of RadiciGroup High Performance Polymers , an organisation that can count on 7 other plants and numerous sales offices located in Europe , America and Asia . From the very beginning , we have had the vision of expanding our operations all over the world , with the aim of being close to our global and local customers , studying together high-quality products and innovative solutions for the market . The inauguration of this facility underscores the suc-
cess of this vision and represents the long-term commitment that we as shareholders have in the Indian subcontinent .”
SHORTENING THE PRODUCTION CHAIN India is a market where it is necessary to have a strong presence in order to keep abreast of growth in sectors that require short and reactive production chains . “ Thanks to this site , we are now able to respond much more quickly to the needs of our customers ,” said Federico Percassi , Country Manager India of RadiciGroup High Performance Polymers , “ It will enable us to shorten the development and delivery times of materials thanks to the possibility of developing tailor-made solutions on site , taking advantage of the skills of our Indian specialists and being able to continue to count on the support of the group ’ s global organisation . I am sure that , thanks to teamwork , valuable synergies will be created for mutual growth . Among other things , the new site is located in an area that can allow for increases in production capacity , should it be necessary for seizing
The RadiciGroup plant in Halol ( India )
The inauguration of the new production site
the growth potential of the market , not only in India .” The Halol site , in fact , follows the one inaugurated in April 2023 in Suzhou , China . This is therefore a further step in RadiciGroup ’ s internationalisation process , aimed at strengthening the group ’ s footprint throughout the Asian continent , in order to serve various markets in a timely and efficient manner , in a logic of proximity , close to the industrial operations of our customers . “ In addition to the hundred people
located in the new Halol site ,” continued Federico Percassi , “ Radici Plastics India PVT LTD can count on about thirty other professionals working at various Indian locations , precisely with a view to covering the entire country . The company also has two other warehouses and a sales office . We therefore hope that further opportunities for development and market growth will emerge so as to contribute to the success of the whole RadiciGroup High Performance Polymers business .”
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