Italian compounder Sirmax SpA. is set to invest €30m in the construction of a second production plant at Kutno in central Poland with an extended product range.
In the past two years, the Cittadella, Italy-based group doubled the polypropylene compound capacity at its existing facility in Kutno to 80,000tpa. It serves the automotive and household appliance markets.
Now, Sirmax has signed a contract to build a second, 12,000 square metres manufacturing plant and 10,000m2 warehouse unit on a 60,000 square metres site in the Lodz Special economic Zone (ZES) also at Kutno.
The project is in line with Sirmax’s continuing expansion abroad and development of a wider compound portfolio. Its new Polish unit will make PP LFT - long glass fibre reinforced polypropylene, along with its PP FR fire “self-extinguishing” PP material which is produced at Sirmax plants in the US, Italy and India.
The firm also plans to turn out EPC technopolymers, based on polyamides, ABS and polycarbonate, which it already manufactures at two of its Italian plants at Tombolo and San Vito al Tagliamento.
Sirmax intends to complete the product range with the introduction of new thermoplastic elastomer compounds “to combine the ‘soft’ family with ‘rigid’ compounds”, it explained in a statement.
Construction of the new Kutno unit is set to begin this August and is expected to be up and running by June next year, the company said.
Sirmax is proceeding with its current strategy of “being ‘multi-countries’ and ‘multi-products’, declared its president and chief executive officer Massimo Pavin.
“We want to be present globally with the full range of our products, at the service of our large global customers in the automotive and household appliance sectors,” he added.
Last year, Sirmax formed a 50:50 joint venture, AutotechSirmax India with the Mumbai-based Indian compounder Autotech Polymers India. The latter has a PP and engineering plastics based compounding capacity of 15,000tpa at two plants in Gujerat and near the Indian capital New Delhi.
The JV, headed by Autotech Polymers director Achal Thakkar, expects to raise overall output to 40,000 by 2021 with the construction of a new plant.
In 2014, Sirmax launched a plant at Jundiai, Brazil where it boosted the capacity a year later. Currently, its plants in Italy, the US, India and Brazil are equipped with 31 twin-screw extruders. Group turnover this year is set to top €300m – up from €265m in 2017.