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        IMA

Radici kicks off PA production in Mexico

Radici image

Radici Plastics Mexico S, a new RadiciGroup company, has strengthened its production capacity in the North American market by acquiring the polyamide engineering plastics division of Resinas TB, a Mexican manufacturer with over 40 years’ experience in the plastics industry. The sale was closed recently.

Located in Ocotlán near Guadalajara – a logistically strategic area to serve automotive firms in North and Central Mexico –, the Mexican facility has an installed production capacity of 8,000 tonnes/year and employs over 30 people. The newly acquired Radici Plastics Mexico, will allow the Italy-headquartered RadiciGroup, already present in North America with its Radici Plastics USA Inc. production unit in Wadsworth, Ohio, to operate directly on the Mexican market, thus strengthening its market and competitive position in North America and Central America.

“In the last three years, Mexico has kept up double-digit growth in our business,” said Luigi Gerolla, CEO of the RadiciGroup Plastics Business Area. “It is an extremely attractive market for us, particularly in automotive, a steadily growing business. The main players in the automotive industry, top brands such as FCA, BMW, General Motors, Nissan, Ford and Volkswagen Audi, to name just a few, have been investing heavily in Mexico for some time, as have the major world automotive part manufacturers.”

“Radici Plastics Mexico, which is already in full operation,” noted Danilo Micheletti, COO for North America, South America and China of the RadiciGroup Plastics Business Area, “will synergistically combine our well-established sales network, our knowledge of the Mexican market and Resinas TB’s competence in the polyamide industry, with the state-of-the-art know-how in nylon chemistry and the vertically integrated raw materials production that epitomize our Group.”

RadiciGroup supplies polyamide and polyester engineering plastics for applications in many industries such as: automotive – electrical and electronics – technical industrial – furnishings – consumer goods – sport. It has production plants in Italy, Germany, the US, Mexico, Brazil, India and China.

(IMA)


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