NEWS PLANT-BASED AND FOOD-GRADE
Sirmax invests €10m to expand capacity
Italy-based technical compounder Sirmax Group is investing close to €10m to increase capacity across its sites in Europe and the US, with six new compounding lines planned to begin production between January and September 2022. Three new compounding lines will be added at Kutno, Poland, with one each added to the company’s head- quarters site at Cittadella and its plant at San Vito al Tagliamento, Italy. The sixth line is destined for the Sirmax plant in Indiana in the US. Together, the new equipment will increase group capacity by 27,000 tonnes/yr (up 10% in Europe and 15% in the US). The company said the investments will meet increasing demand for technical PP compounds (mainly for cars and household appliances), which over the first nine months of the year grew by 50% and 26% respectively. “At a time when the polymer
market continues to experience shortages, we are reaping the benefits of our correct strategic
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Above: Sirmax CEO and President Massimo Pavin
positioning,” said Sirmax CEO and President Massimo Pavin. “Our regionalised and loyal supply chain means we do not depend on a single area of the world.”
Sirmax said it has seen a 22%
increase in sales volumes over the first nine months of the year compared to the same period in 2020. This followed “an incredibly positive Q1 and Q2”. �
www.sirmax.com
Owens Corning considers chopped glass disposal
Owens Corning said it will “explore strategic alternatives” for its thermoplastic dry-use chopped strand (DUCS) business, which generates annual sales of $270m, including potentially divesting or repurposing the assets. Used mainly in automotive and electronic
applications, the company said the decision was consistent with its strategy of focusing on products and applications where it can build market-leading positions. The plan was announced during the company’s Q3 results, where it revealed a 16% year-on-year increase in net sales for Q3 2021, reaching $2.2bn. �
www.owenscorning.com
www.compoundingworld.com
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IMAGE: OWENS CORNING
IMAGE: SIRMAX
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