NEWS
Delta Tecnic’s new €4.5m plant at Querétaro in Mexico
GCR buys stake in Sintac
Delta Tecnic’s Mexican plant now in operation
Spanish PVC compounds and specialty masterbatch maker Delta Tecnic has com- missioned its new 3,000m2 production plant at Queré- taro in Mexico. Delayed by around a year due to the Covid pandemic, the new facility — the company’s first outside of Spain — houses two lines but has the space to expand to five. The €4.5m plant is equipped to produce PVC compounds and polyolefin- based masterbatches, with the main focus on materials for automotive cable. “Mexico is an important
market; it has a lot of cable factories,” said Delta Tecnic CEO Eric Xirinachs. “We have been in Mexico for two decades through distributor
sales channels but our customers have wanted us to localise production, which we have now done.” Xirinachs said the company expects to achieve a global sales revenue of €47m this year, of which around €5m will come from Mexico. He expects the new local production unit, which can also supply product tariff- free to the US and Canada, to achieve sales growth of around 12-15% annually (close to double its group sales growth expectations). Much of the expected
growth will come from new market sectors, according to Xirinachs, who cites renew- able energy generation, telecom, and electric cars — each of which can contain
up to 4km of cable — as prime targets. “The trend to electric vehicles is unstoppable. Governments are now supporting it and we expect it to accelerate,” he said. “We are also focusing on renewable technologies; renewable energy is not produced where it is consumed so we see a shift in demand.” Delta Tecnic, which has been owned by investment firm Aurica Capital since 2017, has two plants in Spain, close to Barcelona, as well as the Mexican unit. The group operates 22 com- pounding lines and has a capacity of around 18,000 tonnes/yr. �
www.deltatecnic.com
Spanish compounder GCR Group has acquired an undisclosed stake in Sintac Recycling, also based in Spain, as part of its plans to develop circular recycled plastic solutions. Sintac offers a wide
range of 100% recycled plastics from industrial, domestic and agricultural post-consumer plastic materials. It will continue to operate with its existing team and structure but will gain access to GCR’s technical capabilities. GCR CEO Joan Prats said the move was an important milestone. “In this way, we are promoting a new generation of high-quality, sustainable solutions from recycled plastic, which allow us to reduce our environmental impact.”
GCR has two produc- tion sites located near Tarragona and Barcelona and employs more than 200 people. �
www.gcrgroup.es �
https://sintac.es/en/
Hexpol invests €5.6m in medical TPEs
Hexpol TPE is to invest €5.6m at its site at Åmål in Sweden. The investment will expand TPE production capacity and support growing demand and changing market requirements, the company said. Construction of a new production hall has already com- menced and should be completed in the autumn of 2022. This new space will be dedicated to production of materials for medical devices. It has been designed to minimise contamina- tion risk and will house a new twin-screw compounding line with gravimetric feeders and advanced monitoring systems. �
www.hexpol.com
www.compoundingworld.com October 2021 | COMPOUNDING WORLD 5
IMAGE: HEXPOL TPE
IMAGE: DELTA TECNIC
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