FAINPLAST
Italian compounder sets its sights to the east / EVA output raised
Fainplast’s new compounding line in Ascoli Piceno (Photo: Fainplast) |
In response to rising demand for its “EVATech” types, Italian family-owned compounder Fainplast (Ascoli Piceno; www.fainplast.it) has raised output by 3,500 t/y. To do so, the company invested about EUR 700,000 at its main plant, which caters mostly to customers from the shoe sector.
Following its success last year, when the group reported sales of EUR 92m (up 7.5%), Fainplast now plans to expand its business in eastern Europe, Turkey and India. Exports already account for 55% of total revenues. The company recently enlarged its logistics hall in Ascoli Piceno by 1,850 m², and also established a new R&D centre. Led by CEO Battista Faraotti, Fainplast operates 14 compounding lines and has a global workforce of 100.
Following its success last year, when the group reported sales of EUR 92m (up 7.5%), Fainplast now plans to expand its business in eastern Europe, Turkey and India. Exports already account for 55% of total revenues. The company recently enlarged its logistics hall in Ascoli Piceno by 1,850 m², and also established a new R&D centre. Led by CEO Battista Faraotti, Fainplast operates 14 compounding lines and has a global workforce of 100.
06.02.2014 Plasteurope.com [227418-0]
Published on 06.02.2014