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Brazil offers excellent growth opportunities to Radici
23 Feb '08
3 min read
Maurizio Radici, vice chairman of RadiciGroup, explained the Brazilian investment plan in detail: “In the next few months Radici Plastics will install a new extrusion line to increase its polyamide production capacity by 3,300 tons per year. The 2008-2010 three-year plan provides for investments of about USD 1.750 million (about EUR 1.2 million), more than half of which is scheduled for 2008.
At RadiciFibras Ltda, during the next two years we plan investments of USD 9.2 million (equivalent to about EUR 6.3 million) to improve yarn quality, optimize manufacturing costs, increase the Group's range of products and launch new products for the civil construction industry. Finally, we plan to increase our presence in the Brazilian market by setting up a joint venture with local partners to manufacture high-tech products.”
“In Brazil we are also working on important projects aimed at innovation in fibres,” explained Luciano Radici, RadiciGroup country manager who oversees all Group businesses in South America. “As a matter of fact, we are currently fine tuning a product to replace asbestos and are developing carbon fibres.
Both projects have generated attention and interest in the Brazilian government, which is obviously of great significance for our Group. Concerning the carbon fibres, RadiciFibras has already obtained test results confirming the feasibility of manufacturing a high-quality product. The industrial use of carbon fibre is of great strategic importance to Brazil.
Therefore, we should expect a sizeable increase in demand for this kind of fibre. Our project is targeted at an initial production quantity of 280 tons per year to meet Brazilian demand. In the second stage we expect annual production to rise to 1,000 tons, and then 5,000 tons.”
At RadiciFibras Ltda, during the next two years we plan investments of USD 9.2 million (equivalent to about EUR 6.3 million) to improve yarn quality, optimize manufacturing costs, increase the Group's range of products and launch new products for the civil construction industry. Finally, we plan to increase our presence in the Brazilian market by setting up a joint venture with local partners to manufacture high-tech products.”
“In Brazil we are also working on important projects aimed at innovation in fibres,” explained Luciano Radici, RadiciGroup country manager who oversees all Group businesses in South America. “As a matter of fact, we are currently fine tuning a product to replace asbestos and are developing carbon fibres.
Both projects have generated attention and interest in the Brazilian government, which is obviously of great significance for our Group. Concerning the carbon fibres, RadiciFibras has already obtained test results confirming the feasibility of manufacturing a high-quality product. The industrial use of carbon fibre is of great strategic importance to Brazil.
Therefore, we should expect a sizeable increase in demand for this kind of fibre. Our project is targeted at an initial production quantity of 280 tons per year to meet Brazilian demand. In the second stage we expect annual production to rise to 1,000 tons, and then 5,000 tons.”
RadiciGroup
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