Italian composites manufacturer Sirmax Group continues to expand into the U. S. It plans to build a third plant in Indiana by 2025.
Sirmax opened its first plant in the U. S. It was in Anderson, Indiana, in 2015 and added a momentary plant in 2020. The momentary plant is fully operational this year, officials said in a press release. These two floors cover a total of nearly 270,000 square feet. The full opening of the current plant has been delayed due to the COVID-19 pandemic.
Sirmax has invested $35 million in the plant so far, which is for the production of recycled polypropylene from post-industrial waste. The first plant manufactures PP and polyethylene compounds from virgin resins.
“In line with our multi-country, multi-product strategy, we plan to make further investments in the same assets through 2025 to expand existing buildings and build a third floor,” Lorenzo Ferro, North American country director, said in a press release.
He added that the new plant will cover nearly 40,000 square feet and allow Sirmax to manufacture thermoplastic elastomers and composites on technical resins in the United States.
In addition to the new facility, Sirmax’s first plant will be expanded to incorporate TPE production and a new warehouse, nearly tripling its length to more than 120,000 square feet. At the current plant, the production of recycled compounds will be increased and improved. Production dominance will also more than double to approximately 90,000 square feet by 2025. Sirmax officials have said in the past that the current plant will employ 40 people.
Sirmax North America also recently won the 2022 RACER Edge Award once in Oklahoma City. The annual award is given to corporations that have effectively invested in the remodeling and reuse of spaces owned by the former General Motors Corp.
Sirmax is the first non-U. S. investor to win this award. The award was created through the RACER (Revitalizing Auto Communities Environmental Response) Trust, an independent company established in 2011 to reposition and rebuild GM’s former services and land.
“Our investment in Anderson’s domain allowed us to identify our initial presence in North America, a move that proved positive for the company from the outset,” Ferro said at a press conference about the award.
Anderson Mayor Thomas Broderick Jr. said Sirmax’s investment in Anderson “has our community creating wonderful jobs and returning unused assets to productive reuse. “
Sirmax, in Cittadella, is one of the largest PP manufacturers in the world and is marketed in the automotive, household appliances, forced tools, construction, furniture and other markets. The company operates thirteen production plants worldwide: six in Italy; two in Poland, India and the United States; and one in Brazil.
Customers using Sirmax are Whirlpool, Bosch-Siemens, Electrolux, Philips, Honeywell, ABB, Volkswagen Group, Daimler, BMW and Audi. The company employs another 800 people and achieved a turnover of 480 million euros ($565 million) in 2021.
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