Automotive driving the growth for Radici’s Chinese business
RadiciGroup said its Chinese business, operated under the subsidiary, Radici Plastics (Suzhou) Co. Ltd, recorded a 40% growth in 2015.
“During the last two years we have significantly strengthened our presence on the Chinese market, in terms of both sales volume and sales organization and production capacity,” said Edi Degasperi, CEO of Radici Plastics (Suzhou) Co. Ltd. “After completing the installation of a new production line last October, a new investment was made this year to meet the record growth in demand.”
A fourth extrusion line is added in its Suzhou base, boosting the total capacity by about 5,000 tons per year.
“Furthermore, we have extended our sales network to shore up our presence in eastern China. Now, we boast a uniform presence across the entire country and can continue to ensure quality, efficient service, maximum flexibility and reliability: our hallmarks since our founding,” added Degasperi.
“The outlook for 2016 is decidedly positive for us,” Degasperi concluded. “We are expecting a 20% increase in sales volume compared to the past year, and the auto sector is going to be the driving force of our growth and new developments.”