On Thursday 20 February 2025, Sirmax and Autotech have inaugurated the revamping and the expansion of the Palwal plant in India, increasing its production capacity by 15,000 tonnes per year reaching 30,000 tonnes per year.
Sirmax is growing in India by 15% every year thanks to the domestic market alone; the redevelopment of the Palwal production site has transformed the plant into a modern, technologically advanced facility with four new extrusion lines, state-of-the-art laboratories and new automated warehouses.
The expansion of Palwal, as part of the group's broader growth strategy that will make it one of the leading producers of technical thermoplastics and propylene-based compounds throughout India.
Achal Thakkar, Managing Director of Autotech-Sirmax India, comments the this great milestone ‘The completion of the Palwal plant expansion, reflects our commitment to provide world-class materials and solutions to our customers. This investment enables us to meet the rapidly growing demand for high performance compounds in India and international markets, while strengthening our ability to drive sustainable innovations. It is the beginning of an exciting new phase for Autotech-Sirmax India.'
The expansion in Asia continues with the beginning of construction of India's third plant in Bangalore-Hosur (in the south of the country). Construction has commenced with land preparation works on a site spanning approximately 20,000 square meters. The new plant is expected to be operational in two years and will enable Autotech-Sirmax to be a glocal supplier capable of expanding beyond the domestic market, throughout Asia.
‘Following our investment, India will be a modern hub where customers will be able to find the same know-how that exits in all other regions of the world’ explains Sirmax Group Chairman and CEO Massimo Pavin.
The total investments in India are about 10 million dollars, grounded in the strong recovery of demand in the country, but also a good performance in 2024 for the entire group, which recorded a turnover of 420 million.
This day has represented an important step for the joint venture between Tipco and Sirmax Group, which has strengthened the stable and long-standing relationship that began in 2017.
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