Italian compounder Sirmax Group, known for its expertise in polypropylene compounds, engineering plastics, thermoplastic elastomers, recycled polymers, and more recently biocompounds, announced it started building a new compounding factory in India.
It will be the company’s third facility in India upon completion, and its fourteenth global plant. The new facility is being built near Hosur, located in the southern state of Tamil Nadu, and is scheduled to start operations in 2026. Sirmax did not disclose the capacity of the new factory, but it said it is expanding the capacity of its existing Palwal plant, located near India's largest automotive district, by 15,000 tonnes per year. The Padua-based company said it aims to increase its production capacity in India to over 60,000 tonnes per year, with a total investment of around $10 million.
The operations are part of the group’s strategy to boost its foreign subsidiaries, and in particular to meet increasing demand for thermoplastics compounds in Southeast Asia, it said in a statement.
“At this pivotal moment in history, India stands out as the sole global region experiencing genuine growth,” said Sirmax’s President and CEO Massimo Pavin. “The country has a large domestic market and is an important hub for Southeast Asia. I take great pride in these expansion projects, as they not only solidify Autotech-Sirmax India, but also establish the groundwork for even more substantial future growth,” he added, referring to the joint venture with India’s Tipco Group.
Sirmax also added compounding capacity in the US, Italy, and Poland back in 2021. Founded in the 1960s, Sirmax has six plants in Italy, two in Poland, one in Brazil, two in the US, and is now adding a third to its India operations.