India’s plastics market booming RadiciGroup at PlastIndia 2018: focus on nylon specialties
| Subj: Press-releses
Radici Plastics India is representing RadiciGroup — one of the world’s leading producers of polyamide engineering plastics — at PlastIndia 2018, to be held from 7 to 12 February in Gandhinagar, India. The event takes place every three years and attracts over 200,000 visitors from all over the world.
PlastIndia 2018, the 10th edition of the exhibition, is a major international trade show for the plastic industry, which is experiencing booming growth in this Asian country. Indeed, according to a comment published by the PlastIndia Foundation, plastics consumption in India is forecast to rise from the current 12 million metric tonnes per year to 20 million metric tonnes per year by 2020, and the country will have 180,000 plastics processing machines installed by 2020, compared to the current 113,000.
“Among the emerging countries, India plays an important role for our business area,” said Silvio Dorati, managing director India of RadiciGroup Performance Plastics. “Since the very beginning of our business operations in this country, our objectives have always been growth and being close to our customers with a structured organization and a wide innovative product portfolio. Since 2013, we have been collaborating with a local toller, but we do not rule out potential acquisitions that would be a fundamental step towards consolidating our presence in this market, which is growing at rates around 6–7% per annum, particularly in rapidly expanding sectors such as automotive, electrical/electronics, construction and infrastructure.”