Elix Polymers has announced a new investment amounting to $ 4.7 million, to optimize its ABS powder production facilities in Tarragona, Spain. The company expects to begin executing this new project in 2018, which it will continue to develop and consolidate throughout this year and 2019.
Tarragona/Spain — ABS powder is used as an intermediate product for producing ABS compounds and as an impact modifier in other thermoplastic compounds. With this new investment plan, the company plans to assure access to this intermediate product for its own production of ABS and ABS compounds, and to shore up its position in the European market as a supplier of ABS powder.
David Castañeda, Director of Operations and New Business Development at Elix Polymers, said that with the company’s strategic plan, they are seeking to accompany customers as they grow, strengthen their position in key markets and increase their international presence by accessing new market niches and specialities in the Nafta region and Asia. This investment would also allow the company to both optimize their operations and make them more flexible, he added.
To implement and develop the project, the company is collaborating with the top suppliers of the selected equipment. It will also incorporate equipment that will allow the integration of industry 4.0 in facilities operations.
Over the last two years and following its Strategic Growth Plan, the company has made investments in its facilities and its IT and management systems for the purpose of expanding, positioning itself in the market, and differentiating itself from its competitors.
According to a statement published by the company, this new investment in facilities, together with those made over the last two years, demonstrated their commitment to its production centre in Tarragona.