Turnover and production on the rise for the Italian compounder

A compounder based in the Marche region of Italy, Fainplast closed the year 2014 with a turnover approaching 100 million euros, a rise of 4% as compared to the previous year, and with an increase in production capacity of over 13%. Exports have accounted for 55% of the turnover, highlighting the fact that a high degree of product specialization and  technology makes it possible for this company with strong local roots to compete on the global market.

The growth trend of the company, headed by Battista Faraotti along with his son Daniele, has seen a steady increase in both value and trade volumes in little over 20 years as a result of ongoing investment. The investments foreseen in the industrial plan of 2014-15, having just entered the execution phase in recent months, are valued at 4 million euros and have been mainly focused on product research and development, the improvement of production lines and the enlargement of the Ascoli facilities by 35%. It is from here that about 80 million tons of compounds leave each year, destined for companies operating in various trade sectors throughout the world.  These winning strategies having led Fainplast to acquire leadership over the European market.

The first months of 2015 have also registered an 11% growth in the Italian market, confirming a slight upturn in the domestic economy.

The company’s president, Battista Faraotti, explains: “The positive results make us determined to continue in this direction. The decision to specialize in compounds allows to focus on improvement of both the product and customer services, in order to supply top quality plastic materials to those companies that require the highest technological levels, such as those involved in the production of photovoltaic cables, transport, sport, furnishings, building, and footwear. In this last case, the degree of specialization achieved on the Evatech compound has led to a 65% increase in trade volumes.” Steady expansion which has also had a positive effect on employment, with new jobs being created in the last year, in the R&D and production departments in particular.