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10-19-2007

Lati: Joint Venture with RadiciGroup

RadiciGroup Plastics, Bergamo, Italy, and Lati Industria Termoplastici, Vedano Olona, Italy, have signed a letter of intent to form a fifty-fifty joint venture to develop the Chinese engineering plastics market.

The joint venture’s headquarters and production base will be in Suzhou at the RadiciPlastics Suzhou Co., Ltd. compounding plant. The new company named Lati-Radici Suzhou Co. Ltd. will manufacture and sell a broad range of engineering plastics under their corresponding brand names in the Southeast Asian market. Furthermore, the joint venture will market all the compounds produced by both parent companies that, for the time being, will not be manufactured at the Chinese site, as the production lines are not yet installed.

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