So.F.Ter’s hard pursuit of Mexican footwear industry
Thermoplastics compounder So.F.Ter (Forli, Italy) has invested about $5 million to expand its presence and capacity in Mexico to meet what it predicts will be renewed interest in the company’s portfolio, most especially its TPEs for the footwear market.
July 13, 2009
The expansion of So.F.Ter México includes a new building in the industrial and logistics zone of Guanajuato Puerto Interior, near Léon. The new headquarters includes the offices, labs, and production plant within a built area of 5000m2, with compounding capacity increased by 50% to 10,000 tonnes/year. So.F.Ter has been in Mexico since 2006 and counts footwear from HH Brown, Timberland, and Flexi in its base of customers. According to Luigi Carfagnini, general manager of the compounder’s business in Mexico, “Mexico has some of the highest growth potential in the world, also because many U.S. companies are moving their production here.” He added the company also intends to add to its business in the automotive and appliance industries.
So.F.Ter also has a business in Brazil, where since 2005 it compounds thermoplastic vulcanizates (TPVs).
The company has posted dynamic growth in recent years, with output and revenue increasing between 2005 and 2008 from 43,000 tonnes to 60,000 tonnes, and from €69 million to €93 million, respectively. —[email protected]
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