Finproject S.p.A. Market Research Report

Company Overview

Name and Mission

Company Name: Finproject S.p.A.

Mission Statement: Finproject is dedicated to the constant research of innovative plastic materials and projects that emphasize functionality, utility, and design. The company collaborates closely with clients and partners to ensure the highest levels of quality in performance, safety, and product usability. Finproject prides itself on being a pioneer in ultra-lightweight revolutions in the industry.

Founding Details

• Founded: 1965

• Founders: Founded under the social reason V.b.p., an acronym representing the surnames of its three founders, spearheaded by Euro Vecchiola, currently the President of the group.

Key People

• Notable Executives: Euro Vecchiola (current President)

Headquarters

• Location: Via San Gabriele, 96, 62010 Morrovalle (MC), Italy

Number of Employees

• No information is available.

Revenue

• Revenue: Approximately €188 million as of 2020.

Company Reputation

• Reputation: Renowned internationally for producing compact and expanded PVC compounds and the commercialization of ultra-lightweight products such as XL EXTRALIGHT®. It serves notable sectors including automotive, spa industry, furniture, and safety equipment.

Products

Key Products and Features

1. PVC Compounds

• Description: Granular plastic material available in various types—rigid compact, expanded, plasticized compact, and expanded. Available with non-phthalate plasticizers or sanitizing additives.

• Applications: Electric cables, window frames, pipes, gaskets, rigid and flexible profiles, footwear, containers.

2. Levirex® Compounds

• Description: Next-generation cross-linkable expandable polyolefin compound ideal for expanded and cross-linked products via injection technology.

• Key Features: Low-density, excellent mechanical properties (abrasion resistance), eco-compatible, solvent-free, and UV resistant.

• Applications: Footwear, packaging, automotive, water sports equipment, toys, interior design.

3. XL EXTRALIGHT®

• Description: Ultra-lightweight, cross-linkable, closed-cell material, known for its ultra-soft touch.

• Key Features: Three-fold lighter than typical materials, robust mechanical properties, available in mono and dual-color versions.

• Applications: Fashion, automotive, protective gear.

Recent Developments

Certifications and Achievements

1. Certifications Achieved

• ISCC-PLUS Certification: Attained for sustainable bio, bio-circular, and circular plastic products.

• Environmental and Health & Safety Certifications: ISO 14001 and ISO 45001 for the Ascoli Piceno site.

2. Rebranding

• Finproject unveiled a new brand identity in alignment with Versalis (Eni), focusing on sustainable perspectives and decarbonized products.

3. Partnerships

• Versalis Integration: Completed full integration into Versalis (Eni), indicative of expanded opportunities and collaborations.

New Initiatives

1. VinylPlus Certification

• Recognition for sustainable development in the PVC industry supply chain.

2. XL EXTRALIGHT® Sustainable+

• Achieved GRS (Global Recycle Standard) Certification, emphasizing its commitment to sustainable innovation and processes.

3. Market Position

• Achieved top performer status in the 2022 made-in-Italy supply chain ranking, peaking with a 140% growth post-merge with Versalis.

New Products or Features

• No new products specifically launched recently noted.

Conclusion

No additional commentary.