FINPROJECT JOINS VERSALIS: 100% OF THE SHARES OF THE MARCHE GROUP TRANSFERRED TO THE ENI CHEMICAL COMPANY
The transaction was carried out with all Finproject management and employees remaining on board, and will enable Versalis to create a top value supply chain in the market of polymers for special applications
Morrovalle, Macerata 22 September 2021 – Finproject announces that it has started the procedure which will result in the transfer of 100% of its shares to Versalis, Eni’s chemical company.
The Finproject industrial group, based in Marche region, is a leader in the manufacture of thermoplastic cross-linkable compounds and in the moulding of products for the footwear industry as well as products in ultralight material under the XL EXTRALIGHT® brand.
“This industrial transaction means so much to us because it represents placing the company firmly within Italy’s industrial history while also decisively investing in the company’s future. When it all began, in 1965, we never could have imagined that we would contribute so significantly to a transformation that has led us to be recognised as a genuine point of excellence within our industry” affirmed Maurizio Vecchiola, Chairman and Chief Executive Officer of Finproject.
The transaction was carried out with all Finproject management and employees remaining on board, and will enable the company to face increasingly compelling challenges, acquire new skills and become stronger and more international than ever.
The agreement entered into demonstrates that from one hand we can strive to change the dimension of our business while maintaining our steadfast Italian roots; on the other hand, it allows Versalis to add a product range to its portfolio downstream of the supply chain and solutions that will contribute to accelerating the ongoing energy transition, while focusing considerable attention on sustainability. The agreement also offers added value, in light of the current economic situation that Italy is experiencing and the complex global post-Covid scenario.
And that is not all. Our region will be able to benefit from the presence of a solid player that has always worked with the utmost social responsibility for local communities. Maurizio Vecchiola continued: “When we began our discussions with Versalis (Eni), it was clear to us that we were speaking the same language, and that we could count on a strong correspondence between our values – care and attention for people and the community first and foremost – which is also due to the very geographical origin of the founders of the two companies: Marche, our culture and our robust way of doing business in close connection with people and our region”.
XL EXTRALIGHT® SUSTAINABLE+ RECEIVES INTERNATIONAL CERTIFICATION GRS GLOBAL RECYCLE STANDARD
Finproject is pleased to announce that the special SUSTAINABLE+ formulation of its XL EXTRALIGHT® brand has received GRS certification (Licence Number – ICEA – TX – 116) – Global Recycle Standard. This is the standard defined by Textile Exchange.
GRS – Global Recycle Standard identifies products obtained from recycled materials and manufacturing activities, certifying companies’ commitment to respect environmental and social criteria throughout the production chain.
Textile Exchange is a non-profit organisation working internationally to promote and develop responsible sustainability in the textile industry.
Based in the USA, it brings together approximately 300 organisations, including some of the most important retailers and brands, committed to promoting policies and practices of environmental and corporate social responsibility.
XL EXTRALIGHT® strives for innovation while respecting and protecting the environment and moving towards a circular economy model. The entire production cycle is designed and engineered to limit production waste, using clean energy from our photovoltaic systems. Every component of XL EXTRALIGHT® products is analysed and checked according to the highest safety standards. XL EXTRALIGHT® technology is free from harmful solvents, heavy metals and toxic substances.
With the development of Sustainable+, 51% of which derives from a highly engineered process of recovery, recycling and blending of waste and by-products from the group’s plants and that preserves 50% of the mineral resources, Finproject takes its commitment to environmental sustainability and its dedication to recycling to the extreme.
VERSALIS’S CEO, ADRIANO ALFANI, VISITS FINPROJECT HEADQUARTER
In recent days, Adriano Alfani, CEO of Versalis (Eni), took part in the welcome visit organized in the Finproject Industrial Group Headquarter, in Morrovalle.
The industrial partnership between Finproject and Versalis, Eni’s chemical company, was one of the last transactions announced in the days immediately prior to the lockdown that brought the country to a halt.
The Finproject – Versalis transaction is creating a new industrial competence centre specialising in special plastic materials that will play a leading role in the development of the sector in Italy and globally.
Finproject’s positioning on the market for high added-value applications is integrated with Versalis’s technological and industrial leadership in the chemical industry, creating a significant value chain. Together, they will develop new materials with a sustainability and circularity approach, creating solutions that can bring innovation to countless strategic sectors such as wire and cable, footwear, automotive, design and many other emerging industries. All this while looking to the future with a view to social, environmental and economic growth.
XL EXTRALIGHT® is pleased to announce the exclusive launch of the IONI MASK in partnership with the Italian designer Alessandro Zambelli
A new mask, easily sanitized, that guarantees bacterial filtration with practically infinite self-regeneration, making it a sustainable product that can be reused over time.
XL EXTRALIGHT®, an Italian Finproject Group brand, decided, together with Alessandro Zambelli Design Studio, to sign an agreement for the development, production and marketing of the IONI MASK.
IONI MASK represents an innovation and a clear technological breakthrough in the mask market: it is the fruit of the partnership between the ingredient brand XL EXTRALIGHT® and the designer Alessandro Zambelli, owner of the FAg+ filter patent, which brings us a designer mask that takes its shape from careful studies focusing on ergonomics and fit.
The IONI MASK is constructed from a shell, that comes into contact with the face, made from XL EXTRALIGHT®, an ultralight, closed-cell bacteriostatic material, free from latex, nickel, phthalates and heavy metals.
The core element of this product is the filter using innovative FAg+ technology, which guarantees bacterial filtration, upon both inhalation and exhalation, thanks to its silver ion treatment, with a vital self-regenerating function that never needs replacing.
The IONI MASK is not a medical device or PPE, and nor does it replace them. It is a freely sold face mask, manufactured in accordance with Italian Decree Law no. 18 of 17 March 2020, intended for generic use and constituting an environment-friendly solution which is easily sanitised and can therefore be reused over time. The filter must be washed only with running water. The shell can be washed with alcohol-based solutions or water and neutral soaps.
The IONI MASK encompasses three elements: protection, prevention and sustainability, combining the characteristics of the innovative materials inserted within it.
The mask has also obtained bacterial filtration efficiency of over 95%, proven by the Micro-B chemical and microbiological analysis laboratory, accredited by Accredia.
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Ranking of the leading companies in the Marche Region. Finproject on top
Few days ago the Aristide Merloni Foundation organized in a video-conference the event “the Ranking of the leading companies in the Marche Regione”. The Ing.Francesco Merloni did the honours, while the elaboration and representation of the ranking was coordinated by Prof. Donato Iacobucci. Case History was dedicated to Finproject with the participation of our President and CEO Maurizio Vecchiola. Finproject S.p.A. conquers first place in the Macerata area, with a growth of 12.9% for about 229 million turnover.
Finproject signs the closing agreement for the acquisition of a 40% of its capital by Versalis
Today our Group has formalised the closing agreement with Versalis, Eni’s chemical company, that has acquired shares in our capital replacing Vei Capital.
The transaction was announced shortly before lockdown.
The closing agreement formalises the creation of a leading all-Italian company in the polymer supply chain for special purposes.
The docu-film “Vulnerabile bellezza” directed by Manuele Mandolesi, triumphs at the “Globo d’Oro”
The docu-film “Vulnerabile bellezza” directed by the movie director Manuele Mandolesi, triumphs at the “Globo d’Oro” as the best documentary 2020.
We want to congratulate Manuele Mandolesi for this important award. We are happy to have contributed to the realization of this project that involves our territory, Le Marche, and our people affected by the tragic effects of the 2016-2017 earthquakes.
Sustainable innovation. Finproject joins the SPRING cluster.
Finproject, for the second year running, becomes member of the italian cluster of green chemistry, SPRING, aimed at developing the bio-industries in Italy through a holistic approach to innovation, meant to revive the Italian chemical sector under the name of environmental, social and economic sustainability.
The cluster’s aim is stimulating research and investments in new technologies in the bioeconomy sector, while constantly engaging in a fruitful dialogue with the stakeholders in the local areas, in full respect of biodiversity.
Discover more on http://www.clusterspring.it/luoghi/finproject-s-p-a-2/
The Finproject Industrial Group donates 200.000 euros to the territory
In this difficult moment of health emergency for the whole country, the Finproject Group takes the field to support health structures in the territories where it is present with its production sites.
The Marche-based company has allocated 200,000 euros to the ASUR of the four areas where the production sites are located, three of which in the Marche and one in Emilia-Romagna.
With the aim of speeding up the operation and making the funds immediately usable, the Group has therefore announced its commitment to directly transfer the funds to each of the 3 ASURs under the responsibility of the Marche Region – that is Macerata, Fermo and Ascoli Piceno – and AUSL Emilia-Romagna district of Fidenza, territory in which the Group is present with the subsidiary Padanaplast.
This gesture of solidarity is part of the corporate culture that has driven Finproject for 55 years and which sees the core values of its work in the sense of belonging to the territory and in social responsibility.
Finproject supported Mind Festival in Coronavirus fundraising
Finproject supported Mind Festival in the “Coronavirus – Insieme per le Marche” fundraiser, for the purchase of equipment necessary for the intensive care units. Together we will do it.