Le Val d’Hazey, October 26, 2022 – A few months after announcing the opening of the firm’s Italian subsidiary* and the inauguration of its new French production site at Le Val d’Hazey, SKYTECH, the French greentech specializing in the production of premium recycled resins for industrial applications and plastics manufacturers, announces the acquisition of an industrial site in the Lombardy town of Pozzaglio ed Uniti, intended to house its future production facility in Italy.
This site, located near the city of Cremona in Lombardy , has a total surface area. of 13 hectares (32 acres), including 29,000 square meters (312,000 sq. ft) of buildings that will be completely modernized to accommodate the various production lines for premium recycled plastics. The works will start as soon as SKYTECH has obtained the AIA (Autorizzazione Integrata Ambientale) certification from the Italian authorities, the Italian equivalent of the French ICPE (Installations Classées Protection de l’Environnement) classification. (
SKYTECH will recruit locally more than 70 employees over the next two years for industrial and support functions. The company’s ambition is to start production at this new site before the end of 2023 to reach a production capacity of more than 50,000 tons in 2025.
SKYTECH plans to invest around 20 million euros with the support of its shareholder Xerys Invest to transform and modernize the production site. SKYTECH will recruit locally more than 70 employees over the next two years for industrial and support functions. The company’s ambition is to start production at this new site before the end of 2023 to reach a production capacity of more than 50,000 tons in 2025.
“We are very pleased to announce the acquisition of this new site, which will enable us to deploy industrial capacities outside France and accelerate our international development, in line with our ambitions and our roadmap. Italy represents a very promising potential market for our business, both in terms of supply (established collection channels for WEEE and ELV) and in terms of outlets, with a large industrial networkof SMEs and a dynamic automotive industry. Our project has been very well received by the municipality and we are delighted to be able to start refurbishment work on the site as soon as possible,” says Christophe Lamboeuf, SKYTECH’s CEO.
*The creation of SKYTECH’s Italian subsidiary in April 2022, officially announced in early July 2022, is headed by Giovanni Reggio, a chemical engineer from Milan Polytechnic who has extensive experience in the chemicals industry and was previously Head of Operations for a production site at Dow Chemical.
A company active in the intelligent and sustainable circular economy, SKYTECH contributes to revolutionizing the plastics industry with eco-plastics. SKYTECH produces premium recycled materials from complex plastic waste for industrial applications. After many years of R&D carried out with support from ADEME, SKYTECH has developed a proprietary, innovative sorting platform enabling the separation of post-consumer polymers at a purity rate greater than 99% as well as their granulation. SKYTECH offers a concrete answer to the challenge facing the plastics industry, namely, how to evolve their product to serve eco-design as well as to address a major environmental issue at the heart of society’s concerns. As a company, SKYTECH also strives to limit its own environmental impact with a production line delivering first class energy performance. SKYTECH has been supported since its founding by Xerys Invest.
About XERYS INVEST
Xerys Gestion is a French investment company primarily positioned on trending sectors that include healthcare & Life Sciences, renewable energy, Greentech and new digital technologies. As such, Xerys Gestion supports companies in industries undergoing major transformation to address economic, environmental, and societal challenges and that have great ambitions for their growth and international expansion.
In its market, Xerys Gestion stands out as much for its modus operandi and the strategic and operational support it provides to portfolio companies, as for the range of à la carte investment opportunities offered to investors and the firm’s close relations with them, or its sector-based approach. Lastly, Xerys Gestion has considerable sector expertise, bolstered by a strategic committee made up of recognized specialists and experts in key sectors.
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