RadiciGroup Performance Plastics Publishes 2015 Results
RadiciGroup Performance Plastics, a business area of RadiciGroup – an Italian manufacturer with sales revenue of EUR 1,011 million and diversified businesses focusing on chemicals, plastics, synthetic fibers and nonwovens – closed the 2015 financial year with consolidated sales revenue of EUR 277 million, a 9% increase over 2014 (+12% compared to 2013).
The more than satisfactory results for the 2013-2015 three-year period show a business area in constant growth, with an upward trend continuing through the first half of 2016. A breakdown of RadiciGroup Performance Plastics sales revenue for 2015 is as follows: 54%, sales in Europe (16% Italy / 38% rest of Europe), and 46%, sales outside Europe.
“Last year we closed the financial year with consolidated sales revenue of EUR 277 million,” said Luigi Gerolla, CEO of RadiciGroup Performance Plastics. “And, assuming the good trend recorded during the first six months of 2016 continues during the second half, we expect growth of about 3%. During the 2016-2017 period, a 20% increase in worldwide production capacity is planned: in Europe (with special emphasis on Germany), as well as in North America, South America and Asia.”
In 2015, automotive was the driving segment of the company. The US, China and Germany were the markets where automotive performed particularly well. Automotive generated about 60% of RadiciGroup Performance Plastics’ sales revenue.
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