RadiciGroup: Excellent 2010 Preliminary Results
RadiciGroup – a vertically integrated, Italian multinational engaged in chemicals, plastics and synthetic fibres — achieved sales of EUR 467 million in Chemicals (+ 61% over 2009) and EUR 235 million in Plastics (+ 78% over 2009).
With production sites at Novara, Villa d’Ogna, Casnigo, Italy and Zeitz, Germany, the Chemicals Business Area is an essential upstream link of RadiciGroup’s vertical integration. After a difficult 2008, from May 2009 on the company started to record a rise in both volumes and prices. This trend lasted for all of 2010, and the financial year closed with sales revenues only slightly below EUR 470 million.
The 2010 results were also good for the RadiciGroup Plastics Business Area. With its six production plants – strategically located in Italy, Germany, Brazil, and China – and a strong network of sales units ensuring a global presence in the market, RadiciGroup Plastics is one of the most highly regarded manufacturers of polyamide and polyester engineering plastics. The business area has 225 employees in Europe and a total of 172 employees in the U.S.A., Brazil, China and India. 2010 was closed with an increase of 78% compared to the prior year and the company expects to approach sales revenue of EUR 300 million in 2011.
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