RadiciGroup: positive results for 2019

RadiciGroup: positive results for 2019

The manufacturer of synthetic fibers and yarns, RadiciGroup, Gandino/Italy, closed financial year 2019 with consolidated sales revenue of €1,092 million (2018: €1,211 million). The group with 3,100 employees in 16 countries engages in the chemicals, engineering polymers and synthetic fibers businesses.
Crucial to maintaining the Group’s competitiveness and development in 2019 was the decision to continue allocating sizeable investments – totaling over €45 million – to the constant technological upgrading of plants and equipment, as well as to business sustainability. In particular, €7.6 million was earmarked for implementing Best Available Techniques, enhancing energy efficiency, emission abatement and R&D activities aimed at adding to low environmental impact processes and products.
At the beginning of 2020, the purchase of shares in Radici Plastics France SA, St. Priest/France, was completed, thus giving RadiciGroup a majority interest in the French company engaged in the sale of engineering polymers. The group also acquired Zeta Polimeri Srl, Buronzo/Italy, a company specializing in the recovery of synthetic fibers and thermoplastics.

Source:
dfv media group
More information: RadiciGroup annual sales