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Brazil offers excellent growth opportunities to Radici
23
Feb '08
RadiciGroup has just celebrated ten years in Brazil, one of the Group's most strategic markets. This country offers excellent investment and growth opportunities for Group companies RadiciFibras Ltda and Radici Plastics Ltda in the fields of nylon and acrylic yarn, engineering plastics, copolymers and elastomers.

The two Brazilian firms achieved good results in 2007. RadiciFibras Ltda, with two sites covering an area of 300,000 square metres, had gross revenue of about BRL 301 million (equivalent to about EUR 117 million). RadiciFibras Ltda annually produces about 34,000 tons of acrylic fibre and 7,000 tons of polyamide yarn for the Brazilian furnishings, clothing and protective fabrics markets.

Radici Plastics Ltda, on the other hand, attained revenue of about BRL 100 million (about EUR 39 million). The latter firm has been active since 1997 in the production and sale of polyamide 6 and 66 engineering plastics and copolymers for the Brazilian automotive, electric/electronics, packaging and industrial products sectors.

“During our 10 years in Brazil, we have invested about USD 110 million (equivalent to about EUR 75 million),” said Angelo Radici, chairman of RadiciGroup, in the course of a meeting with Waldir Agnello, vice president of the Legislative Assembly of the state of São Paolo, “and we are determined to continue investing. This country has great potential yet to be tapped. We intend not only to improve the quality of our products and increase our market share in the plastics and synthetic fibres sectors, but also to offer new high-tech products.”

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