Home / Knowledge / News / Textiles / Synthetic fibres sales revenue up at RadiciGroup
Synthetic fibres sales revenue up at RadiciGroup
08
Feb '11
RadiciGroup, an industrial multinational engaged in the chemicals, plastics and synthetic fibres businesses, closed the year 2010 with preliminary financial results, as follows:

• Consolidated sales revenue of EUR 1,162 million (+50% compared to 2009)
• Gross operating margin of EUR 140 million (+185% compared to 2009)

Sales revenue for all RadiciGroup business areas rose, compared to the prior year:

• Chemicals: +61%
• Plastics: +78%
• Synthetic fibres: +38%

RadiciGroup, an Italian multinational engaged in chemicals, plastics and synthetic fibres, with production and sales sites in Europe, North America, South America and Asia achieved consolidated sales of EUR 1,162 million in 2010, an increase of 50% compared to financial year 2009 (+26% over 2008 and +7% over 2007).

The RadiciGroup gross operating margin for 2010 was EUR 140 million (12% of sales) against EUR 49 million of the prior year, thus registering an increase of 185%. Sales revenues for each of the Group business areas rose:

Chemicals: EUR 467 million
PA6 and PA66 polymers, adipic acid, hexamethylenediamine, AGS dicarboxylic acid mixture, nitric acid, KA oil, esters;
PET preforms
KEY BRANDS: Radipol - Radichem - Starlight

Synthetic fibres: EUR 570 million
PA6 and PA66 yarn, PA6 staple fibre, PET yarn and fibre, BCF and high-tenacity BCF yarn, acrylic yarn and top, polyolefin and polyamide artificial grass yarn, and elastane yarn. Additionally, RadiciGroup makes spunbond nonwovens.
KEY BRANDS: Radilon - RadiciNylon - Radyarn - Starlight - Micrell - Micralon - Nanofeel - Radifloor - Raditeck - Crylor - Radigreen - Radelast - Dylar

“The Group's performance in 2010 was really outstanding,” stated RadiciGroup Chairman Angelo Radici. “Our sales grew over 60% in the chemicals sector and almost 80% in plastics. Even fibres sales rose by 38%. In spite of the unfavourable raw materials environment in which prices continued to climb during 2010, our margins improved. At the world level we experienced a recovery in demand, and in our key businesses we either maintained or increased our market share.

“In Europe, our most important sales region, we managed to grow by benefiting, on one hand, from a greater imbalance in supply and demand on account of a number of restructurings in the chemicals and fibres industries and, on the other, from an increase in demand. Sales also increased in Asia and in the Americas, particularly North America, where we strengthened our position thanks to the acquisition of American compounder Michael Day in January 2010.”

“In the course of the years we have maintained a constant level of commitment focusing on our strategic businesses,” continued Mr. Radici. “To contend with the difficult two-year period 2008 - 2009, we had to expend extra effort and make choices that were often not easy: from the closing of some businesses, considered to be lessstrategic and less integrated with respect to our core businesses, to the reorganization of production sites, in some cases resorting to the use of ordinary and extraordinary layoffs and mobility, according to the law.”


Must ReadView All

Sri Lanka to set up 150 mini apparel units

Apparel/Garments | On 23rd Nov 2017

Sri Lanka to set up 150 mini apparel units

A mini apparel factory was opened recently at Sri Lanka’s Menik Farm...

Egypt keen to boost ties with India in MSMEs, textiles

Textiles | On 23rd Nov 2017

Egypt keen to boost ties with India in MSMEs, textiles

Egypt is eager to boost cooperation with India, particularly in the...

India begins review of anti-dumping duty on caustic soda

Textiles | On 23rd Nov 2017

India begins review of anti-dumping duty on caustic soda

The Directorate General of Anti-Dumping & Allied Duties (DGAD), under ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search