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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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