Plastics-Recycling – Biotechnology
Crude Oil Prices Trend
Underway in India, the acquisition of the Engineering Plastics business of Ester Industries Ltd. with the objective of keeping up the Group’s global growth trend
With total sales of EUR 1.508 million generated by over 30 production and sales units in Europe, Asia and America, RadiciGroup closed its 2021 financial year with positive results, despite the difficulties due to the lingering effects of the pandemic and the steep increase in the cost of raw materials and energy, especially during the latter part of the year.
The Group – led by brothers Angelo, Maurizio and Paolo Radici – continued to pursue its strategy of focusing on the core businesses considered to be strategic and synergistic, such as nylon chemicals, engineering polymers and advanced textile solutions, while, at the same time, introducing new products, such as a line of personal protective equipment for medical and industrial use.
EBITDA reached EUR 268 million, and net income for the year was EUR 150 million.
“The figures recorded in 2021 were good, but certainly very difficult to replicate,” Angelo Radici, president of RadiciGroup, commented. “The reason is that the increase in sales came about more as a result of the ‘price increase’ effect caused by a sharp jump in the cost of raw materials and energy. However, we demonstrated our great ability to react, seizing opportunities that we were able to realize fast and efficiently, with the help of our collaborators at all levels. The year 2022 started off with the entire industrial world facing great difficulties, created by the uncertainties related to the precarious international geopolitical situation. This new state of affairs prevents us from forecasting cost trends, energy and gas in particular, which, in a company like ours, affect both raw materials and processing costs. We entrepreneurs find ourselves dealing with a situation that makes medium- to long-term planning almost impossible. In this context, the second half of 2022 remains a matter of great concern, especially if the negative variables relating to the war – gas and energy costs – do not change. Nevertheless, we can always count on our people, who, even in such adverse circumstances, have been working with great commitment, flexibility and a spirit of adaptation.”
Despite this situation, RadiciGroup considers it essential to continue making investments.
“In 2021, the Group invested EUR 53 million financed from cash flow,” Alessandro Manzoni, CFO of RadiciGroup, emphasized. “There was no impact on net financial position, which registered an improvement over 2020, as did all our balance sheet ratios.”
Furthermore, in spite of the complexity of the period, in 2022 the Group shareholders have kept on with their significant investment plan aimed at strengthening RadiciGroup’s presence in global markets and improving its competitiveness.
Indeed, the Group has moved forward, according to plan, with the acquisition of the Engineering Plastics business of Ester Industries Ltd., an India-based company engaged for decades in the production of engineering polymers and listed on the Bombay Stock Exchange. RadiciGroup’s EUR 35 million investment in this transaction furthers the internationalization strategy of its High Performance Polymers business area.
The Plastics Recycling Show Europe (PRSE), the pan-European exhibition and conference dedicated to plastics recycling, returns to Hall 12 at the RAI Amsterdam, The Netherlands on 22-23 June 2022.
“The free-to-attend Plastics Recycling Show Europe conference and exhibition is the focal point of plastics recycling in Europe,” said Ton Emans, Plastics Recyclers Europe President. “Now in its sixth edition, PRSE is a must-visit event to discover all the latest technical and commercial developments and stay up to date with the legislative landscape of our industry.” Plastics-Recycling – Biotechnology
The Plastics Recycling Show Europe is designed specifically for plastics recycling professionals. It brings together key players from the plastics and recycling sectors to showcase innovative technology, share best practice, network and do business. A broad cross-section of the industry is represented at the event including plastics recycling machinery and equipment suppliers, plastic material suppliers and compounders, pre-processors, plastics recyclers, waste management specialists and industry associations.
Over 200 companies and organisations from across Europe have already signed up to exhibit at what will be by far the largest PRSE show to date including: Aimplas, Berry Global, Bollegraaf, Ettlinger, Evonik, FIMIC, Kraton Polymers, Krones, Milliken, NextChem, Pellenc ST, Starlinger, Veolia and Zen Robotics. The latest trends in the plastics recycling sector will be explored in depth throughout the free-to-attend two-day conference, which provides a holistic view of the whole plastic recycling value chain, drawing together political leaders, major brands, recyclers and the plastics recycling and manufacturing industry.
Mattia Pellegrini, Head of Unit, Directorate-General for Environment at the European Commission is the keynote speaker for the opening session, entitled Plastic Recycling – Piece of the Puzzle.
Conference sessions will cover the latest political and legislative developments in plastics recycling in Europe.Materials focus sessions will explore the challenges, issues and opportunities within the sector for mechanical recycling, covering PET, PVC and Technical Plastics, polyolefin waste streams, PP and PS recycling.
Speakers in the PET Recycling session include Bastiaan Schupp, Legislative Officer, DG SANTE – DG for Health and Food Safety, European Commission. He will be joined by Nicholas Hodac, Director General of UNESDA Soft Drinks Europe presenting Making soft drink packaging fully circular by 2030 and Antonello Ciotti, President of Petcore Europe whose talk is titled PET: a value chain on the forefront of ecological transition. Plastics-Recycling – Biotechnology
Plastics-Recycling – Biotechnology