Successful year for Radici but there may be trouble ahead
11/07/2019
The group’s president, Angelo Radici, described 2018 as “an exceptional year”, but said the second half of the year saw the “first symptoms of a slowdown”. He added that this has continued in 2019 and that Radici expects the second half of the year to be tougher.
“The global scenario in which our companies operate is most certainly affected by the uncertainties caused by the US-China import tariffs battle and by general geopolitical instability. Another factor weighing heavily on our business is the contraction in the automotive market,” he continued.
“We are trying to handle this difficult situation by putting a lot of effort into research and innovation aimed at widening our product portfolio, by adding materials with low environmental impact and creating new market opportunities catering to the growing environmental concerns of companies.”
The group intends to continue its focus on its core businesses, which include chemicals for nylon production, engineering polymers and synthetic fibres.
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