NEWS Radici sales up 20% to £1.15bn


Italy’s Radici Group posted a 20% increase in annual sales to €1.15bn for the 2017 financial year. EBITDA was up by 45% to €160m. The polyamides, engi- neering plastics and synthetic fibres producer said the results prove its strategy of improving its competitiveness in its core market areas and balancing its geographical spread is sound.


“Our 2017 results are very positive and show higher Group growth compared to 2016, which has strength- ened our balance sheet,”


Radici is investing in additional production lines


said Alessandro Manzoni, Group CFO. “We are also very pleased with the results of the first


half of 2018, which rose compared to the same period of 2017. However, in the second half of the year,


Asahi Kasei extends PP range


Asahi Kasei has announced the European launch of Thermylene P11, which it describes as “a next-genera- tion family of glass-rein- forced polypropylene compounds with unprec- edented strength. The new chemically-cou- pled compounds are particularly targeted at thin-wall parts, providing a melt flow of 10-25 g/10 minutes (this can be adjusted to specific custom-


er needs). They are currently available in 30%, 40%, 45% and 50% glass loadings. Thermylene P11 grades


are said to offer high tensile strength at elevated temperature, with a 40% improvement claimed over conventional glass-filled PP at 80°C and 120°C. Other attributes include improved room temperature tensile strength, fatigue and creep resistance. The P11 com- pounds also process at


lower temperatures. The main market for the new compounds is expect- ed to be interior and exterior automotive parts such as door modules, centre consoles, load floors, instrument panels, fan shrouds, battery trays, front-end modules and grille shutters. They can also be used in heat-exposed dryer components for appliances, such as lint trays. � www.asahi-kasei.co.jp/asahi/en/


we are in a more cautious position due to the new climate of political uncer- tainty, which, naturally, has an impact on markets, as well,” he said. Radici Group is planning to install two new produc- tion lines in its Performance Plastics business during 2018. The new equipment will be located at its plant at Villa d’Ogna, at Bergamo in Italy (one replacing an existing line). The invest- ment follows last year’s start up of an additional line in Germany. � www.radicigroup.com


Schenck buys RBS


Schenck Process has acquired Raymond Bartlett Snow (RBS), a US-based manufacturer of classifica- tion and thermal processing equipment, from private equity owner Arvos Group. The deal includes RBS


operations in the US, India and Brazil. Financial terms of the transaction have not been disclosed. � www.schenckprocess.com


PHOTO: RADICI GROUP


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