ECONOMY AND MARKET
Italian technology plast / April 2023
022
Oldrati Group Ends 2022 at 180 Million
With aggregate 2022 turnover of 180 million euros , Oldrati once again confirms itself as a company in continuous evolution : out of the total Group turnover , manufacturing stands out (+ 22 % compared to 2021 ), other sectors stable . 2022 has just end and Oldrati Group – one of the most important international groups in the production of rubber , plastic and silicone products – has been able to cope with rising electricity costs and raw material shortages in the best possible way , closing at breakeven at the aggregate level , with sales of about 180 million . The past months have shown particular dynamism , especially for the three main outlet sectors : manufacturing , automotive and household appliances . In manufacturing , there was a 22 % year-on-year growth , thanks to progressive diversification and product expansion . In home appliances , on the other hand , Oldrati Group recorded a technical decline of 3 % compared to 2021 , a boom year for this sector with + 25 % of Oldrati sales and + 18 % for the sector as a whole , according to Applia . In the automotive sector , on the other hand , stability was achieved in sales compared to 2021 , despite there being a 4.6 % reduction in registrations according to Unirae . The other segments denoted continuity in turnovers . These results are under the banner of a particularly challenging 2022 that has tested the polymer processing
Manuel Oldrati , CEO of Oldrati Group sector . In the first part of the year , there was a shortage of some raw materials and thus a sharp increase in their cost , as a result of which it was impossible to meet all customer demands . Starting in the summer , in addition , there was an increase in energy costs , which greatly impacted an energy-intensive entity such as the Oldrati Group . Oldrati has been able to cope with these situations in the best possible way thanks to its partnership with its customers . In fact , as Manuel Oldrati , CEO of Oldrati Group , said , “ From 2023 we expect great results with a 7 percent growth in turnover : we will continue to push business growth thanks also to the completion of the new plant in Adro , destined to strengthen the High Tech Polymers Division . The increased capacities will allow us to improve our customer service . Always with the idea of forging a strong relationship with our partners , in 2022 we have increased human resources in technical and commercial areas in the order of 20 percent . Undoubtedly , the rising costs of raw materials and electricity still
Plastindia , RadiciGroup Introduces its New Industrial Organization
remain the most critical point we will have to deal with in this new year .”
Sirmax is “ Great Place to Work ” Certified
Sirmax , manufacturer of polypropylene compounds , engineering polymers , elastomers , post-consumer circular polymers and bio compounds , has received the Great Place to Work ® Certification , awarded by the Great Place to Work ® Institute . The international certification recognizes the company as a quality workplace and paves the way for it to join the ranks of the best workplaces in Italy , Europe , and the world . Throughout 2022 , Great Place to Work ® analyzed several companies , collecting and listening to employee feedback through anonymous questionnaires designed to investigate 5 aspects : Respect , credibility , fairness , pride , and cohesion . The result was a broad appreciation for the policies im-
Sirmax has received the Great Place to Work ® Certification , awarded by the Great Place to Work ® Institute
RadiciGroup High Performance Polymers is participating in Plastindia with its renewed industrial organization , which will soon be able to count on its new production plant now under construction in the city of Halol ( Gujarat ). The revamped organization has been made possible by the recent acquisition of the Engineering Plastics business of Ester Industries Ltd and will allow RadiciGroup to better develop a stronghold in the Indian market . RadiciGroup has had a salesforce in India since 2006 and now has strengthened it presence with a production unit at the service of local customers , so as to offer not only high-quality innovative products but also prompt and efficient service . Hence , Plastindia is an opportunity to showcase the consolidated global portfolio of RadiciGroup solutions for diverse sectors – from automotive to electrical / electronics , water management and consumer and industrial goods – recently expanded by the Estoplast ® offering . The latter provides solutions for any type of need and industry , also including products that are certified to UL 94 , the most well-known standard for flammability testing of polymers . “ At the trade fair , we are exhibiting a number of applications made with Radilon ® and Radiflam ®, among which special automotive and e-mobility grades ,” pointed out Federico Percassi , newly appointed country manager – India of RadiciGroup High Performance Polymers . “ These sectors are also strategic ones for the Indian market , and we have to research and develop products that can meet the most stringent performance and safety requirements . Moreover , we are introducing products approved for the electrical / electronics and telecommunication industries , where , alongside a range of wellestablished materials ( for instance , UL V0-rated Radiflam ®), we can also take advantage of the experience of Ester Industries . Other markets we are focusing on are water management , which requires safe products and high performance characteristics for metal replacement ( notably special Radilon ®, Radistrong ® and Radistrong ® Aroma ), and the wide world of consumer and industrial goods , where our materials have to ensure very high technical performance .” In conclusion , Cesare Clausi , global sales manager of RadiciGroup High Performance Polymers noted : “ Being close to the industrial sites of our customers is essential to guarantee high quality standards and innovative sustainable solutions for products and processes worldwide . This way we can create synergies in R & D , sales and marketing , and technical support with our global organization . Thanks to our own production site in India , we have added a key component to the Group ’ s internationalization strategy , and , along with our site in China , we have increased our production capacity and efficiency level on the Asian continent in order to serve as a strategic partner for our customers by developing increasingly advanced solutions for their needs .” www . plastmagazine . it