#Yarn & Fiber

2021-07-01

RadiciGroup reports good FY2020 results despite the pandemic, thanks, in part, to new investments in innovation and sustainability

RadiciGroup – an Italian multinational founded and headquartered in Bergamo and leading producer of chemicals, engineering polymers, synthetic fibres and nonwovens, with 3,000 employees in 15 countries worldwide – closed its 2020 financial year with consolidated sales revenue of EUR 1,019 million, curbing the decrease compared to 2019 to -6.7%. On the other hand, EBITDA reached EUR 173 million, up 4.4% compared to the prior year, and net income, net of amortization and depreciation, rose to EUR 87 million (+8.1% over 2019).

Throughout the year, which was inevitably impacted by the pandemic and the restrictive measures adopted to contain its spread, the Group continued its strategy of focusing on its strategic and synergistic core businesses, such as chemicals for nylon production, engineering polymers and advanced textile solutions.

Maurizio, Angelo e Paolo Radici - Shareholders of RadiciGroup © 2021 Radici Group

Generally speaking, Group performance in 2020 reflected the trend of the pandemic: a drastic drop in demand during the first half of the year after a lockdown was imposed, followed by a good recovery from September to November, which was, however, somewhat slowed down in December by an upsurge in the contagion rate. The Advanced Textile Solutions business area was more affected than the other BAs in the Group, in line with the performance trend of the textiles sector nationwide.

The year 2021 got off to a positive start: in the first quarter, sales revenue and gross operating margin went up in almost all business sectors, despite the large increase in the cost of raw materials observed in the same time period.

“FY2020 was certainly a challenging year in many respects,” Angelo Radici, president of RadiciGroup, stated. “Nevertheless, we managed to limit the negative effect of the pandemic and obtain satisfactory results, which confirm our competitiveness in the market. The new year began with a challenge: to fully seize the opportunities presented by the recovery of business activities. Although the global scenario is still uncertain, we are confident that, by leveraging the Group’s reputation as a solid and efficient company and focusing on higher value-added products, enhanced production flexibility and investments in research and development, we will be able to continue to offer our customers high-performance solutions through our collaborative effort on increasingly innovative and sustainable projects.”

RadiciGroup: 21st Sustainability Report published

RadiciGroup has published its 21st Sustainability Report, covering the year 2024, confirming more than two decades of transparency and measurement in the economic, environmental, and social dimensions. From its first Social Report in 2004 to the current reporting aligned with the GRI Universal Standards, the Group is now preparing for its next challenge: the adoption of the criteria that will be set out by the Corporate Sustainability Reporting Directive (CSRD).

Twenty years of Sustainability Report for RadiciGroup

The RadiciGroup Sustainability Report reaches an important milestone this year: twenty years have in fact passed since the Group published its first Social Report in 2004, qualifying it as one of the pioneering companies in the realisation of voluntary non-financial reporting. The document measures the Group’s achievements and the actions it has taken to reduce its environmental impact, respect social values, and implement good business management practices.

Lenzing improves profitability as strategic transformation gains momentum

The Lenzing Group reported improved operating profitability in the first nine months of 2026 despite declining revenue and a challenging market environment. Revenue decreased by 2.3 percent to EUR 1.93 billion, while adjusted EBITDA remained stable at EUR 353 million. The adjusted EBITDA margin increased from 17.9 percent to 18.3 percent, reflecting progress in the company's strategic transformation under its “Grow Nonwovens. Reset Textiles.” strategy.

Kraig Biocraft Laboratories launches performance yarn development program based on spider silk

Kraig Biocraft Laboratories has launched a development program for high-performance yarns based on its recombinant spider silk technology. The initiative follows the company's first commercial shipment of a custom spider silk yarn to a performance apparel customer and includes the delivery of spider silk samples to a textile technology company with experience in aerospace-related material development.

Lenzing and Kaihara to debut REMOD denim collection at Kingpins Amsterdam

The Lenzing Group, a global producer of wood-based fibers for the textile and nonwovens industries, has partnered with Japanese denim manufacturer Kaihara Corporation to launch the “REMOD Collection”. The collection combines three of Lenzing's fiber offerings for denim applications: TENCEL™ Lyocell Standard, TENCEL™ Lyocell – HV100 and TENCEL™ Lyocell dtex 2.2.

Stäubli to introduce new S3292 dobby for high-speed weaving at ITME India 2026

Stäubli will introduce its new S3292 dobby at ITME India 2026, taking place from December 4 to 9 at the India Expo Centre & Mart in Greater Noida, Uttar Pradesh. Designed for high-speed air-jet weaving, the new machine will be among the highlights of the company's presentation, which also includes warp preparation systems, cam motions, Jacquard technologies and digital services.

DITF develops bio-based binding fibers for wood-fiber insulation materials

As part of the CelluWoodFlex project, the German Institutes of Textile- and Fiber-Research in Denkendorf (DITF) are developing bio-based cellulose ester fibers as alternative binding fibers for flexible wood fiber insulation materials. In addition to the spinning process and the production of suitable staple fibers, the institute is also investigating how wood and cellulose fibers can be separated and recycled at the end of their useful life.

Reju expands textile-to-textile recycling network with six international fabric manufacturers

Reju, a textile-to-textile regeneration company, is expanding its industrial network through collaborations with six fabric manufacturers in Europe and the Americas. The initiative aims to accelerate the integration of regenerated polyester into textile manufacturing and support the development of finished fabrics for commercial applications.

Magnera highlights HighPleat™ filtration media technology at FiltXPO 2026

At FiltXPO 2026, held on October 28–29 at the Minneapolis Convention Center in Minneapolis, Minnesota, Magnera highlighted advances in air filtration media architecture, with a particular focus on its HighPleat™ platform for MERV 8–10 applications. The technology combines a lofted fiber structure with optimized pore architecture to address the challenge of balancing filtration efficiency, airflow resistance and contaminant-holding capacity.