“It is an excellent result for Favini, in such a difficult market, which proves that it is still possible to successfully invest in the graphic and industrial specialties industry in Italy,” said Eugenio Eger, CEO Favini.
Casting Release – a key component in the production of synthetic materials such as eco-leather – is one of the best performing division, jumping up by 53% vs 2013, a result that is positively influenced by the acquisition of the Arjowiggins Casting Papers business. Thanks to this staggering growth, Casting Release counts for 42% of the total turnover. The Graphic Specialties were in line with the previous year, while the Converting Products segment grew by 7%.
Geographical diversification of sales is a driver of success for the company: 69% of the total turnover is generated outside Italy, and 38% of sales come from non-European countries.
Favini is a company historically present in the paper market and world leader in the casting release business.
