Italian Paper Giant Shows Optimism

Despite of the challenges imposed by electronic media, Italian paper giant, Fedrigoni Group, still managed to deliver a positive performance in the paper industry.

The global paper industry saw stable growth during the last five years and is expected to reach $256 billion in 2017. According to the WORLDFOLIO and TonerNews, Fedrigoni Group’s revenues reached €977 million in 2015, up from €873 million in 2014. Claudio Alfonsi, CEO of Fedrigoni Group, revealed that 67% of the revenues come from outside Italy, of which 29% come out of Europe, due to their pursuance of an acquisition-based growth strategy. In 2002, Fedrigoni Group purchased the historic Fabriano paper mill, which allowed the Italian paper giant to acquire new paper product lines for banknotes and holograms. Now, Fedrigoni Group has 13 subsidiaries in Europe, China, and Brazil, with an annual production capacity of 500,000 tons.

The company claims the key to their success lies in its capability to deliver that which its competitors cannot. Fedrigoni Group are leaders in the luxury packaging business, the digital printing business, as well as the production of luxury labels.

You’re Welcome to Contact Us!
You can provide opinions and comments on this story!
Or you can send us your own story!
Please contact us, via editor@RTMWorld.com