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8 Industries
Energy
Chemicals
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products
Commodity Intelligence
Radici Group has recently officially informed the trade unions of its restructuring plan for the Novara production base in northern Italy. Operated by its subsidiary Radici Chimica, the site is a core hub for the Group's vertically integrated PA66 full industrial chain, with PA66 products serving as the key raw material support for the company's modified plastics business. The restructuring plan involves the shutdown of three key chemical units at the plant: adipic acid, nitric acid, and MAB. These units are essential intermediate production lines for PA66 manufacturing. The plant currently employs nearly 300 people, and this capacity adjustment will directly impact 140 jobs. The Group stated that the Novara factory has incurred substantial losses for three consecutive years. The operational pressure stems from multiple external and industry factors: fierce market competition brought by low-cost capacity in Asia's nylon industry chain; persistently high energy and raw material prices in Europe; and sustained weak demand in the three major downstream terminal sectors—automotive, textile, and construction—resulting in structural sluggishness. Following a comprehensive assessment, the adipic acid production line at the plant is no longer viable for returning to profitability. Consequently, the Group has decided to shut down inefficient facilities and concentrate resources to coordinate the remaining business operations at the site and the redeployment of employees.
Commodity Price(Unit:RMB)
  • Commodity

    2026-07-27

  • Liquid ammonia

    2,243.33

    Silver

    14,560.67

    EVA

    10,383.33

    Hydrochloric acid

    198.00

    n-Heptane

    15,300.00

    Lithium carbonate

    146,000.00

    Tin ingot

    420,180.00

    Propylene oxide

    10,000.00

    Melamine

    6,125.00

    MDI

    17,866.67

    2-EH

    8,066.67

    Cyclohexanone

    9,150.00

    Bromine

    31,000.00

    Dimethyl carbonate

    4,250.00

    Phenol

    8,317.50

    Formaldehyde

    1,278.75

    Dimethylacetamide

    6,320.00

    MDBE (Divalent Acid Ester)

    7,730.00

    Soybean meal

    3,122.00

    Bisphenol A

    9,630.00

    Gold

    888.81

    IPA

    7,016.66

    Praseodymium neodymium oxide

    762,500.00

    Magnesium

    16,000.00

    Pr-Nd Alloy

    920,000.00

Commodity News XML
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