A new future begins for Aquafil with the listing on the Stock Exchange

On Monday, December 4, 2017, Aquafil was listed on the Italian Stock Exchange In Milan. The landing at Piazza Affari, Star segment, marks the beginning of a new future for the company that has its heart in Trentino, but is present in the world with 15 plants. The number of Aquafil plants is destined to increase very quickly, given that the goal of the stock quotation is to increase the development of the ECONYL® waste regeneration project in rapid steps. In fact, within about six years, Aquafil wants to be producing only ECONYL® yarns made from the regeneration of nylon waste, which today represents 35% of the Group’s entire production. The objective is therefore 100% sustainable ECONYL® yarn and a 100% circular economy. A lot will be done in the recycling of old carpets, as well as fishing nets, to produce only the “circular” yarn, so loved by the fashion world.

The buzzword from today, after the sound of the market bell, is therefore “acquisitions”: strategic purchase of companies “that allow the application of technology for the production of ECONYL® fiber”, explained Aquafil’s CEO Giulio Bonazzi on the sidelines of the listing ceremony. “The hope is to do the operations already within the first half of 2018. Public offering is an instrument to grow.”

Giulio Bonazzi was present at Palazzo Mezzanotte with his wife, daughter and son as well as numerous guests of excellence, including many representatives of the financial world and also of fashion world, a sector that has already chosen the ECONYL® yarns for sustainable collections as is evidenced by more than 170 consumer brands.

From left to right Adriano Vivaldi and Aquafil CEO Giulio Bonazzi

It was an emotional moment when Giulio Bonazzi and Adriano Vivaldi rang the bell together that started the bargaining at Piazza Affari.

Also interesting was the choice of the quote that Bonazzi wrote on the book of dedications that Borsa Italiana makes available to all the companies that are quoted on the Italian Stock Exchange: “The illiterates of the future will not be those who cannot read and write, but those who cannot learn, unlearn, and learn again.” And thanks to this futuristic vision, the dream of deriving nylon from waste and not from oil with the ECONYL® project has turned into a successful reality. “In the world, 70 million tons of textile waste are produced each year, it is a real treasure to put this waste back into circulation” reveals Bonazzi, whose company will have a new life thanks to new investments and continuous R & D.

Since 50 years, Aquafil has been one of the leading players, both in Italy and globally, in the production of Polyamide 6: a landmark in terms of quality and product innovation. Additionally, the Group is a leader in the research of new production models for sustainable development.

This commitment to research and development leads to the regular renewal of processes and products thanks to continuous investments of capital and knowledge.

 

http://www.aquafil.com