After a successful year and a number of acquisitions Fedrigoni Groupwith approximately 5,000 employees in 28 countries, was acquired Sales of 2.3 billion euros in 2022divided between two main activities, for 1.3 billion euros Labels 1 billion euros for the division and Qualification documents. To optimize growth Qualification documents The division is currently being reorganized globally into four business units.
Luxury Ecosystem includes luxury industry-specific documents designed for packaging and communications. The Paris-based management works with dedicated teams in various international offices.
“Luxury goods clients need to work with a global organization capable of executing projects on different continents. With 12 paper machines worldwide, we have the flexibility and flexibility these customers expect, even for small production runs.“, he says Ilan Shinazi, Sales Director, Fedrigoni Papers.
The luxury business unit now accounts for 35% to 40% of the Group’s sales and has established partnerships with leading luxury groups. However, they aim to reach 60% within the next three years, particularly by expanding into the North American and Asian markets.
The Creative Communication the business unit is dedicated to creative documents for the publishing and creative communication industries. Fedrigoni is one of the world leaders in this market, accounting for almost 40% of its sales.
Technical Solutions Includes highly specialized products ranging from RFID to smart papers and specialty papers designed to replace plastic in many applications to playing and trading cards. The group is currently developing the market for hotel room key cards and gift cards.
Art and Painting Represents a wide range of drawing papers produced by the historic Fabriano factory in southern Italy.
Integration of specializations
Besides, Fedrigoni just finished three new acquisitions focused on strengthening its geographical presence, technological development and CSR approach based on the “plastic to paper” strategy.
Having already acquired the Guarro Casas Arjowiggins plant in Spain in 2022, at the end of 2023 the Group integrated the Arjowiggins plant in China, which specializes in tracing paper and produces 7,000 tons per year.
“The logic behind this acquisition is both geographical and CSR based. We believe that transparent tracing paper can replace plastic in a number of applications”, explains Ilan Shinazi.
Second purchase SharpEnd, a UK-based agency specializing in RFID technology. The move reinforces the Group’s commitment to smart label and paper solutions, following the 2022 acquisition of connected solutions expert Tageos France and its R&D center.
“We are confirming our interest in this technology with an agency that can help bring the RFID experience to consumers.“the director notes.
Finally, Fedrigoni confirmed that he had bought 100% of the Italian company Add to, a producer of cellulose-based pulp wedges and packaging – a market with strong potential. The company already works with fifteen luxury brands.
Providing the source
The group has confirmed that it has signed an agreement with a player from Brazil, the world’s leading producer of short fiber paper pulp.
“This supplier is extremely committed to CSR. They work in protected forests in the south of the country and boast a productivity of eucalyptus forest regeneration cycles that is twice that of the Nordic countries.“explains the director.
According to him, after the “euphoric” 2022, the result of 2023, which will be presented in April, will be at least equivalent in terms of volume.
“We’ve had a strong start to 2024 as well. We will have to wait and see for the rest of the year depending on the geopolitical context, but what is certain is that there is a huge demand for added value in the luxury sector. qualification documents“Ilan Shinazi completes his thought.
With its new organization, four production sites in Italy, France, Spain and China and opening Innovation center in Verona dedicated to high-end documents, Fedrigoni intends to meet this demand in every way.