Litokol: more plans for expansion

Jun 21, 2007

21/06/07 - Thanks to the projects planned and implemented in previous years, 2006 closed with a total increase in turnover of 17% for the parent company, Litokol Italia, and the continuation of the trend has been fully confirmed again in the first quarter of 2007.
The increase is equally distributed between products for the Italian market and those destined for export (more than 70% of the total turnover of Litokol Italia). Furthermore, the growth rate achieved by Litokol's commercial and production sites in Russia and Ukraine in 2006 was more than 40%, and made further progress in the first four months of 2007.
In those areas in which Litokol has now been seen for over a decade as the key western company, two new industrial projects are going to be launched in eastern Europe and Asia (commercial sites and production facilities).

These development plans are backed up by major investments in research, technology and human resources, and it is in this latter area that, in January, Litokol appointed a Financial Controller to take charge of the financial control of the Italian company and its foreign subsidiaries in Moscow and Kiev.
The company also assigned him the specific task of developing new joint ventures. Fabio Plazzi (pictured), aged 39, is a graduate of the Bocconi University, where he specialised in International Economics. Having gained several years experience of developing and managing foreign subsidiaries in the clothing industry, for the past three years he held the post of Administrative and Financial Director for a group of companies operating in the paper industry.