Cartersville, Ga.—Yarn producer Aquafil reported 2018 revenues were up 5.1% ($625.47 million) in 2018, compared to 595.16 million in 2017. Revenue in the fourth quarter declined slightly, by 0.6%, totaling $140.03 million compared to $140.93 million in the same period of 2017.
The results are almost entirely attributable, both on a yearly and quarterly basis, to the BCF (fiber for carpet flooring) line’s higher revenues in Asia and the United States, partially penalized by the slowdown of the European market in H2 2018. The minor reduction in revenues during Q4 is mostly attributable to the lower sales levels of the later due to planned in-house use of such polymers for fiber production for the U.S. market.