Italy: leather chemicals company leader dies

17/04/2013
The chief executive of leather chemicals manufacturer Ader Toscana, Andrea Mancini, has died. Police, called to the company in Santa Croce Sull’Arno on April 15 said he had taken his own life.

Local reports said the business community in the leather cluster in and around Santa Croce, and throughout the province of Pisa, was in shock and deeply saddened by the news.

One local tanner, who preferred not to be named, told reporters that he had been a friend of Mr Mancini’s and that he was sure a delicate financial situation at the company was the cause of the tragedy.

“There were economic difficulties, but not on such a scale as to make us think something like this could happen,” the tanner said. “He was a very sensitive person who went about his work scrupulously doing things in the right way. His problems came about because he had received a lot of negative responses to requests for payment while he regarded it as a moral obligation to pay what he owed to his suppliers.”

For his part, the president of the Santa Croce tanning industry association, Franco Donati, said the whole of the leather industry wanted to express its sympathy for Mr Mancini’s family.

Other local industry leaders linked the incident to the wider economic situation. They called on the government to recognise the seriousness of the economic crisis many Italian companies find themselves in, largely because banks continue to make it hard for businesses to secure sufficient credit, and to take action.