Ceramic Industry News

Sacmi Announces 2002 Results

The general assembly of Sacmi Imola has approved the results of the balance sheet closed on December 31, 2002. Due to the implementation of a diversification plan that aims to gain a significant share of the beverage, packaging and food processing markets, total sales revenues for the Sacmi Group increased significantly over the fiscal year 2002, going from the € 582 million registered in 2001 to € 829 million, an increase of over 42%. The Group achieved its goals through penetration into the new business areas of plastics and food processing, largely due to the takeover of Negri Bossi, a leading producer of injection presses, and developments brought forward by Sacmi & Catelli, a holding company with shares in enterprises producing machines and complete plants for the food industry.

For additional details, visit http://www.sacmi.com .

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