Home » Sacmi Sees Economic and Financial Improvement in 2014
“We’re convinced that manufacturing in Italy provides real value, and believe it to be both a possibility and a duty for all businesses in our country,” said Paolo Mongardi, president of Sacmi Imola, as he commented on the group’s 2014 annual report. With consolidated sales above €1.2 billion (~ $1.3 billion), the net worth of the group at over €660 million (~ $718 million) and a global workforce numbering almost 4,000, Sacmi is reportedly reaping the rewards of a dual effort: investment in research and technological innovation—over €20 million(~ $22 million) in 2014—and a focus on working alongside customers in international markets. “The international economic outlook remains complex, especially in certain geographical areas,” said Mongardi. “Despite this, the cooperative has achieved outstanding results in terms of both volumes and profits, improving its business and industrial position on both consolidated markets and emerging ones.”
2014 has reportedly been confirmed as one of the best years in Sacmi’s long history. The company’s success reportedly resulted from “a policy of carefully targeted sell-offs and takeovers (e.g. Cosmec, Cmc, Eurofilter) and a concentration of resources in core sectors (ceramics, packaging, automation), plus major investments at the Imola site, where the number of employees has now climbed to 1,085, with over 120 new hires since 2011,” said Pietro Cassani, general manager.
Although Sacmi is an international enterprise, with over 88% of its sales outside Italy, the group has kept its technological and manufacturing heart firmly in Italy. “Doing business in a globalized, highly competitive world has made it necessary not just to set up a far-reaching sales organization but also to establish production facilities abroad, such as the Indian plant in Sanand, inaugurated earlier this year,” said Mongardi. “The overriding goal, however, is to produce only that needed to cope with the aggressive stance of our main competitors and, therefore, defend our leadership in traditional business areas so we can continue to develop facilities and invest in Italy.”
The cooperative’s long-standing ceramics business sector reportedly saw outstanding performance and achieved further growth in terms of both volumes (5%) and profit margins in 2014, reportedly due to the success of new products (from the Continua+ large slab production line, presented at Tecnargilla 2014, to the flexible Eko Sort and Eko Wrap stacking and packaging systems, and the AVI high-pressure casting solutions). The year also saw an expansion of the special pressing sector, which includes machines for manufacturing refractory ceramics, pressing metallic powders and metal drawing, with sales now in excess of €15 million (~ $16 million), following the takeover of Bologna-based firm Matrix.
The automation and service business sector has repeated the results achieved in 2013 with its worldwide total quality control solutions. This sector reportedly is a strategic one for the entire group, as it is involved in developing process automation solutions and mechatronic systems that add value to a plant engineering range spanning from raw material processing to end-of-line solutions.
Now with 70 subsidiaries, the Sacmi group reports that its initial 2015 data reportedly looks encouraging, “thanks to an excellent portfolio across all the divisions and high sales levels,” said Cassani, who goes on to hypothesize “further increases in the budget, which will be accompanied by every possible effort to implement further innovation on the organizational front.”