Sacmi Group Achieves Record Results in 2015
Sacmi has posted one of the best results in its history for the second year running.
With sales of €1.35 billion (approximately $1.5 billion) and a net result higher than that of the previous year by approximately €3 million (~ $3.3 million), Sacmi has posted one of the best results in its history for the second year running.
“Like its parent company Sacmi Imola, the Sacmi Group closes the year with a result that decidedly improves on both the budget forecast and the previous year’s performance,” said Paolo Mongardi, president.
The year 2015 was also characterized by the positive effects of transactions completed in previous years, such as the sell-off of Negri Bossi and the acquisition of shares in Cosmec, Cmc, Eurofilter, Mectiles and B&B, plus the recent 100% takeover of C&M Holding. These operations have yielded better-than-expected results and are likely to generate further positive effects for several years.
At an individual business market level, performance has been driven by the strategies of both the Ceramics and Packaging-Beverage divisions. More specifically, the group’s German firms achieved particularly good results; Riedhammer, alongside its more traditional business areas, increased its market share in the special ceramic kiln sector, and Sama inaugurated a new facility and renewed corporate organization. On the ceramics front, 2015 also saw Sacmi complete a 100% takeover of Intesa, and the year proved to be positive for Sacmi Forni thanks to innovative large slab firing solutions. These results go hand in hand with the growing success of the Continua+ line.
On the international scene, nearly 90% of sales continue to be absorbed outside Italy, a figure in keeping with previous years. Sacmi has reaped the rewards of policies aimed at boosting synergy between group companies on all the main markets and has been particularly attentive to investment in more promising nations. Manufacturing and sales policies were also aimed at ensuring the world’s individual areas make a balanced contribution to overall company sales. A key strategic decision in 2015 was the establishment of a new branch of Sacmi USA in Tenn. Recently inaugurated, this facility will provide after-sales support for key projects being implemented in the area by numerous Italian firms.
2015 also demonstrated the soundness of the Beverage development plan, with unified management of the entire Packaging portfolio and reorganization of design and after-sales services. Equally positive were the results of the group’s Latin American companies (Sacmi de Mexico and Sacmi do Brasil). While in Asia the growing dynamism of the Indian market showed excellent results from Sacmi Engineering India, these results were counter-balanced by a slowdown of the Chinese market. Regardless, the group’s presence in the Far East remains strategic as markets like Indonesia, Malaysia, Vietnam, and Thailand become more and more important for all the sectors in which the group operates.
Another defining feature of 2015 was the continuing development of the African market in the North (Egypt, Algeria and Morocco), South Africa, and Central Africa, with direct investment also on the rise in non-traditional outlet markets.
“Similarly to the parent company, the cooperative also had an excellent customer portfolio at the start of 2016, and further improvements in revenues and margins are anticipated,” said Pietro Cassani. “Growth forecasts are particularly encouraging for the Closures and Beverage (Packaging) and Food Divisions. Of course, international macroeconomic and geopolitical uncertainties will inevitably have an impact on group results in certain areas. Yet we remain confident that—thanks to the daily commitment of a qualified managerial team and by focusing, as is the Sacmi tradition, on innovation and quality—all our goals can be achieved successfully. The year 2016 will also see Sacmi head decisively in the direction of Industry 4.0, the ‘factory of the future’ where the real ‘physical’ world of machines and ‘virtual’ digitalization merge. Industry 4.0 is the Internet of Things and services, where complete process integration and control are combined with just-in-time production, where advanced plant sensors, automated order management systems and fast prototyping services make up a single fully integrated process, the hub of which is data and, therefore, the new professions capable of managing and controlling it. Alongside the process revolution, then, Sacmi also aims to found, at the Imola-based parent company, an ‘Academy 4.0’ dedicated to training our own, customers’ and partners’ human resources”.
“Buoyed by these positive economic results, the cooperative shall continue investing in research to provide markets, over the coming years, with innovative solutions that offer ever-better, customer-focused product and service quality,” said Mongardi. “We shall also continue our commitment to cooperative values and solidarity, both nationally and internationally. Again in 2015, considerable resources were ploughed back into improving quality of life within the local community by investing in health, culture, and various youth training schemes; to this we can also add the over 14,000 training hours for partners, 359 man-days of design and testing on customers’ premises and a daily commitment to health and safety in the workplace that–thanks also to new technology–places enormous emphasis on people and skills. Ever since its founding, the Sacmi Group has nurtured these core values, making them the foundation of success in this new millennium.”
For more information, visit www.sacmi.com.