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SACMI Secured its Position in 2019 and is Looking to a Digital Future
Over EUR 1,25 billion, growing employment (4650 people), and a net equity of EUR 676 million is the picture that emerges from the SACMI Group’s 2019 Annual Report, presented at the SACMI Imola Shareholder’s Meeting.
“2019 saw SACMI maintain its market shares, despite a sharp slowdown in global demand which penalised, above all, ceramic orders”, said Paolo Mongardi, President of SACMI Imola. That slowdown has, more specifically, impacted not only more mature markets (Italy, Europe), which have traditionally rewarded the inherent high quality of SACMI products, but also China and the Far East, with growth falling short of expectations in almost every sector. 2019 was also a year during which SACMI accelerated its implementation of new governance strategies and introduced innovative customer services, especially on the assistance front. “However, the situation of uncertainty, manifested itself well before the current health emergency. On the one hand, this has heightened our commitment to improving the product range in the core ceramic and packaging sectors. On the other, it has forced us to re-think our organisation and provide customers with even closer support via high-added-value products and services. Upgrading skills, processes and facilities, guiding digital transformation in terms of products, processes and business models is the strategy with which SACMI looks to the future”, pointed out President Paolo Mongardi.
Within the ceramic sector, the Sanitaryware and Tableware Division bucked the trend with stable volumes and revenues while strengthening the Group’s technological leadership and its partnerships with key international players. Likewise for Advanced Materials, a new Division encompassing all SACMI activities concerning the manufacture of Technical Ceramic, carbon items and lithium-ion battery components. Metal powder solutions were impacted by the slump in the global automotive industry although this was partially offset by the excellent performance of the refractory sector. The Quality & Process Control Division continued to be pivotal to SACMI’s overall portfolio, with vision systems that draw on new AI algorithms playing a central role.
“2019 was a very special year for the SACMI Group. We celebrated our centenary and pushed ahead with company training designed to prepare our people for the changes that will come with the digitization of processes and services. We remain confident that digital transformation will bear fruit in the coming years despite this first part of 2020 being heavily impacted by the global pandemic ”, concluded Paolo Mongardi.
