From July 24th to 26th, the second quarterly meeting of 2024 of Esseco Industrial was held in the small Alto Adige town of San Vigilio di Marebbe – Italy.
The meeting, which focused on reviewing the data from the first half of the year and discussing the prospects for the second half among the managers and directors of the different companies worldwide, was opened by Engineer Roberto Vagheggi, General Manager of Esseco Industrial and CEO of the chlor-alkali division.
Two years and eight months after embarking on this new path, Esseco Industrial has transformed from a mere division into a full-fledged joint-stock company with a new structure aimed at growth, enhancing synergies among the various companies, and pursuing potential M&A opportunities, as demonstrated by the recent takeover bid for Ercros in Spain.
After explaining the motivations and strategies behind the proposal to acquire the Iberian chemical company, Engineer Vagheggi analyzed the economic figures for the first half of 2024. Although lower than the values recorded in 2022 and the first half of 2023, the data is very encouraging and far exceeds the budget forecast expectations: +23.3% in EBITDA and +16.6% in EBIT.
The quarterly meeting continued with presentations from various managers and directors of Esseco Industrial and the companies within the division.
ESG (Environmental, Social, Governance) initiatives are progressing with vigor and attention, now also involving Esseco Group. The business integration project has been effectively completed but is necessarily always evolving while efforts in communication projects to promote the brand and its values continue.
At the same time, the path to decarbonization on the energy front continues, achieving increasingly positive results, bringing the supply of CO2-free energy to 58% of the total (a percentage that in Altair Chemical – Pieve – even exceeds 80%) thanks to the commissioning of additional photovoltaic plants in Lazio, Abruzzo, and Sicily related to the Renewability project.
Esseco Industrial SpA continues its growth and affirmation path in the world with conviction, supported by shareholders, with great attention to combining economic results and sustainable progress with cutting-edge environmental policies.
“The Esseco Industrial Q2-24 review meeting confirmed the strong integration that we have achieved as a Group. In this context, Esseco UK is playing an important role in driving the business and our strategic initiatives within the UK market. Esseco UK’s industrial plan and strategic program, fully aligned with Esseco Group Values, were received very positively by the stakeholders, and this ensures an exceptional thrust and sustainable growth to support our customers and be partners of choice in the long run” said Ruggero Pellegrin, Manager Director and Site Director of Esseco UK.
