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Negri Bossi: reorganisation begins to produce results, losses greatly reduced

The initial effects of the Negri Bossi reorganisation plan have begun to be felt, with net losses in the third quarter being slashed to just € 300 thousand as opposed to a negative result of €3.6 million for the same period in 2002 (against a gross operating margin of € 1.4 million with respect to a negative balance of € 1.2 million in 2002). Moreover, revenues are also up. Renzo Aletti, the company’s Managing Director, sums up the situation: ''Successful implementation of the reorganisation plan, a recovery in orders and positive signs from the US market lead us to believe that further improvement is possible in the fourth quarter and that 2004 will be the starting point for a convincing recovery”.

Corporate News

New SACMI PH8200 Imola series: the smart pressing era begins
Over 150 international customers attended the presentation of the new Sacmi press. Thanks to Ethernet Powerlink field bus automation, this first “digital native” model of the Imola series provides advanced integrated diagnostics and remote services.  >>

Sacmi, new organisational set-up for the Chocolate business unit
Shake-up lays the foundations for further development of the chocolate sector, already the hub of the Group's Food Division.  >>

Alessandro Paini is the new General Manager of the Sacmi Beverage Division
With extensive international experience in product development and global sales coordination, Mr. Paini takes over from Vezio Bernardi, who now goes on to head the Group's Closures & Containers Division  >>

SACMI – Consolidated financial statement at 1.4 billion euro, rising net worth
Positive results across all business sectors. The increasing specific weight of the Italian market “reflects a significant rise in investment within the industry” stated Paolo Mongardi, President of SACMI Imola, during the presentation of the Group's Consolidated Financial Statement at the Shareholders’ Meeting of 19th May  >>


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