Mecavit's year-end review: "Ready to implement a new business strategy for 2025"
As December approaches, it’s time for companies to take stock of the year that’s coming to an end. We asked Mr. Giuseppe Verdoliva, part of the Mecavit team, to share a 2024 review for the Italy-based fastener manufacturer with Expometals.net readers.
Let’s take stock for Mecavit: how is the year closing in terms of revenue compared to your initial expectations?
2024 has not been as positive as expected, given the European automotive sector crisis. However, while the revenue drop has been significant, it has been more contained than that of many competitors.
What was the best-selling product in Mecavit’s range? Have you noticed any significant changes in customer preferences?
Our best-selling products were spread across standard and special items. The ongoing presence of Asian competition has also led to a reduction in sales prices, despite the stability of raw material and energy costs.
Did your production face any particular difficulties, such as supply chain delays or increased raw material costs?
As mentioned earlier, we did experience delays and requests to reschedule shipments, particularly in the automotive supply chain. However, our strong personal relationships with customers allowed us to manage this unexpected situation effectively.
What were your main strategies to maintain or improve production efficiency? Did you expand your presence in new markets or segments?
Given the unfavorable outlook for the past season, the new ownership decided to implement a new industrial and commercial strategy in preparation for the expected recovery in the second half of 2025. This new approach will allow us to explore markets where we are currently underrepresented. We look forward to results in the coming months.
What are your predictions for the next year, in terms of growth and potential challenges?
The outlook for the next few months appears rather challenging, as all economic indicators fail to show positive signs. The ongoing conflicts near our territories certainly cloud the prospects of any immediate positive recoveries. We’ll have to wait and see if any encouraging developments emerge for our sector.
Mecavit, now part of Novastone Capital Advisor GmbH, is a Bologna-based company specializing in the production of fasteners. The company’s range includes both standard and special screws, available in carbon steel and stainless steel A2-70.
Curious to discover Mecavit's full product range? For more information, please contact the company using the details available on its online stand.
- Fasteners •
- Screws