Analysis of the forecasts for 2025 and of strategic priorities in a context marked by the continuing weakness of the European chemical industry.
These were the main topics at the centre of Esseco Industrial’s third quarterly meeting, held from 27 to 29 October in Padenghe sul Garda (Brescia), bringing together shareholders, managers and directors for three days of discussion and strategic planning. The meeting represented an opportunity to analyse the challenges of the EU27 market, the results of the companies within the industrial division and the shared strategies to address the complex global economic situation.
The European chemical sector is experiencing one of the most difficult periods of the last decades: for the first time in 150 years, it is recording a gap of –15% compared with other manufacturing activities.
European production capacity is currently operating at a level 9.5% lower than the pre-crisis period and around 20% lower than 2021, due to weak domestic demand, high energy costs, bureaucracy and geopolitical tensions.
A complex and prolonged phase, which began in August 2022, and which today seems to have reached its most critical point.
In this scenario, Esseco Industrial confirms its solidity and resilience as an industrial holding company, supported by an integrated production model and investments in innovation. During the meeting, management reiterated the need to evolve the industrial and commercial model through greater vertical integration, and the strengthening of energy independence, with a consequent reduction in costs. During the meeting, management reiterated the need to evolve the industrial and commercial model through greater vertical integration, and the strengthening of energy independence, with a consequent reduction in costs.
Among the results highlighted were improvements in analysis systems, the development of new young talent, the strengthening of corporate reputation and the maintenance of profitability in a turbulent context. Looking ahead, Esseco Industrial will direct its investments toward sectors with greater synergies and growth potential—such as personal care, food, animal nutrition and pharmaceuticals—while at the same time focusing on decarbonisation, energy efficiency and zero-emission self-generation.
Looking ahead, Esseco Industrial will direct its investments toward sectors with greater synergies and growth potential—such as personal care, food, animal nutrition and pharmaceuticals—while at the same time focusing on decarbonisation, energy efficiency and zero-emission self-generation. The company also plans to strengthen its presence through targeted acquisitions, avoiding new investments in segments most exposed to Asian overcapacity or linked to construction, automotive, paper and textiles in Europe.
As Roberto Vagheggi, General Manager of Esseco Industrial, underlined: “Considering the current situation of the chemical sector in Europe, our resilience is a very positive sign. Our DNA is changing: we are more mature, ready to step out of our comfort zone and aware that the world does not wait. It is time to change and to continue improving, thanks to all the people who believe in this project and make Esseco Industrial stronger every day”.
