Innova Group at 100 million

2021 investments in technology and infrastructure of 7 million euros, as well as strategic paper purchases, have allowed Innova Group to grow in the market, despite the difficult economic environment.

The year 2020 had already closed on a positive note for Innova Group: the four integrated plants that produce corrugated cardboard and folding carton packaging, led by the three directors Diego, Luca and Stefano Pedrotti together with their mother Giulia (widow of the founder Giovanni Pedrotti) had in fact recorded an increase in profits compared to the previous year thanks to the reduction in costs, against a turnover that was practically unchanged (-0.8%).
Having in fact overcome the difficulties linked to the lockdown of the first half of the year, the restart of industrial activities recorded in the second half of 2020 had favored the recovery, until reaching a level of turnover similar to 2019.
The positive trend was then largely confirmed in the first nine months of 2021, with an increase in turnover of around 30%, opening up the possibility for the company to exceed the 100 million euro threshold for the first time.

Realism and foresight. In order to achieve these results and to face the contingent criticalities, the investments made over time at various levels, starting with the hiring of 11 employees, proved to be fundamental.
Above all, the decision to purchase paper in large quantities was a winning one, once the first problems with finding the raw material emerged: a truly strategic move for Innova Group which, compared to its competitors, did not find itself short of supplies and was thus able to consolidate and expand its customer base, without slowing down production. On the contrary, the in-house technical departments were even called upon to develop customized packaging solutions, alternatives to plastic or polystyrene.
In addition to the strong increases in paper prices - which in 2021 could reach 160% - there are also increases in energy costs, which have had (and still have) a heavy impact on margins. To counter this problem, Innova Group has chosen a countertrend path, pursuing its philosophy of investing in technology and means.
Of the 7 million euros invested in 2021, we recall the total expenditure of over 3.4 million related to the 3000 m2 expansion of the warehouse for the storage of raw materials at the Fontanella (BG) plant, where a new 4-color rotary case maker from Bobst was also installed, reaching a speed of 15,000 sheets/h, and where handling equipment was improved.
Innova Group has already planned to invest a further 6 million euros in 2022, of which 1.5 million euros is earmarked for the purchase of a new plot of land in Borgo San Giacomo (BS), where the plant currently operating in Torbole Casaglia (BS) will be transferred. Also in this case, further developments and adjustments in technology and logistics are expected.