Silmar Group annual report 2024

Silmar Group continues to grow by focusing on sustainability, efficiency and innovation

In 2024, Silmar Group operated in a complex economic environment marked by high energy cost pressures, raw material market instability and a slowdown in demand across key sectors such as automotive, construction and HVAC. New European environmental directives, including CBAM and ETS, further reshaped the competitive landscape, requiring businesses to demonstrate adaptability and strategic foresight.

Despite these challenges, the Group strengthened its position thanks to cohesive governance and the long-term vision of the Niboli Family, sole owner of the holding company. At the core of its strategy: production efficiency, energy independence, environmental protection and a strong focus on people.

Between 2022 and 2024, a total of €320 million was invested to modernise plants, install renewable energy systems, reduce emissions and enhance internal training. In 2024 alone, the Group’s companies avoided the emission of 21,300 tonnes of CO₂ and generated over 12 million kWh of clean energy, boosting energy autonomy and reducing structural costs.

Silmar Group’s commitment to sustainability is also reflected in its broad system of voluntary certifications, including ISO 9001, 14001, 45001, 50001, 14064, EPD, Passive House and ASI. All Group companies publish a Sustainability Report aligned with the CSRD and have embarked on a climate transition path consistent with the Paris Agreement.

Throughout the year, €2.27 million were allocated to social, cultural, healthcare, sports and educational initiatives, making a tangible impact on the Brescia area. More than 129,000 hours of training were delivered, underscoring the Group’s ongoing focus on professional development.

Each Group company continued to grow in line with its respective markets:

Fondital expanded its range of hydrogen-compatible boilers and reinforced its presence in the automotive sector with new orders and the full integration of mechanical processing.
Raffmetal maintained its European leadership in aluminum recycling, improving efficiency and installing new photovoltaic systems and a steam turbine, covering around 40% of its energy needs.
Valsir broadened its range of mechanical ventilation systems and introduced innovations in the water and heating sector, such as the Aquanest system for rainwater management, while strengthening its Recycling division.
Marvon consolidated its position in passive fire protection and invested in new low-impact flame-retardant materials.
Alba doubled its investments in R&D and digitalisation, launching new products and expanding internationally, particularly in the US market.

“In a global context marked by rapid and profound change, our goal is to pursue a solid and forward-looking industrial strategy built on energy efficiency, production innovation and a shared corporate culture driven by sustainability. We will continue to invest in energy autonomy, low-impact products and processes, and in solutions that create lasting value for our people and the communities where we operate. The Group’s strength lies in a present and determined governance, committed to leading balanced, responsible and future-oriented growth, fostering ever-closer collaboration and synergies among all Group companies.”

— The Board of Directors of Silmar Group