Sustainability Report 2019

LETTER TO THE STAKEHOLDERS

We present the third economic, social and environmental sustainability report of our Industrial Group this year, in the context of a particularly sensitive time of our community life, trampled and traumatized by the negative effects deriving from Covid-19 pandemics.

It is clear that the experience we are living will remarkably put into question some acquired certainties and will dramatically influence the strategies of the following years.

In any case, the year 2019 was characterized by the increase of such negative trends occurred after the middle of the previous year: lack of the market growth, cost production pressure, deterioration in margins and new financial demands for large investments needed to tackle deep innovation and ongoing transformation in our department.

PSC, in this context, first operated by launching a reorganization plan, according to the new requirements and subsequently, in the second part of the year, by implementing a strengthening plan with its presence in East Europe and Brazil.

Moreover, industrial renovations of the facilities and planned production processes were carried out. The final result, even if slightly worse compared to the previous year, was definitively positive and this made us more resilient.

Il risultato che ne è scaturito, anche se leggermente peggiore a quello dell’anno precedente, è stato sicuramente positivo, ci ha reso più resilienti e ci ha consentito di porre le basi per un ulteriore processo di crescita allorché saranno terminati gli effetti negativi sul mercato determinati dall’attuale pandemia.

In addition, it allowed us to lay the groundwork for a further growth process, whenever the negative effects deriving from the current pandemics will be over. Therefore, also in the following years we will provide to pursue the objectives of a planned development, in the view of sustainability and improvement of the single, as well as collective well-being, with the awareness of the complexity of the incoming challenges. However, at the same time, we are confident that we have the right tools to succeed.

WE WORK TO REACH HIGH QUALITY
LEVELS AND COMPETITIVENESS WITH RESPECT FOR THE ENVIRONMENT AND PEOPLE.


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Sustainability Report