2024 proved to be a year of transition for many industries, with similar dynamics to 2023 and, despite market uncertainties, in line with budget forecasts for Intercom Chemicals. In particular, the automotive sector suffered, which in turn had repercussions on sectors such as foundry and abrasives, which are also strategic for our company.
our company. Against a predictable backdrop of generalised difficulties, Intercom Chemicals has shown resilience by maintaining investments, expanding its scope of operations and laying the foundations for strategic growth in 2025.
A dynamic 2024: from difficulties, come opportunities
The year 2024 suffered from the uncertainties associated with the transition to electric motors in the automotive sector, with a negative impact, as anticipated, on several related sectors. This resulted in a downturn in September and October which, however, by the end of the year had loosened its grip and bodes well for the months to come.
In spite of the market difficulties, in fact, our company has kept faith with its planned investments, both in terms of research and development, focusing on formulating new solutions for its customers, and in terms of exploring new markets.
It is precisely this second aspect that characterises our 2024. This proactive strategy has enabled us to face market turbulence with greater robustness. Out of this dynamism, a new entity was born, Intercom Advanced Chemical Materials (Shanghai) Co., Ltd., a Joint Venture that aims to bring our know-how to Asia and exclusively supply the market in and around China with specifically formulated products. This strategic move demonstrates the company's commitment to international expansion and penetration in key markets.
2025 a year of confirmation, new investments and growth
For the coming 2025, at Intercom Chemicals we aim to consolidate the market position we have acquired, both in Italy and abroad, through a series of strategic initiatives.
From developing new proprietary brands, to expanding the formulations of our registered products, TechPhen®, Lerite® and T72®, and beyond. In fact, 2025 will be the year of further expansion, both in terms of diffusion and application, for TechPox® as well.
Among the most interesting sectors for Intercom Chemicals, there is undoubtedly Friction: the objective is to have a greater presence in this sector, identified as a strategic growth area.
In continuity with the choices made in 2024, in the coming year the company's expansion into foreign markets will continue, which is currently being examined by our team, through the creation of new strategic partnerships.
To support this commitment, Intercom Chemicals will focus on the growth of its internal organisation in Italy, which will remain the central pivot of any possible international development, in order to better support new initiatives.
Among these markets and thanks to the creation of the JV, the 2025 goal for the company will be to consolidate its presence on the Asian continent.
As we come to the end of this 2024, a special thank you goes out to all employees of Intercom Chemicals and all customer and partner companies who have believed in us.
May 2025 be a year of growth for everyone.