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CONSOLIDATED FINANCIAL STATEMENT AS AT 31-12-2022

Page 28

28

2022 Annual Report

1.5

INVESTMENTS During the year, the Group invested 33.9 million euros

Also worth mentioning is the green, sustainable

in tangible and intangible fixed assets acquired

investment in the purchase and installation of

from third parties, net of internal capitalizations

electric vehicle charging stations. The columns

and excluding the impact of the IFRS 16 accounting

were installed in the last quarter of 2022 in plants in

standard.

the northern and southern parts of Italy.

During fiscal year 2022, two new horizontal machining centers for the cast iron flow and a

During FY 2022, the German plants in Sohland

gear hobbing machining center came on line at

and Lohmar underwent several investments in

the Italian plant in Reggiolo.

production. Specifically, the former saw the arrival

Also as part of the multi-year plan to renew and

of an automated machining center for working

upgrade the machine inventory, two additional

steel components, the latter the commissioning

horizontal machining centers for cast iron flow

of a complex robotic cell, and the purchase of two

and a new robot cell for gear processing flow

special process plants that will come on line during

were purchased. The latter is equipped with

the next fiscal year.

an anthropomorphic robot and a numerically controlled lubricant-free gear cutting machine,

In 2022 in the Jiaxing plant in China, investments

confirming the choice of environmentally friendly

were made involving masonry works and general

technologies for working steel. These latter assets

plant engineering related to the production

will come into operation in Q2 2023.

building.

Additional Industry 4.0 investments were also made

automatic assembly lines for the production of

to optimize production processes and logistics flows

industrial axles and agricultural gearboxes and a

at the assembly and painting plant. Specifically,

new vertical warehouse were also purchased and

a new semiautomatic assembly line equipped

installed.

In

the

manufacturing

area,

semi-

with cyber-physical systems went into operation, and new vertical automated warehouses fully

A new production plant was built in India during

interconnected with factory logistics systems were

2022, and therefore investments were made

purchased.

concerning masonry and general plant works

With regard to the Italian plant in Monguelfo, two

related to process industrialization.

automated machining centers for processing steel components have come into operation.


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