CORAM Europe recorded significant sales growth from 2019 to 2023, with an increase of 70%. This result highlights the effectiveness of the investments and strategies adopted by the company over the past five years.
The success of CORAM Europe is an integral part of the global success of the CORAM Group, which, including Coram Asia and Coram Chromewell India, achieved sales of more than EUR 54 million in 2023. The geographical distribution of sales shows a strong presence in Europe (66%), followed by North America (24%), South America (6%) and Asia (4%).
Among the keys to success are investments in technology, with a focus on machining, welding and assembly. However, the decisive factor has been investment in people. From 2019 to 2023, CORAM expanded its team with the hiring of new Production Managers, Process Engineers, a Logistic Manager and a Buyer, thus strengthening its production and management capabilities.
In addition, the adoption of advanced technologies, such as Industry 4.0 connections, has made it possible to refine production processes and maintain high plant efficiency, with a constant focus on improvement and innovation.
Towards the future: innovation and sustainability as drivers of CORAM’s growth
Looking to the future, CORAM is ready to introduce new Industry 4.0 machining, welding and assembly islands in 2024. In addition, a significant phase of reorganisation of the Technical Department is underway, aimed at implementing new design and technical documentation management systems, as well as the recruitment of young engineers and managers. These efforts are aimed at developing new product lines, for which the company has set ambitious targets.
Another pillar of CORAM’s growth strategy is its commitment to sustainability and carbon reduction, with significant investments planned for the organisation and facilities.
CORAM’s growth demonstrates that a strategic investment in people and new technologies not only promotes steady growth, but also positions the company as a leader in its sector, laying the foundations for a future of further growth and innovation.
