Since its founding in 1967, Vimi has cultivated a global culture and now the company generates 70% of its revenue from international markets. The company's competitive edge lies in highly engineered fasteners used in the most demanding applications.
Vimi's highly engineered fasteners, combined with its co-design and customization capabilities, are its undeniable calling card. The company continually seeks new challenges with its partners to develop high-performance products, and its organizational and quality standards ensure continuous growth and improvement both internally and externally.
With this profile, the Vimi Fasteners Group, operating in the high-precision mechanics sector and a leader in the production of fasteners for the automotive, supercar, industrial, marine, oil & gas, energy, and infrastructure sectors, continues its commercial penetration of international markets, particularly in the US and certain European areas. The focus also remains on the domestic market, a key factor in development.
At its headquarters in Novellara (Re), the company continues its mission of research and development of new products and production processes capable of meeting the most advanced market demands.
Currently, Vimi products reach every corner of the planet. Europe, with 50% of the turnover and the industrial alliances acquired, remains the strategic region where the company positions and verifies the performance of its entire product range in the field. North America currently contributes about 10% to the total turnover, a value that is gradually growing thanks to the relationships developed with new customers and new applications in emerging industrial sectors where Vimi Fasteners can bring its contribution of innovation.
'We want to strengthen and expand our business activities by increasing commercial coverage both in geographic areas where we are already present and in new markets where our products have good growth opportunities. The geographic diversification of markets, in addition to being a growth opportunity, also represents an element that strengthens the resilience of the entire Vimi Group's business,' said Marco Sargenti, CEO of the Vimi Group.
Looking to the East, Vimi's top-of-the-range products have been generally appreciated in India and China, where they recognize the company's research efforts and product adaptation in the context of the energy transition that characterizes the current market phase. However, the presence of strong local competition has limited expansion in Asia for now.
As early as the late 1970s, turnover generated abroad represented a significant share of the company's economy, and the company has never abandoned this early vocation. Through the collaboration of two historic agents, Vimi started the first supplies in France and Germany. From there, the expansion to the rest of Europe and Great Britain was a virtually natural process. Subsequently, new commercial outlets overseas and in the Far East.
'Timely response, product quality, attentive customer service, wide range of products. These are some of the tools that help further strengthening to meet the challenges that our industrial partners and potential partners propose to us. Each geographic area has its own peculiarities, its own cultural characteristics and business management: we are committed to understanding them in depth and reaping the rewards of our collaborations with customers one by one,' concludes Emanuele Minciarelli, commercial director of the Vimi Group.