The year 2023 has been one that Coral will remember for a long time: business development, new production technologies, and international expansion have marked this year that is coming to a close with great satisfaction, both for the company and the group.
During 2023, subsidiaries in India became fully operational, United States, Germany and Singapore, as well as the launch of a new partnership in the United Kingdom through Dustolex, in the Manchester area. With this in mind, the coming 2024 will be marked by consolidation and development of international customers in the areas now directly serviced.
While waiting for official financial statements, Coral can anticipate that sales have surpassed the 15 percent increase threshold over 2022, with the prospect of starting the new year in further growth. This is a sign that worldwide business awareness of the importance ofclean air and sustainability is growing in tandem.
Regarding production technologies, during 2023 Coral brought to full operation new tools (the result of major investments) such as the top-of-the-line Salvagnini P4 bending machine and the pipe-making plant created in collaboration with TTE Engineering. On the product side, some best sellers dedicated to thesuction and filtration of wood dust and chips have been improved and made more efficient and economical (this is the case of the new MFM). In addition, the new filters in the line Icon, the standard version of which is equipped with Star Bag filter bags that considerably increase the filtering surface area of the unit at the same cost.
We also want to express our gratitude to the more than 30 companies that have joined the Coral Group: over the course of the year, we have found that sharing our mission and values is becoming increasingly strategic in meeting the challenges ahead.
Finally, we would like to thank our ever-growing number of customers for trusting our work (both in product and air filtration system designs) and for believing as we do that a cleaner future is possible.