Agrati chooses e-Novia for the production of sensor-fitted screws and bolts

Agrati chooses e-Novia for the production of sensor-fitted screws and bolts

Agrati chooses e-Novia for the production of sensor-fitted screws and bolts

Agrati chooses e-Novia for the production of sensor-fitted screws and bolts

Agrati chooses e-Novia for the production of sensor-fitted screws and bolts

e-Novia‘s investors represent one of the Company’s main assets. These investors are some of the most prestigious industrial companies on the Italian and international scene; they are multinational leaders in the markets in which e-Novia operates, as well as Italian and foreign entrepreneurs and managers.

The entry of new investors and long-term strategic industrial partners provides proof of the interest that the Enterprise Factory model inspires in international markets and companies. One such partner is Agrati, a historic manufacturer of high-strength fastening systems in the Province of Monza and Brianza. The company is present on the market today with twelve production plants spread between Italy, France, the United States and China.

As Gaia Fiertler recently told the Industria Italiana magazine, the Company decided to invest in e-Novia in 2019 by subscribing a convertible bond that will be translated into shares at the time the Enterprise Factory is listed on the Milan Stock Exchange. Together with Agrati, other industrial companies such as De Miranda, O.R.I. Martin, Rubinetterie Bresciane, Dompé, Landi Renzo, Shimano, Fassi, Streparava, Pelliconi and STMicroelectronics, just to name a few, contributed to a total yield of thirty million euros.

“To include Agrati among our bondholders confirms the affinity between the technical and scientific excellence of Italian universities – such as that of our Technical Institutes – and the most prestigious industrial entities. These relationships express a renewed objective: to overcome the linear innovation of industry to affirm its competitiveness and return our country to a leading position in the sectors that characterised entrepreneurship in the twentieth century. In order to achieve these goals, our collaborations can take different forms, including corporate bonds, depending on the short, medium or long-term objectives that we define with our partners. Consequently, our contribution adapts: from establishing new companies in joint ventures with industrial partners, with our minority presence in the company structure, to supplying innovation development services through consulting projects,” commented Vincenzo Russi.

Participating in the convertible bond was not exclusively a financial consideration, but a strategic decision for Agrati. In fact, the Agrati Group has chosen to actively participate in the future of the automotive industry, a commitment that will affect its production and factories. Interfaces and digital platforms will be designed to be at the service of people, to enhance their capabilities within the logic of humanised machinery and augmented humanity that are the most concrete expression of a bright vision of technology.

Despite a difficult 2020, Agrati has maintained a good level of investment in new machinery and process innovation (in the range of approximately 25 million euros of investments). In fact, the company operates in the context of the automotive sector, which requires high standards of productivity, efficiency and safety in the face of a fiercely competitive offer.

Now Agrati is raising the bar even higher thanks to new digital technologies, Artificial Intelligence, analytics, big data and strong competition. Digitised processes will, in fact, make the entire supply chain even faster, more precise and efficient; from the production in the twelve production plants of forty million pieces per day, with 20,000 codes distributed over about forty items including special screws, nuts and bolts, to distribution in five logistics centres and four hundred final distribution points on three continents.

“Similar quantities imply logistical processes that are stressed to the maximum, high working capital and very high risks of machinery downtime and delays”, underlined Paolo Pozzi, CEO of the Agrati Group. “With e-Novia, we are focusing on specific projects to vertically apply new technologies to our processes and products. In particular, we would like to equip our screws and bolts with sensors that are able to collect information on their life cycle and thus offer services to our customers that give a competitive edge in terms of quality, safety and respecting timescales for the maintenance and replacement of components”.

The initial testing phase will take place in the Italian factories (with one thousand employees). When the sensor-fitted workpiece is industrialised, testing will also be extended to the other sites (three factories in France with six hundred and fifty employees, four in the United States with five hundred operators and one in China with four hundred employees).

Agrati will also invest in the medium to long term in a project focused on the machine learning of automatic and robotic systems. “The aim is for machines to self-adjust and prevent errors once equipped with visual imperfection recognition systems. We already have very low levels of inaccuracy, but with the current level of precision made possible by digital solutions, we would like to aim for zero. Each defect slows down production and generates delays in delivery, with effects on our degree of competitiveness,” concluded Paolo Pozzi.