BY ALT Technologies | 12th May 2022
As we bid farewell to 2023, a year that posed unprecedented challenges and hurdles for businesses worldwide, we at ALT Technologies – an innovative global converting company – find ourselves reflecting on a journey marked by resilience, growth, and innovation. Despite market shortages and hyperinflation casting a shadow on the global economic landscape, we are proud to share a year-in-review that celebrates our achievements, acknowledges the trials we faced, and sets the stage for an exciting future.
In the face of market shortages and hyperinflation, 2023 emerged as a pivotal year for us. Our commitment to excellence and adaptability allowed us to achieve an impressive 13% organic growth. This growth offset the challenges we endured the previous year and laid the foundation for improved results compared to what some might have perceived as doomsday scenarios.
One of the key factors contributing to our success in 2023 was the strategic introduction of new product lines, such as EVB materials and flexible circuits (including die cut metal as well as printed circuits) in both ICE and electric vehicles. Collaborating directly with Original Equipment Manufacturers (OEMs), we are in active development of cutting-edge solutions, such as replacing cables and rewiring battery packs. This opens up exciting leads for our company and positions us as a pivotal player in enhancing efficiency and reducing production time for our partners.
A core aspect of our commitment to responsible business practices involves investments in sustainability. ALT Technologies has been actively collaborating with pivotal battery management companies, developing prototypes and exploring avenues to contribute to a greener future. Our dedication to environmental responsibility is further evident in our latest investment in solar panels and in making our base materials more sustainable for our customers.
Moreover, as part of our ongoing commitment to expansion and corporate social responsibility (CSR), a new warehouse is set to be operational by the second quarter, symbolising our continuous efforts to improve and grow.
As we reflect on the past five years, characterised by tough times and unforeseen events, our results have seen significant improvement, albeit not yet at the desired level due to persistent high inflation. Our plan involves sustained growth fuelled by the momentum generated from these projects and partnerships.
In 2024, ALT Technologies will remain steadfast in its commitment to growth and innovation. We invite our valued customers, partners, and stakeholders to stay engaged with us on this exciting journey. Join us in shaping the future by signing up for our newsletter, where we will share updates, insights, and opportunities to be part of the next chapter in our company’s story.
As we celebrate the achievements of 2023 and embark on the challenges and triumphs of the coming year, we extend our gratitude to everyone who has been a part of our journey. Together, we will continue to improve what we can control and build a future marked by success, sustainability, and shared prosperity.