As we close the chapter on 2024, we at ALT Technologies take a moment to reflect on a year of resilience, progress, and unity. This year brought its share of challenges, but it also highlighted our team’s dedication, innovation, and commitment to sustainability.
The loss of two esteemed colleagues this year was a profound challenge for ALT Technologies. These individuals were integral to our journey, and their contributions and presence will never be forgotten. Their legacy continues to inspire us as we move forward, despite the heavy feelings and their missed presence in our office.
On the business front, we navigated a year marked by uncertainty in the automotive industry, with high-profile layoffs and ongoing economic pressures. Despite these obstacles, we achieved growth in both profit and turnover. Inflation and rising costs tested our resilience, but through strategic cost management and team collaboration, we maintained our trajectory.
2024 marked significant progress for ALT Technologies:
Global Growth: Our operations in Mexico, initiated during the COVID-19 pandemic, have gained momentum and are heading in a promising direction.
Product Innovation: Demand for our new product lines, such as dielectric materials and one-sheet busbars, has surged. We continue to explore innovative solutions, with e-mobility and occupant safety applications at the forefront of our development.
Steady Progress in Airbags: The airbag market remains a dependable and growing sector, reinforcing our position as a trusted Tier 2 supplier supporting customers delivering to OEMs worldwide.
Sustainability remains a core focus in our 2025 strategy. In 2024, we launched a dedicated sustainability section on our website, showcasing new reports and green energy investments.
While we’ve made great strides, we recognise that sustainability is an ongoing journey. This year, we strengthened our efforts to enable our customers to transition to eco-friendly materials and processes, ensuring we are ready to meet their evolving needs.
As we move into 2025, ALT Technologies is poised to continue its growth. Our diverse range of materials and applications positions us as a versatile and innovative partner in the automotive industry, including motorcycle development, and beyond. New products, such as our needle-felt airbag covers, reflect our commitment to occupant safety and our broader vision of delivering value through cutting-edge solutions.
To our global teams, customers, and stakeholders, thank you for your unwavering support and dedication. Your contributions have been instrumental in driving ALT Technologies forward this year.
As we continue building on our successes, we are optimistic about the future. ALT Technologies remains steadfast in its mission to innovate, grow sustainably, and support our customers and partners in creating safer, greener, and more efficient solutions.
Together, we look forward to a new year filled with opportunities, progress, and shared success.
Here’s to 2025!