What is the future of refrigeration? What are the new ideas for natural refrigerants? Today Epta responds to the requirements of the future by presenting at Chillventa, along with the major experts from the sector, the driving forces behind innovation in the coming years. (Pad. 9 Stand 9-213)

Chillventa, the leading biennial fair for refrigeration, air-conditioning, ventilation and heat pumps, is scheduled to take place from 11 to 13 of October in the Nuremberg Exhibition Centre. It is an important opportunity for producers, associations and universities to to discuss and share best practices in the design of extremely efficient solutions that are geared towards ecosustainability. With more than 31,000 visitors expected and about 1,000 registered exhibitors, the three-day event, which is now in its fourth edition, looks set to be the most popular edition of all. Moreover, the exclusive Chillventa CONGRESS and the numerous meetings that have been organised, including the Refrigeration Forum, further contribute to the attractiveness of the event.

William Pagani, Group Marketing Director of Epta comments: “Chilliventa is a fair dedicated to the professionals of the sector and a prestigious international showcase for the latest solutions that were designed by our R&D department. In this regard, we will be offering new solutions with natural refrigerants to integrate refrigeration systems with heating, ventilation systems and the illumination of buildings” and he concludes “Chillventa will also be an occasion to present refrigerated cabinets and units that can combine a carbon footprint reduction with the highest level of food safety, to ensure a perfect preservation and display of foodstuffs, while maintaining its value. Finally we will be illustrating the advantages of Epta Service, that offers fully-comprehensive suppourt programmes to ensure first class advice for Customers.”

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On the 16 July there was an historic meeting between Marco Nocivelli, the CEO of Epta, and a delegation from the Chinese city of Qingdao in the Group’s headquarters in ‪‎Milan. It was a strategic meeting to illustrate the results of Epta’s factory in the Shandong peninsula to the Vice Mayor Zhang Deping and his Team and discuss the possibility of expanding the Group’s presence in the area.

Asia is a strategic market where the Company, which has two production sites in Qingdao and in Cha-Am in Thailand, aims to consolidate its position. In this regard the Group has recently upgraded the Qingdao plant to optimise the fluidity and efficiency of processes, while ensuring respect of the high qualitative standards that have always characterised the Group’s solutions in all its production hubs.

Marco Nocivelli, CEO of Epta commented: “We firmly believe in China’s potential for growth. It is for this reason that in 2009 we accepted the challenge and opened the plant in Qingdao. We are proud to announce that the results have been very positive and we are experiencing an encouraging growth trend that will enable us to improve our coverage of the Asian market and contribute towards the economic development of the city of Qingdao. I would like once again to thank Mayor Zhang Deping and the entire delegation for their visit and for the support that the city of Qingdao has always given us and which we are sure will continue to provide” and concluded “We are planning new investments in the Qingdao plant for the future and would like to invite there the Delegation so that they can continue to follow our progress.”

The Vice Mayor of Qingdao Zhang Deping congratulated Epta for its business and the Company’s important role in the area. He also described the Group’s Chinese premises as a prime example of the successful collaboration between Companies and the city of Qingdao in contributing to the development of the area as an advanced industrial hub.

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Epta France has won the prestigious Janus de l’Industrie for the third consecutive year for its innovative #EPTAbricks. These are refrigerated lockers that can be installed along the route between people’s homes and workplaces, for example  in stations or in Company’s premises, to enable consumers to collect the fresh and frozen products they purchased on line from retailers’ websites. This is a revolutionary solution that guarantees to conserve items for more than 24 hours and enables retailers to get even closer to their Customers, while reducing their carbon footprint by eliminating home deliveries. Moreover, as a guarantee of the highest level of ergonomics and safety, the #EPTAbricks comply with the PMR and VIGIPIRATE regulations.

This year the ceremony in honour of the lauréats will be held at the Hôtel du Ministre and will be chaired by Matthias Fekl, Secretary of State at the Ministry of Foreign Affairs and International Development, who is responsible for International Trade, as well as the Promotion of tourism and French overseas. It is an opportunity to reward 16 original products in the Industry and Commerce sector, which include Epta France’s E-lockers.

Christian Le Gousse, General Manager of Epta France comments: «We are proud to have been awarded the exclusive Janus de l’Industrie for the #EPTAbricks project, a revolutionary solution we developed by integrating our expertise in commercial refrigeration with the skills of our new Pole for Digital Innovation. Specifically, it wasn’t just the design and production of the first refrigerated lockers that Epta dealt with in-house, as we also produced the dedicated software for the distance monitoring of the #EPTAbricks (ordering of the products and verification that the lockers are functioning correctly), the communication screen on the #EPTAbricks (for the collection process) and the interface program with the Retailers’ websites ». He concluded «It is a complete system that makes as the ideal partner for Retailers who are focused on a multi-channel approach in order to expand the potential of their businesses.»

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Thanks to Epta Argentina transcritical CO2 technology for subtropical climates conquers South America


Epta Argentina completed the first installation of transcritical CO2 systems for subtropical climates in Latin America. One of the leading retail brands has turned to Epta for this major project involving a recently renovated store in Buenos Aires. Specifically, Epta Argentina provided with its brand Costan a turnkey solution with a minimum environmental impact that is in line with the sustainability policy promoted by its customer.

It was a significant challenge, won thanks to the combined efforts of Epta Argentina and the Group’s CO2 Training Centre in Great Britain that enabled to apply in South America the most technologically advanced solution available on the market.

Specifically, two tailor-made transcritical CO2 systems were installed with four medium to high temperatures compressors and three low temperature compressors. Epta Argentina, with its brand Costan, also dealt with the storage area, equipped with 2,100 m2 of TN and BT cold rooms, as well as with the fresh and frozen food aisles of the store. These were furnished with high energy efficiency solutions such as the Lion ECCO closed vertical cabinets, the Beluga 2 frozen food islands and the serve-over and self-service Piazzolla cabinets for fresh products and hot delicatessen.

The project was completed with Epta Service telemonitoring service, active 24h a day, 7 days a week, to ensure predictive diagnostics and targeted interventions to guarantee the maximum operational and energy efficiency.

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Epta has always been at the forefront in the design of innovative and forward thinking solutions, combining new technologies and a strong commitment to turnkey green systems with the potential to maximise store profitability. To support this approach, and share years of knowledge acquired designing and installing CO2 refrigeration systems around the world, Epta opened a training centre in Bradford, in the United Kingdom, in 2009.

The Epta CO2 Training Centre was created in response to the urgent demand from Retailers for systems using natural refrigerants which will not be phased out under the F-Gas Regulations. Use of these systems depends entirely on a fully trained network of installation and maintenance engineers certified to work with R744, which Epta is now able to support with R744 training courses for professionals both within and outside the Group.

In 2010 Epta training centre courses were certified by the prestigious British City & Guilds organisation, confirming the high standards of training on offer. To date more than 600 engineers have been trained in the CO2 Epta Training Centre, with practical and theoretical lessons in student’s native languages. Within the centre students are able to gain practical experience working with the most advanced CO2 transcritical, cascade and pumped systems, along with heat recovery.


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The battle against food waste: Epta’s answer


Food waste is an increasingly pressing problem for Europe, and one which has considerable knock-on effects at an economic, environmental and social level. Recent research conducted by FUSIONS, a project funded by the European Commission Framework Programme 7, revealed that the annual food wasted  created by member States of the European Union totals around 88 million tonnes, at an estimated loss of 143 billion Euro*. In line with the Sustainable Development objectives adopted by the General Assembly of the United Nations last September, the goal set by the EU is to halve pro capita food waste of retailers and homes by 2030: together these account for around 60% of wastage.

In this respect, Epta’s cutting-edge refrigeration solutions not only offer flawless presentation but also outstanding freshness and food safety. All of which guarantees “food that is healthy, safe and available for everyone”. It is a responsible approach, and one wholly in keeping with the concept The Epta Way UP: preserving #FoodValue”. Using technologically advanced systems, it preserves and displays food perfectly, ensuring its value is maintained intact. In fact the ongoing investments the Group has made in Research and Development bear witness to Epta’s desire to promote the pivotal nature of refrigeration as a vital resource for protecting agrifood assets and counteracting food waste.

In Italy we have the prime example of the collaboration between Epta, through its brand Costan, and the Selex associated Roberto Abate Group that has been fighting food waste since 2015 by donating all surplus to the needy through an agreement with Banco Alimentare. The mainly fresh products are collected from retail outlets and distributed to beneficiaries in dishes prepared in food banks and residential facilities or offered to families in financial difficulty. In 2016 Roberto Abate increased the number of supermarkets involved, including also the new Famila superstore in Siracusa that was produced with Costan. This is a store where efficiency and solidarity merge thanks to the choice of cutting edge refrigerated units that improve the shelf life of products, while maintaining their nutritional properties and organoleptic qualities.

William Pagani, Epta Group Marketing Director commented: “We are very proud to have taken part in this important project which allows us to show off our skill in supplying integrated refrigeration systems that meet every need of our clients. At the same time, they meet the community’s goals to counter waste, in accordance with our strategy to spread a culture of food value and proper food preservation, and in keeping with food health and hygiene standards.


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The first EPTABlue 2.0 Freecooling for counters and refrigeration cells has recently been installed at a prestigious German brand in Hamburg, completely integrated with the shop's heating system. This innovative product was designed by Epta to meet the retailer's need to reduce energy consumption and simplify the installation of refrigeration systems, while simultaneously earning a higher return on investment when compared with traditional centralized systems using R404A cooling gas or transcritical CO2 natural gas.

With this winning product, Epta Deutschland equipped the store's chilled and frozen food departments with vertical-doored Bonnet Névé Viseo Volum Eco 4 and Ampleo UP from the RevUP Family, to provide the best product display while providing maximum carbon footprint reduction. With EPTABlue 2.0, both TN and BT refrigeration is supplied by the refrigeration unit itself. The system transforms every counter from a remote unit into a plug-in by using a water loop that can be cooled by a Dry Cooler unit on the roof of the sales point, or, as in this case, by connection directly to the transcritical CO2 heating pump, supplied by Epta, to fully capture heat and reuse it to warm the shop.

Another of EPTABlue 2.0's strengths is the hermetically sealed circuitry to eliminate 100% of leakages and the cost of replacing refrigerant. EPTABlue 2.0 also provides the retailer with additional savings, eliminating the annual inspections prescribed by F-Gas Regulations to check for leaks.

Cutting-edge technology and environmental protection are at the core of the installation in Hamburg. In fact, using EPTABlue 2.0 guarantees an 80% reduction in refrigerant liquid used inside the shop and a more than 25% decrease in energy consumption.

* Data collected from a store in Hamburg measuring 1100m2. The data have been calculated based on an energy cost equal to 0.17€/kWh and by comparing the system installed by Epta with EPTABlue 2.0 technology with a traditional R404A system.

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Epta will take part in the 12° REHVA World Congress: CLIMA 2016, the HVAC sector's most important scientific symposium, taking place from 22 to 25 May in Aalborg, Denmark. Federico Visconti of Epta's Innovation Center will participate in the workshop called “Coupling HVAC + Refrigeration + Lighting Systems in shopping centers: technological solutions and modeling approach” organized by the IIF-IIR Institute, in collaboration with Eurac Research.

This marks a unique opportunity for Epta to demonstrate the new products and services seen at EU FP7 CommONEnergy to international stakeholders, Energy Managers and industry experts. The goal of this research project promoted by the European Union is to transform supermarkets, often thought of as the paradigm of consumer societies, into concrete examples of energy efficiency and eco-sustainability, favoring the adoption of avant-guard methodologies and technologies.

More specifically, Federico Visconti will present the new solution for transcritical CO2 installed by Epta at the Horwich Co-operative store. This innovation enables the building's refrigeration systems to be integrated and the heat to be reused in an effort to transform stores into Nearly Zero Energy Buildings (nZEB), in compliance with Directive 2010/31/EU. The initial results from testing done during the winter are very positive, attesting to the system's validity as an excellent potential all-in-one solution for sales points.


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EPTA AT THAIFEX – World of Food Asia 2016


Epta will participate again this year in Thaifex, one of the most important Asian events in the food&beverage sector, taking place from 25 to 29 May at the prestigious IMPACT Exhibition & Convention Center in Bangkok, in the heart of Thailand (Hall Ch1; Stand QQ-01). This thirteenth edition will be a record event with 38,000 professionals expected to attend and 1,800 exhibitors hailing from 27 nations (+7% more than in 2015) all inside the 80,000 m2 exhibition space that will simultaneously host three events:  World of Food Service, World of Seafood, World of Coffee.

Epta will be present with its brands Iarp, Misa and Eurocryor, which will exhibit a wide range of products designed to meet the specific needs of the Asian market. In particular, Iarp will display its full line of stylish and compact plug-ins, with Realook as its star product. With its appealing and modern style Realook is also surprisingly interactive, equipped with a 47’’ LCD screen integrated into the glass door allowing promotional material to be displayed, actively involving the end customer in an unprecedented shopping experience. The new line of vending machines for ice cream, snacks and drinks, Iarp City Collection, has a captivating design that sets it apart from the competition, as does its capacity for extreme personalization. More specifically, customers personal branding can be digitally printed directly onto sheet metal in response to the consumers' specific requirements, making every vending machine unique and strengthening the promotion of the items displayed. Thaifex will also provide an opportunity to present the new Gondola refrigerated display cases by Eurocryor that, thanks to a perfect blend of transparency and elegance, add a special touch to upscale sales points’ food areas.

Lastly, Epta's commitment to ensuring maximum food safety will be highlighted by the presence of a Misa coldroom. Its antibacterial Epta Food Defense system employs silver ions to prevent, combat and eliminate numerous species of bacteria to guarantee unparalleled freshness for the typical ingredients found in Asian cuisine.

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The shareholders of Epta S.p.A. have approved the Group’s 2015 Consolidated Financial Statements


The Shareholders’ Meeting of Epta S.p.A., a multinational group specialized in commercial refrigeration, was held on May 5th and approved the consolidated financial statements at 31 December 2015, which were drafted in accordance with international accounting standards (IFRS).

During 2015, in an international economic scenario still marked by uncertainty due to the difficult recovery of certain industrialized countries and a slowdown in the growth of emerging countries, the Italian commercial refrigeration industry was vibrant. A recent survey conducted by Anima in fact shows that due to the ability to combine technology with quality, exports in the sector accounted for about 56% of total production. In this regard, increased investments in innovation and services played a decisive role in determining the success of Italian businesses.*

* Source: The Commercial Refrigeration Industry in Italy, ed. 2016 – research sponsored by Anima (Federation of the Italian Associations of Mechanical and Engineering Industries)

“Epta is one of the top companies on the national scene. Results for 2015 are positive and in line with our industrial plan: we have reported growth in consolidated sales revenues and increased net profits compared to 2014. This is primarily due to our strategy, which pursues a policy of internationalization and diversification into foreign markets,” comments Marco Nocivelli, Chairman and CEO of Epta S.p.A. He adds: “In this context, the Group has invested in research on complete systems differentiated by segment - Retail, Food&Beverage, and HORECA – for which we have provided sustainable, technologically cutting edge solutions with an advanced design that we plan jointly with our international customers, achieving significant growth in our market share. In addition, participation in Expo 2015, in collaboration with Granarolo, the Thailand pavilion and the Biodiversity Park, strengthened Epta’s image as a major player in the competitive scenario.”


Consolidated Revenues accounted for €767 million, an increase of 15.7% (+€104 million compared to 2014). The figure reflects the geographical structure of sales revenues, with Italy accounting for 15% and foreign markets for 85% of the total. This is due to the Group’s widespread presence all over the world, which is ensured by strategic technical and commercial operations in more than 35 countries and 11 production units.

The reasons for the increase in revenues are both organic and due to the change in the consolidation perimeter that occurred after the Danish company Knudsen Køling A/S was acquired on July 17, 2015.

Operating Profit is €43.3 million, an increase of 29.6% (+ €9.9 million) over the previous year.

The Group’s net profit for the year is €29 million, an increase of 52.6%, that is +€10 million compared to 2014 figures.

The Net Financial Position is €27 million, a significant increase compared to the previous year’s figure of €59.5 million.

The year 2015 ends with Net Equity of €253 million, compared to the previous year’s figure of €221 million.


New composition of the Board of Directors

The Shareholders’ Meeting of Epta S.p.A., which met on May 5, determined the composition of the Group’s new Board of Directors: Marco Nocivelli (Chairman and Managing Director), Piero Triglio Godino (Vice Chairman), Sergio Chiostri (Past Chairman), Alessandro Nocivelli, Enrico Nocivelli, Maria Serena Nocivelli, Daria Triglio Godino (Directors), Marina Mira d’Ercole and Hans Udo Wenzel (Independent Directors).

Marco Nocivelli is also reconfirmed as Managing Director.

Sergio Chiostri, the Past President, states: “On February 17, 2003 I was asked to join the Board of Directors, and during these years the Group experienced strong growth, going from consolidated sales revenues of €363 million in 2014 to €767 million in 2015, with human resources growing from 2480 to 4023. It was an inspiring and exciting process, and the critical factors for its success were innovation and quality, along with collaboration, unity, and mutual trust within the Group. Founder Luigi Nocivelli, resolute, determined, and optimistic, always encouraged me to pursue better results in terms of growth, and his inspirational principles accompany us even today as we overcome market challenges. I would like to thank all staff and management for their professionalism and invaluable contributions, which have allowed me to be productive and fully confident in my work. I now turn things over to the capable hands of Marco Nocivelli, who has been at my side and in the forefront from the very start in sharing the challenges and successes of Epta.” He concludes: “This is certainly the best foundation possible for the Group to continue its growth, which it will accomplish by increasing its international presence, expanding the range of products and services, and pursuing ambitious financial and economic goals.”

Marco Nocivelli, Chairman and CEO of Epta S.p.A., comments: “On my own behalf, on behalf of the Board of Directors and the Shareholders, I would like to express my sincere thanks and appreciation to Sergio Chiostri for his excellent contributions and the guiding role he has played during his term as Chairman. These have been demanding years during which Epta has reported strong growth: these results were achieved due to the support of the entire Board of Directors, which acted with great dedication under the leadership of Sergio Chiostri.” He goes on to say: “Sergio Chiostri has agreed to stay on the BoD and will be responsible for specific projects focused on the development of Epta. I am delighted to reconfirm the Executive Committee as well, which will ensure that processes continue to be optimized and that all Group functions collaborate fluidly. My management will focus on continuity, pursuing every opportunity with a long-term approach and perspective in order to consolidate our competitive position on the market with an eye to innovation, quality, and reliability.

Placement of bonds with Pricoa Capital Group

On March 10, 2016, Epta concluded the issuance and placement of bonds with Pricoa Capital Group – a company in the U.S. group Prudential Financial, Inc. (NYSE:PRU) and one of the principal players in the private placement market – for a value of €20 million as part of a shelf facility that makes it possible to place additional bond issues up to a total of US $120 million (or equivalent in euros). The securities were issued in a single tranche and have a 7-year bullet maturity, with a fixed rate of 2.30%.

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