2024 was a year where we drove change across industries with sustainable solutions. Our two core business areas – chromate reduction and a thermal insulation coating system – continued to deliver strong results. Meanwhile, our new innovations have propelled us to new heights, reaffirming our commitment to a more sustainable and healthier world.
Main Business Lines: Resilience and Growth
Chromium(VI) Reduction
Our chromium (VI) reducing agents make a significant contribution to safety and occupational health during the processing of cement-based products. Despite navigating a challenging market in the construction sector in 2024, we’ve consolidated our position as the market leader through these strategic initiatives:
- Enhanced Partnerships: Strengthening collaboration with upstream and downstream partners to build a more resilient supply chain.
- Product Diversification: Tailoring our chromium reducer offerings to meet different market needs, balancing quality and cost.
- Toll Manufacturing Services: Expanding this service has increased our factory’s utilisation, showcasing our manufacturing flexibility.
These strategies have kept us competitive while continuing to address environmental challenges in cement products.
MIG-ESP® Thermal Insulation Coating System
In 2024, our coating system continued to deliver significant energy efficiency gains and fostered healthier living environments. We focused on two key areas:
- Product Optimisation: Refining product features to align with market demands.
- New Applications: Further expanding into diverse industrial sectors, such as milk factories, office archives, utility facilities, sports complexes, grain silos, and heritage buildings.
The increasing number of global projects using our technology demonstrates its growing recognition as a sustainable and versatile solution for decarbonising the building sector and infrastructure.
Future-Ready Innovations Powered by R&D Excellence
Our commitment to innovation has pushed us to explore new frontiers. This year, we launched new products and developed others that are ready for mass production. Highlights include:
- Sustainable Construction: Developing advanced building additives that enhance resilience and sustainability.
- Green Agriculture: Introducing solutions that support sustainable farming and eco-friendly food production.
- Renewable Energy Process: Creating a disruptive process technology to improve renewable energy generation efficiency.
These achievements underscore our ability to reinvent ourselves, staying ahead of the curve by addressing emerging market needs while contributing to global sustainability goals.
All these innovations are rooted in our relentless pursuit of R&D excellence, the foundation of our continuous growth. Over the past year, MIG has dedicated its efforts to expanding our research capabilities, fostering a culture of creativity, and driving forward impactful ideas that solve real-world problems.
Networking and Collaborations
In 2024, we amplified our reach by engaging in trade shows, conferences, workshops, and various international and local events, building strong relationships with key partners and attracting new ones. We also reinforced our role in publicly funded research projects on sustainable building products and collaborated with leading institutions to accelerate innovation.
Global Partnership Expansion
This year, we welcomed new partners worldwide, including key collaborations in India. Together, we’re bringing innovative, sustainable building solutions to more regions, furthering our global impact.
Celebrating Our Team
None of this would be possible without our exceptional team. Their expertise and dedication drive everything we do. This year, we focused on talent development to ensure our team remains at the forefront of innovation and sustainability.
Looking Ahead
As 2024 concludes, we’re grateful for the trust of our partners, the support of our collaborators, and the dedication of our team. We’re more committed than ever to providing sustainable materials and technologies that protect the planet and create healthier environments. Here’s to an even more impactful 2025!