Origins and Growth, in Italy and in the World
The story of the Marcegaglia Group began in 1959 in Italy, when Steno Marcegaglia, not quite thirty, together with a partner, through Marcegaglia-Caraffini of Gazoldo degli Ippoliti (Mantua), took over an artisan company producing irrigation pipes and metal guides for rolling shutters.
Four years later, in Contino di Volta Mantovana, a company named IPAS was established to manufacture round and flat drawn products with some ten employees. Meanwhile, in the Gazoldo degli Ippoliti factory, where around 30 employees were already working on the production of open profiles, the first tubes from cold-rolled strip were beginning to be manufactured.
From 1963 onwards the production activities of these small companies were enhanced and extended with timely, constant investments. And in 1969 a new rolling mill was purchased for the manufacture of cold-rolled strip.
In 1974 the Gazoldo degli Ippoliti establishment had over 250,000 square metres of industrial sheds. The production range was diversified and complemented with the addition of tubes from hot-rolled strip.
In 1978 the Marcegaglia Group drove its industrial activities further forward through a programme of acquisition of depressed companies, which were then reorganised and made competitive in the various sectors in which they were operating.
In 1982, when the overall number of employees had already reached 640, the second largest establishment in the group was founded in Casalmaggiore, equipped with technologically advanced installations made by "Oto Mills" of Boretto (Reggio Emilia). This company, acquired in partnership with other partners in 1979, would have a key role in the technical innovation of all the production plants of the Group.
In 1983, three new companies were acquired: Lombarda Tubi of Lomagna (Lecco), Saom of Boltiere (Bergamo) and Trisider of Tezze (Vicenza). By 1983 the overall “made in Marcegaglia” turnover had risen to the equivalent of 175 million euros and the workforce exceeded 860 employees. The group of companies continued to be personally overseen by Steno Marcegaglia, together with his wife Palmira Bazzani, joined subsequently by their son and daughter Antonio and Emma. In 1984, an internal restructuring plan redefined the character of the group. Former Metallurgica Marcegaglia, former Ipas and former Tubi Acciaio were merged in the newly established Marcegaglia Spa. Lombarda Tubi incorporated the former Saom, whilst Trisider and Oto Mills maintained their corporate autonomy in the distribution and engineering sector.
In 1985, the Marcegaglia Group continued to develop its industrial activities with the acquisition of three major companies in the Maraldi group: Maraldi of Ravenna, Forlisider of Forlimpopoli (Forlì) and Salpa of Cervignano del Friuli (Udine), specialising in the production of water, gas and methane pipes, which would then be restructured and transformed into the new Marcegaglia plants in Forlì, Cervignano and Ravenna.
In 1985, after the acquisition of Cct of Santo Stefano Ticino (Milan), Profilnastro of Dusino San Michele (Asti) – at the time under temporary receivership – producer of tubes from hot-rolled strip, was also acquired. The management of the companies in operation as a result of the restructuring, the monitoring of the involvement of the group in non-metal industrial companies and the management of a significant share and bond portfolio, made it necessary in 1987 to form a new company, Fingem Spa, which has become one of the largest financial operators in the national and European markets.
In 1987 Antonio Marcegaglia joined the company after graduating in business studies from Milan's Luigi Bocconi University.
In 1988, the Island of Albarella was purchased from Credit Suisse. This tourism complex has now become one of the most renowned holiday, health and relaxation resorts on the Adriatic Sea.
Led by Antonio Marcegaglia, the diversification of the group was then extended with the establishment of Bioindustrie Mantovane and the acquisition of Oskar of Osteria Grande (Bologna), Nuova Omec, Ennepi of Lugo di Romagna (Ravenna) and Imat of Fontanafredda (Pordenone) in 1988 and of CCT of Gallarate (Varese) and Elet. Ca of Capalle (Florence) in 1989, as well as the foundation in 1989 of Marcegaglia Impianti of Saronno (Varese). In the same year, Marcegaglia acquired holdings in Fergallo of Motteggiana (Mantua), SIM of Sant'Atto (Teramo) and Elletre of Montebello Vicentino (Vicenza). In 1991 the Group acquired Resco Tubi of Cusago (Milan) and OMF of Fiume Veneto (Pordenone). In 1994 it acquired Brollo Profilati of Desio (Milan), later moved to the “former Breda” area just outside Milan, on site totalling 80 thousand square metres purchased in 1996, and then in 1995 ETA Euro Tubi Acciaio of Milan, followed by a stake in Allu's of Sesto al Reghena (Pordenone).
The new business and production constellation enabled the group to have a presence also in the sectors of metal household items, electrostatic paint for metals and metal components for the electrical appliance industry. Meanwhile, its metallurgical sector grew with the production of fine stainless steel tubes and cold-rolled profiles.
In 1996, the Euro Energy Group was also established in order to create plants for the production of energy from renewable sources. In January 1997 Nuova Forsidera Spa, [1] specialising in steel cold rolling and galvanising processes, was acquired with its plants in Corsico (Milan) and Albignasego (Padua).
The group's energy division was expanded in 1997 under the guidance of Antonio Marcegaglia with the establishment of Green Power, for the development of strategies and systems for energy generation through the gasification of waste and biomass. Further expansion came in 1998, with the design and construction of industrial and power boilers.
In that same year came the acquisition of Astra of Mezzolara, Budrio (Bologna) and the Siderplating establishment was also acquired, under the name of Marcegaglia San Giorgio of Nogaro (Udine), producing rolling mill plates.
Antonio Marcegaglia's corporate development programme continued in 1999 with the acquisition of Morteo Nord of Pozzolo Formigaro (Alessandria), [2] and Ponteggi Dalmine of Milan, Graffignana (Lodi) and Potenza.
This was followed in 2001 by the acquisition, in the tourism sector, of the holiday resort of Pugnochiuso, situated on the Gargano promontory in Puglia.
In December 2001, following an investment of over 500 million euros over very few years, the large new establishment in Ravenna was opened: the second largest iron and steel centre in Italy. And in 2002, in the former Belleli area in Taranto, its second largest production plant in the South, after the one in Potenza, entered into operation
In 2003, the sector of products for the household electrical appliance industry expanded further with the acquisition of BVB of San Lorenzo in Campo (Pesaro). While in 2004 the group took a fundamental step in the development of its activities in the tourism sector by acquiring, with Banca Intesa and the Ifil group, 49% of Sviluppo Italia Turismo
In 2007 Antonio Marcegaglia acquired the stake in Gabetti Property Solutions and upgraded the Ravenna plant with a further investment of 300 million euros. The Group continued its expansion in the energy sector where, with its subsidiary Arendi, began production of photovoltaic panels. Likewise, its presence in tourism grew further with the acquisition of the management of Forte Village of Santa Margherita di Pula, in Sardinia, the largest hotel complex in Italy and Europe. This was followed soon after by the “Le Tonnare” holiday resort in Stintino, in the province of Sassari. In 2007 the production plant at Boltiere (Bergamo) was also enlarged. In 2008 the Group acquired the holiday location at Castel Monastero di Castelnuovo Berardenga (Siena) and the "Former Arsenale" property complex at La Maddalena (Sassari).
Internationalisation of the Group
In 1989, Antonio Marcegaglia launched the Marcegaglia Group's internationalisation policy [3] which has strengthened its direct presence in the international markets.
Marcegaglia Deutschland of Düsseldorf was established in 1989 for the distribution of the Group's own products on the German market and in Scandinavia. United Stainless Steel was also created in the UK near London, followed by Marcegaglia U.K., for the production of welded tubes from hot and cold rolled strip, and then by Marcegaglia UK at Dudley, West Midlands.
In 1991 Antonio Marcegaglia launched the project which would see the group enter into the transatlantic markets. In the second half of the year The New Bishop Tube of Philadelphia was acquired in the US, and, in February 1992, Damascus of Greenville. Two major production units which then led to the creation of Damascus-Bishop Tube Company, specialising in the production of stainless steel.
In 1993 Antonio Marcegaglia acquired the Belgian Cotubel group, a distributor of stainless steel products and tubes in France and Benelux, and founded the trading company Central Bright Steel for the distribution of welded tubes in the UK; it also began production of these same products near Birmingham in 1997.
In the summer of 1998, a large industrial area in Munhall, near Pittsburgh, was acquired to accommodate the new Marcegaglia USA, which would also incorporate the Damascus-Bishop Tube Company.
During the same period, two other companies were formed in the United States, as subsidiaries of the parent companies in Italy: Oskar Usa in Birmingham (Alabama) and Oto Mills Usa in Wheaton (Illinois).
In 1999 Antonio Marcegaglia's efforts led to the incorporation of Marcegaglia Iberica, Marcegaglia Ireland, Marcegaglia France, Marcegaglia Austria and Marcegaglia do Brasil, the latter tripling its turnover by 2005, extending its plant and taking the number of its employees to 1000. Meanwhile, in Bremen, in joint venture with the Arbed Group, the first Marcegaglia company to produce quality steel was formed.
In 2000, the Group acquired Earcanal of Leioa, Spain. Following the joint venture with Arbed, in 2004 the Marcegaglia Group signed an agreement with the Corus group for the 10-year co-management of its British steelworks on Teesside, guaranteeing the supply at cost price of one million tonnes per year of slabs for the production of coils and sheets. Oto Mills do Brasil was founded in San Paolo in the same year.
In 2005 the Group proceeded with the expansion of Marcegaglia do Brasil, and in June Antonio Marcegaglia opened its fourth overseas production plant in Praszka (Poland), to manufacture tubes for refrigeration, panels and corrugated steel sheets. One year later, 20 kilometres away, the plant at Kluczbork was added, for the production of tubes and drawn products. Marcegaglia established Marcegaglia Gulf at Doha, Qatar in 2007. The expansion of its industrial activities continued in 2008 with its entry into China, where, in Yangzhou, 270 km north-west of Shanghai, [4] it created its first Asian plant for the production of stainless steel tubes and high-precision carbon steel, with the establishment of Marcegaglia Romania at Cluj, and with the start of work on the new production plant at Vladimir, Russia.
5.0 billion euro (2017e)
