Aperam : Aperam, Arvedi and Marcegaglia to create a consortium to pursue
Inoxum's plant at Terni, Italy
Luxembourg / Cremona / Mantova, 20 February 2013 - Aperam S.A. ("Aperam"),
Ilta Inox S.p.A. ("Arvedi") and Marcegaglia S.p.A. ("Marcegaglia") announce
that they have signed a memorandum of understanding (MoU) to create an Italian
Joint Venture aimed at participating in the sale process of the stainless
steel producer Acciai Speciali Terni S.p.A, currently being divested by
Under the terms of the MoU, Aperam would be majority shareholder and operator
of the Joint Venture while Arvedi and Marcegaglia would each have equal
The consortium's combined experience and resources would be drawn upon to
improve the competitiveness and profitability of the Italian mill in the
European market for flat stainless steel products.
Aperam is a global player in stainless, electrical and specialty steel, with
operations in more than 30 countries. The business is organized in three
divisions: Stainless & Electrical Steel, Services & Solutions and Alloys &
Aperam has 2.5 million tonnes of flat stainless steel capacity in Brazil and
Europe and is a leader in high value added niches - alloys and specialties.
Aperam has a highly integrated distribution, processing and services network
and a unique capability to produce stainless and specialty from low cost
biomass (charcoal). Its industrial network is concentrated in six main plants
located in Brazil, Belgium and France. Aperam has about 9,800 employees.
Aperam commits to operate in a responsible way with respect to health, safety
and the well-being of its employees, contractors and the communities in which
it operates. It is also committed to the sustainable management of the
environment and of finite resources. In 2012, Aperam had revenues of USD 5.3
billion and shipments of 1.68 million tonnes.
For further information, please refer to our website at www.aperam.com
The Arvedi Group, founded by Giovanni Arvedi in 1963 and now controlled by the
holding company Finarvedi SpA, operates in the steel sector primary
steelmaking and steel processing activities and more generally in the
marketing of steel products. With more than 2500 employees, a volume of about
3.2 million tonnes of manufactured/processed steel and a consolidated turnover
which in 2011 reached 2.34 billion euros, the Cremonese group represents one
of the most important steelmaking companies at a European level.
The Group at a technological level also constitutes one of the world's most
significant realities in the sector and can count on works with modern plants
(in some cases unique in Europe), highly advanced technology, know-how and
specific patents (for example the original Arvedi ISP and ESP technology
patented worldwide), trademarks and quality homologations.
Marcegaglia is the leading industrial group worldwide in the steel processing
sector, with a yearly output of 5 million tons.
The group has operations worldwide with 7,500 employees, 52 sales offices, 210
representations and 50 manufacturing plants covering 6 million square metres,
where 5,500 kilometres of carbon and stainless steel products are manufactured
every day, serving more than 15,000 customers.
Activities in the steel sector (90%) and other businesses (10%) generated over
4.3 billion euro turnover in 2011.
Founded in 1959 and fully owned by the Marcegaglia family, the group is
headquartered in Gazoldo degli Ippoliti, Mantova, and is organized into 7
business areas: steel, building, home products, engineering, energy, tourism,
Corporate Communications / Jean Lasar:+352 27 36 27 27
Investor Relations / Laurent Beauloye: +352 27 36 27 36
ARVEDI | Finarvedi
Tel.+39 0372 53521
Communications / Rinaldo Arpisella: +39 02 30704280
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Aperam via Thomson Reuters ONE
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