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BOLTIERE,
ITALY — Italian coil re-roller and tube
maker Marcegaglia confirmed that it is contemplating
upstream integration to produce its own hot rolled
coil.
“We will consider upstream integration if
this is required for our long-term growth,” said
Antonio Marcegaglia, the company’s ceo, in
the keynote speech of a ceremony for the re-opening
of its upgraded cold-drawn and precision tubes
plant in Boltiere.
Security of upstream production as the company
grows from 4.5 million tonnes tpy to 8 million
tpy in 2010 was part of the reason, he added. Marcegaglia
told MB he expects to make a decision in the next
three to four months, although he could not elaborate
on whether this was likely to be a joint or a direct
venture. |
The company imported over 1 million tonnes of HR from
China last year and is one of the largest buyers of HR
coil in Europe.
In June, Marcegaglia confirmed it was looking to make
major investments in India, China and/or Russia: “Talks
are going on, but there is not yet a defined plan or
a full decision,” said Marcegaglia. He conceded
that it could possibly come early next year.
The company said the re-opening of Boltiere after an
investment of €25 million, makes it Europe’s
largest cold-drawn tube plant. The Boltiere plant supplies
welded and seamless cold-drawn tubes for automotive-hydraulic
and mechanical applications
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Marcegaglia Boltiere
 Marcegaglia
Boltiere
source:
www.metalbulletin.com
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