Marcegaglia

Marcegaglia is Italy’s leading industrial group in the national and international steel sector, which has been processing steel for over sixty years. The Company’s unique production and business model is a true expression of Italian family entrepreneurship, by successfully combining its own operational flexibility with strong market presence typical of multinationals. Established in 1959 by Steno Marcegaglia in the town of Gazoldo degli Ippoliti (Mantua) is today a Group fully run by his children Antonio and Emma Marcegaglia. 

In April, the Italian corporation Marcegaglia announced the acquisition of the Latvian unit of the Russian steel producer Severstal. The deal was made possible after obtaining approval from the Latvian government and the European Union competition authorities

We are very pleased with this deal. It has helped us to strengthen our commercial presence in Northern Europe and the Baltic states, a region where we have not been present before, thus revitalising our European operations, especially in Latvia and, respectively, in Poland and Ukraine,” says Antonio Marcegaglia, President and CEO of Marcegaglia Steel. “Last February, after a thorough review of the dossier, the Latvian government welcomed our Group's plans to acquire this company, recognising its revitalisation potential. We plan to resume operations very soon. We are delighted to have invested in Latvia and we are confident that our cooperation will continue to deliver great results in the future,” said Antonio Marcegaglia, president and CEO of the company.