Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Arvedi is one of the most important European steelmakers. It has around 1,600 employees and a consolidated turnover of over 940 million euro. Arvedi has four manufacturing plants situated in northern Italy and operating in three specific sectors: (1) Acciaieria Arvedi (Cremona), manufacturer and distributor of flat rolled carbon steel products; (2) Arvedi Tubi Acciaio (Cremona) and Ilta Inox (Robecco dOglio, CR), operators respectively in the carbon steel and stainless steel tube sectors; (3) Arinox (Riva Trigoso, GE), manufacturer of re-rolled stainless steel precision strip. A considerable share of their production (on average over 30%, with points of up to 70%) is destined for foreign markets.
In September 2006, the company announced the construction of a new technology-advanced plant which will be located near Cremona. The new technology - called "Endless strip production" (Esp) and developed in cooperation with Siemens Vai, the Industrial solutions and services division of the Siemens' industrial group allows the production of high-quality and ultrathin steel coils through a process line which directly transforms the liquid steel. The new plant will be smaller than the traditional production site (170 meters of overall length instead of 2 kilometres of a traditional plant). Moreover, the Esp technology guarantees a significant reduction of energy consumptions and an increase of the steel coils' production.
The project of new Arvedi plant, which will be operative in 2008, envisages the creation of 400- 500 jobs.
Eurofound (2006), Arvedi, Business expansion in Italy, factsheet number 64135, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64135.