| Type | Subsidiary |
|---|---|
| Industry | Steel |
| Founded | 1946 |
| Founder(s) | Luigi Lucchini |
| Headquarters | Brescia, Italy |
| Products | Hot-rolled long products Semiproducts Cold-processed bars Railway products |
| Revenue | € 2.747 billion (2007) |
| Operating income | € 0.314 billion (2007) |
| Net income | € 0.149 billion (2007) |
| Employees | 6,992 (2007) |
| Website | www.lucchini.com |
| References: [1] | |
Gruppo Lucchini is the third largest Italian steel group after Gruppo Riva and Techint, with a 2005 production of 3.5 million tonnes.[2] It is specialized in high quality long and special carbon steel products.
Lucchini was acquired by the Russian steel and mining company Severstal in 2005.
The Group's founder and current Honorary President Luigi Lucchini expanded and developed his father's business of crafting iron at Casto, Italy by building a small rolling mill to produce rebar during the period after World War II. Over the years, the craftsmanship was replaced by industry, investing in more and more productive rolling mills and building the first electric arc furnaces to melt scrap and transform it into steel ingots, ready for rolling. During this period Lucchini played a role within the Italian steel industry making a name for itself through unyielding determination. In the 1970s and 1980s, Lucchini Group forecasted market evolution and progressively widened its product range to include added value products through investment and acquisition. Through privatization, the g roup entered the integral cycle technology, widened its product range, invested its resources in R&D sector, set an increasing attention onto customer service and developed the internationalization process. In 2005, following a financial restructuring due to important investments in the plants, the majority of Lucchini Group was acquired by the Russian group SeverStal, through a capital increase. Today, Lucchini Group consists of two Business Units: Lucchini Piombino in Italy and Ascometal in France.
Lucchini has multiple domestic and international facilities. The main facility in Italy is in Piombino (active since 1908 and acquired by Lucchini in 1992); there are also facilities in Trieste (established by the Austrian Krainische Industrie Gesellschaft in 1896 and acquired by Lucchini in 1995), Condove, Lecco and Bari. Lucchini has also facilities in France situated in: Dunkerque, Hagondange, Saint-Étienne, Fos-sur-Mer and Goncelin.