Primetals Technologies has transferred all its shares of Primetals Technologies Italy S.r.l., Marnate, to Callista Private Equity GmbH, a financial investor based in Munich, Germany.
As part of the transaction, Primetals Technologies Italy will be renamed to Pomini Long Rolling Mills S.r.l. (Pomini). The intellectual property of Primetals Technologies Italy is entirely transferred to Pomini, Kallanish learns. Primetals and Callista Private Equity have agreed to continue collaborating on certain types of long product rolling mills, WinLink plants, and in the field of mini-mills for long products on a project-by-project basis.
The group also announces it is bundling its in-house key product offerings for Long Rolling business under the lead of its two Centres of Competence (CoC). The one in Sutton, Massachusetts, USA, will focus on wire rod mills, bar in coil lines, combination mills including wire rod, bar in coil and straight bar outlet, high speed rebar mills, and nonferrous applications. The other one is the Electrics & Automation for Long Rolling Mills unit in Erlangen, Germany, supported by regional entities in Poland, Russia, India, China, and the USA.
In future, the WinLink technology – which directly links a high-speed caster to a high availability rolling mill for long products – will be owned by Primetals alone. Engineering, research and development, and project management for long rolling mills will be concentrated at Sutton, Massachusetts, the company adds.
Christian Koehl Germany