Invitalia

Niche Fusina Rolled Products S.r.l., owned by DADA Holdings, Concord Resources, and Invitalia, acquired the business operations of Slim Fusina Rolling S.r.l. on March 31, 2022. The facility has a rolling capacity of 75,000 metric tons per year and employs about 250 workers.

BO Industries, part of the Cavaliere Group, will invest over EUR 15 million to build a new automated production unit in Benevento, Italy, for butter and cream products, supported by a EUR 6 million development contract from Invitalia.

DADA Holdings, Concord Resources and Invitalia acquired the business unit of Slim Fusina, an aluminium rolling operation in Venice, Italy, through a newly incorporated company Niche Fusina. The facility has a rolling capacity of 75,000 metric tons per year.

Invitalia announced a €400 million investment in AM InvestCo Italy, the subsidiary of ArcelorMittal that controls the Taranto steel plant. This gives Invitalia a 38% stake and joint control, and the company will be renamed Acciaierie d'Italia holding. The state will increase its stake to 60% by May 2022.

Italian state-owned Invitalia reached a deal with ArcelorMittal to pay 400 million euros for joint control of AM Investco, which operates the ILVA steel plant. Invitalia may invest up to 680 million euros by May 2022 to raise its stake to 60%.

Società Chimica Bussi (SCB) has started construction of a PAC production plant for water purification at its Bussi sul Tirino site in Italy. The total investment is €25 million, with €15 million from a national loan by Invitalia.