Signature of agreements with Iran
26 Gennaio 2016 - 6:12PM
Annunci Borsa (Testo)
DANIELI & C. OFFICINE MECCANICHE S.P.A.
Buttrio (UD) Â via Nazionale n. 41 41 Fully paid-up share capital
of euro 81,304,566 Registration Number with the Register of
Companies of Udine, tax number and VAT registration number
00167460302
www.danieli.com
PRESS RELEASE
Buttrio, January 26, 2016 Following President Hassan Rohani's visit
to Italy, where he met with Italian Prime Minister Matteo Renzi,
government ministers and the President of Confindustria Giorgio
Squinzi in Rome, Danieli & C. Officine Meccaniche S.p.A.
entered into agreements to invest approximately 2 billion Euros in
the joint venture Persian Metallics, as well as signing agreements
with several Iranian companies for the supply of steel and
aluminum-making plants, worth about 3.7 billion Euros. These
projects will be carried out by the "plant-making " division of the
Danieli Group, and will come into force as soon as the associated
financial packages are in place with SACE and the major Italian and
European banks, with the work being performed over the next 4/5
years. Not only do these projects aim to increase Iran's production
capacity but also to improve its quality, reduce the environmental
impact and optimize transformation costs, thus creating added value
for the mineral and energy resources that the country possesses,
and making the country's steel production competitive. Investing in
steel is part of Iran's strategy to boost the percentage of
industrial "manufacturing" compared to the current predominance of
the oil industry; planned work includes the construction of ports,
roads, railways and electrical power plants, and the Government is
passing laws to safeguard foreign investment and offering
incentives, something that other countries have already done. The
cost of energy in Iran is about 18 times lower than in Italy, and
their efficient education system delivers qualified engineers and
technicians who are already able to produce almost 18,000
"scientific papers" per year, with almost 235,000 people graduating
from engineering faculties (36% of the total) each year. These are
basically the premises that together with the growth of the
country, and hopefully the entire Middle East area, will make Iran
a point of reference in engineering and manufacturing, making steel
expansion projects economically feasible. Based on these facts and
the opening up of the country that is currently under way, we
believe that the financial system will see the financing of the
above projects in a positive light, as they will gradually come
into force in the next 12/36 months. The trade agreement signed
last week between Iran and China, which will see 600 billion Euros
invested over 10 years, clearly says a lot about the prospects and
potential that China sees in this country. The plant-making
division of the Danieli Group, whose headquarters are located in
Buttrio, employs about 10,000 people and includes various product
lines operating in the design, manufacture and startup of plants
for the production of steel and non-ferrous metals, ranging from
the processing of ore and scrap to the melting, casting, rolling
and finishing of numerous finished products, flats, long products,
extruded products and tubes.
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With its design centers located in the major industrial hubs in
Europe, the US and Japan, Danieli makes quality machines in its own
production facilities in Italy, Germany, China, Thailand and
India.
CORPORATE CONTACTS: Investor relations: Mr. Alessandro Brussi (tel.
0432 1958763) Department of Corporate Affairs: Daniela Boz (tel.
0432 1958308) investors@danieli.it d.boz@danieli.it
DANIELI & C. OFFICINE MECCANICHE S.P.A. Via Nazionale, 41 33042
Buttrio (Udine) Fully paid-up share capital of euro 81,304,566 Tax
number, VAT registration number and registration number with the
Register of Companies of Udine n. 00167460302
Economic/administrative registration number UD84904 telephone +39
0432 1958111- fax +39 0432 1958289 www.danieli.com info@danieli.com
Financial statements and publications are available on the
authorized storage mechanism "SDIR & STORAGE"
www.emarketstorage.com and on the company's Web Site:
www.danieli.com, Investors section
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