[ Cover Story ]
[ Cover Story ]
COGNE & DMV – together focused on the future
Embracing the “ power of togetherness ” – Cogne Acciai Speciali Group launches DMV
At the end of October , Cogne Acciai Speciali completed its acquisition of seamless tube manufacturer Mannesmann Stainless Tubes and relaunched it under the name DMV . By embracing a name dating back to one of the most successful stainless steel tube collaborations the industry has ever seen , DMV is positioning itself for further growth in the warm embrace of its highly successful and rapidly expanding parent company . Stainless Steel World sat down with six key members of the Cogne and DMV teams to learn about the strategy behind the move and what it means for DMV and the Cogne Acciai Speciali Group .
Text by Joanne McIntyre , Stainless Steel World , images by Cogne Acciai Speciali Group
Strategic acquisitions Cogne Acciai Speciali Group CEO Massimiliano Burelli begins with an overview of the many changes which have taken place recently .“ Cogne Acciai Speciali ( CAS ) has over 108 years of history , dating back to 1916 when the Aosta plant was erected in Italy . Today it is a world leader in the production of long products in stainless steel and nickel alloys . I like to define us as a global company with a local touch . Since joining forces eighteen months ago , our shareholders , Walsin Lihwa Corporation and the Marzorati family , have embarked on an ambitious path of international development . Although the organisational changes have seen us grow into a Group with all the processes and procedures of a large multinational , our shareholders are controlled by individuals , so we retain the highspeed decision-making abilities of an entrepreneur . This enabled us to secure five acquisitions in a short time .” These started in August 2023 when CAS acquired the Degerfors and Storfors facilities of Outokumpu Long Products AB in Sweden . The two steel rolling mills have been producing stainless steel round billets , hot rolled bars , and peeled bars for about 50 years . The acquisition strengthened the Group ’ s production efficiency and further consolidated the company ’ s position in the stainless steel market . The next acquisition was Special Melted Products ( SMP ) in Sheffield , UK , which operates at the top end of demanding sectors such as aerospace , nuclear energy and oil and gas . “ SMP was very complementary to our activities ,” explains Mr Burelli . “ CAS was already active at the lower end of the nuclear and oil and gas sectors , and supplying aerospace material for items such as landing gear . The acquisition of SMP allowed us to enter the high end of the market , providing material and solutions for hot and rotating parts such as the struts supporting the turbine in jet engines .”
8 Stainless Steel World December 2024 www . stainless-steel-world . net