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Danieli

Danieli

Industry: 
Energy, Industrial Metals
Symbol: 
BIT:DAN
States: 
PA
Country: 
Italy
Contact Information: 
Sources: 

"Iran’s mining sector has now more than $10 billion of investment pledges by the Europeans and Chinese under its belt, Deputy Mine, Industry and Trade Minister Mehdi Karbasian says. '$10 billion of foreign investment package has been drawn up for three countries,' the Mehr news agency quoted him as saying Monday. Italy's Danieli signed a joint venture and agreed orders worth in total about 5.7 billion euros during President Hassan Rouhani’s tour of Europe last week. The venture 'Persian Metallics', with an estimated worth of 2 billion euros, involves a group of international and Iranian investors. Danieli would have a majority 60% stake compared to 40% for Iran’s IMIDRO in the ventures, Karbasian has said. The company said it signed agreements to supply heavy machinery and equipment to Iran." (Press TV, “Iran mining attracts $10 billion,” 2/1/2016)

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"European companies are promising billions in new deals in Iran—€5.7 billion from Italian steelmaker Danieli and more than €300 million from French car builder PSA Peugeot Citroën, among others—as Iranian President Hassan Rouhani works to revive trade and political ties on the Continent this week. Mr. Rouhani landed in Rome on Monday on his first overseas trip since the European Union lifted sanctions on Jan. 16 in return for Tehran’s implementation of key restrictions on its nuclear program…. Italian and Iranian companies signed deals valued at about €17 billion ($18.36 billion) late Monday ahead of a formal dinner between Mr. Rouhani and Italian Prime Minister Matteo Renzi. Earlier in the day, Italian steel firm Danieli said it would sign deals valued at about €5.7 billion during the visit." (The Wall Street Journal, “Iran President Visits Europe to Seal Post-Sanctions Deals Worth Billions,” 1/25/2016)

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"Iran has announced that it has received a proposal from Italy over a major investment in its steel and aluminum production projects. The announcement has been made through a statement by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). The Organization - which is the engineering arm of Iran's Ministry of Industry, Mining and Trade - said the proposal has been proposed during a meeting between the top directors of Italy's leading steel player Danieli and FATA with IMIDRO Chairman Mehdi Karbasian. IMIDRO added that Danieli CEO Gianpietro Benedetti has told Karbasian that the two companies are willing to invest as much as €4 billion in Iran's steel and aluminum projects... Danieli and FATA have been both involved in several of Iran's steel and aluminum projects over the past 25 years, added IMIDRO in its statement." (Press TV, "Italy firms propose €4bn plans to Iran," 11/4/15)

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Danieli reportedly participed in the Iran Mines & Mining Industries Summit, held in Tehran May 31-June 1, 2015. (IMIS Website, “List of companies participating in IMIS”)

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“As economic sanctions eased last month under a temporary accord, Iran is shaping up as a hot, untapped opportunity for Western steel exporters, particularly high-grade varieties…About 45 producers sent representatives to a steel conference last month in Tehran to study export opportunities and investing in Iran’s domestic industry, Karbasian said. More than 10 steelmakers contacted by Bloomberg declined to comment or said they hadn’t attended the event…Danieli SpA of Italy and Germany’s SMS Siemag gave addresses at the steel event in Tehran, Karbasian said. A person familiar with Danieli’s situation said the company attended the conference, as the Iranian market is interesting and Danieli is evaluating possible opportunities there.” (Bloomberg, “Iran Thaw Seen Re-Stoking $6 Billion Market for Steel,” 3/12/14)

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"An Italian business delegation will visit Iran to explore investment opportunities in the Islamic Republic. The delegation, headed by Chairman of Iran-Italy Chamber of Commerce Rosario Alessandro, will start a four-day visit to Iran on Saturday, said the Press Office of the Iranian Embassy in Rome, Press TV reported…Meanwhile, Italy's Danieli company said it is ready to build a factory in Iran to design and produce mining equipment and machineries. Danieli Chief Executive Officer Gianpietro Benedetti, who is visiting Iran after four years, in a meeting with Mehdi Karbasian, director of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), on Friday referred to Danieli's years of presence in Iran and said the company is keen to expand relations in the mining industry. ‘The construction project of a factory for designing and production of equipment and machineries is currently underway in Shahreza, Isfahan province, and will come on stream within 15 months,’ Benedetti said. Benedetti said Danieli is ready to share its know-how and years of experience in steel industry with Iranian firms. The IMIDRO chief said his organization wants Danieli to cooperate in building a steel factory in Iran and will make every necessary preparation in this regard…Danieli ranks among the three largest suppliers of equipment and plants to the global metal industry. The company has seven factories in Italy, Germany, France, Sweden, Thailand, China and India. Its headquarters is in Buttrio in northeast Italy.” (Iran Daily, “Italian business delegation due,” 2/22/14)

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“Italian company, Danieli, has expressed its readiness to establish a factory in Iran for manufacturing mining machinery, ISNA reported on February 21. Danieli's CEO Gianpietro Benedetti made the remarks at a meeting with Iranian Deputy Industry Minister Mehdi Karbasian in Tehran. Currently, a steel plant is being built by Danieli in Iran's city of Shahreza, in Isfahan province, he said, adding that the project will be inaugurated by in the next 15 months.” (Trend, “Italian firm ready to build mining machinery factory in Iran,” 2/21/14)

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"Iranian special steel producer Iran Alloy Steel plans to construct a new seamless pipe mill, Steel Business Briefing is informed by the Iranian state metal and mining group Imidro. A consortium formed of Danieli and another company has signed a contract to construct the new facility named Yazd 1, says Iran Alloy Steel’s director of expansion projects Hokmolah Babaei. The capacity of the new mill, which is expected to be completed within 33 months, will be about 525,000 tonnes/year, a source informs SBB." (Steelmaker.ru, "Danieli will Build New Seamless Pipe Mill for Iranian Special Steel Producer," 4/21/11)

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"The list of about 1,000 Italian companies active in Iran includes such household names as Eni—the energy giant is Iran's biggest business partner in Europe according to the Italian-Iranian Chamber of Commerce—as well as Fiat, Ansaldo, Maire Tecnimont, Danieli and Duferco." (Wall Street Journal, The Rome-Tehran Axis, 1/14/2010)

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"Italy's Danieli & Company has been awarded the job of setting up a big facility in Khuzestan to build steel sheet for oil and gas pipelines. The $232 million contract signed on 25 October requires a separate financing deal being negotiated with Mediocredito Centrale." (MEED, "Iran: Danieli Steel Contract awaits Finance Line." 1999)