Duferco

Duferco Participations Holding SA, is a company based in Luxembourg City, Luxembourg.[4] Its main business is trading, producing, importing and exporting steel.

Duferco Participations Holding SA
S.A. (Anonymous Society)
Founded1979 in New York (United States), and São Paulo (Brazil)
HeadquartersRue Guillaume Schneider 6,
Luxembourg City
,
Luxembourg
Key people
Antonio Gozzi and Paolo Foti CEOs[1], Bruno Bolfo (Chairman)[2]
ProductsSteel and Raw Materials, Energy, Various
Revenue8 Billion USD[1] (2017)
43 Million USD[1] (2017)
SubsidiariesDuferco Italia Holding Spa[3], Duferdofin Nucor Srl, Duferco Commerciale Spa, Duferco Energia Spa, Duferco Bulgaria, Duferco Wallonie S.A.[3], Duferco France S.N.C., Duferco Participations Holding S.A., Virtual Duferco Group, Ironet Ltd Romania[3], Duferco S.A. (Switzerland company)[3], Duferco Kiev Representative Office, Ipacer S.A.[3]
Websitewww.duferco.com

History

Duferco was founded in 1979 by Italian Bruno Bolfo. His goal was to learn from Brazil from worldwide steel export. In 1982, the company moved its headquarters from New York and São Paulo to Lugano. Initially active only in the steel trade, Duferco also expanded its activities to the commodities trade in the early 1990s, in particular with raw materials for the steel industry such as coke, coal, iron ore, pig iron or sponge iron.[5]

With the acquisition in 1996 of the Italian Ferdofin Siderurgica (later renamed Duferdofin) Duferco rose in the steel production. Later, the company acquired additional steel mills, especially in Italy, Belgium and Eastern Europe.

After the turn of the millennium, Duferco split its activities with, among other things, its entry into the energy, shipping and logistics sectors.[6]

Business

The activities of the Duferco Participations Holding SA are divided into areas of trading, production and sales and producing energy and services.

Trading activities include all types of steel and steel products as well as raw materials for the steel industry. In 2007, the trade volume was 17.5 million tons, of which just under two thirds were steel and steel products and around one third raw materials. Duferco has 20 own steel works. In 2007, these produced a total of 6.9 million tonnes of steel. Sales includes the sale of processed steel products.

The group is also increasingly active in selected sectors of the energy sector, in particular renewable energies, shipping companies and logistics.[6]

Subsidiaries Companies and High Debt Level Issue

Duferco Participations Holding SA can count on a large number of subsidiary companies, including: Duferco Italia Holding Spa, Duferdofin Nucor Srl, Duferco Commerciale Spa, Duferco Energia Spa, Duferco Bulgaria, Duferco Wallonie S.A.[3], Duferco France S.N.C., Duferco Participations Holding S.A., Virtual Duferco Group, Ironet Ltd Romania, Duferco S.A. (Switzerland company), Duferco Kiev Representative Office, Ipacer S.A.[3] and many more.

Duferco Italia Holding company had a negative net income of 13 millions euro on 2015 and it has a total debt amount of 234 € millions.[7]

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References
  1. "Annual Report".
  2. "La Duferco di Bruno Bolfo: "Un gruppo europeo, con presenze globali e origini italiane" | impresaprogetto.it". www.impresaprogetto.it.
  3. "Annual Report" (PDF). www.duferco.com. 2014. Retrieved 25 April 2019.
  4. "Annual Report". Duferco.
  5. "Duferco - Group Profile". Duferco.com.
  6. "Duferco investe nell'energia elettrica". Il Sole 24 ORE.
  7. "Il gruppo Duferco Italia guidato da Gozzi nel 2014 perde altri 15 milioni". Repubblica.it. 17 March 2015.
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