EuroWire March 2017

News Corporate

Newmanagement after buyout

Tenova business forges ahead Effective from 1 st January, the businesses of Tenova Core Inc, Pomini Tenova Inc (USA) and Tenova I2S will operate as a single company. The new company identity is Tenova Inc and all of its business activities will be conducted as Tenova Inc. Thomas Bovalina, current Tenova Core president and CEO, will continue to serve in the same position for the newly formed Tenova Inc. The new company will allow each product area to take advantage of Tenova’s global resource network and advanced technology offerings. The Tenova Inc product portfolio includes Melt Shops, LOI Thermprocess (heat treating furnaces), Italimpianti (reheating furnaces and strip processing), Pomini (roll shops) and I2S (cold rolling mills). The combined company will also allow for a more seamless and efficient sales and delivery process for its customers in the USA, Canada and Mexico markets. Tenova Inc – Italy Website : www.tenova.com In October 2015, the further development of the company was concluded with the addition of a 1,300m 2 building, and marketing activities were simultaneously strengthened. In order to secure the future of Carlo Salvi, AS the new owners of Carlo Salvi SpA, Hatebur Umformmaschinen AG will lead and appoint a new management team for the business based in Garlate, Italy. The current CEO, Dr Sergio Ziotti, retired from the business at the end of 2016. He acquired the company in 1994 following the death of its founder, Carlo Salvi. Under his leadership further development of the company was planned and, from 2002, production was expanded and modernised. In 2014, Carlo Salvi acquired a partner company, a supplier which had previously contributed the electrical and electronic systems of the machines. This important strategic step secured further production of modern machines and paved the way to high-quality customer service.

massive forming and markets them around the globe. This 100 per cent family-owned company was founded in 1930 and currently employs around 180 staff at sites in Switzerland, China, Japan and Germany. Hatebur Umformmaschinen AG – Switzerland Website : www.hatebur.com

Dr Ziotti searched for a suitable successor. With the acquisition of Carlo Salvi, Hatebur took over a modern company for the production of high-performance, high-tech machines in neighbouring Europe and its complementary product portfolio. The Swiss firm purchased several of the Italian company’s shares and took on all members of staff. Hatebur develops forming machines for hot and cold

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March 2017