Società Italiana Acciaierie Cornigliano

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Società Italiana Acciaierie Cornigliano (SIAC)
IndustrySteel industry
Founded1934 in Genoa, Liguria, Italy
Headquarters
Italy
Key people
Oscar Sinigaglia
Agostino Rocca
ProductsSteel
OwnerItalian government

Società Italiana Acciaierie Cornigliano (SIAC) was an Italian steelworks company, that was once controlled by ArcelorMittal and is now in the process of being re-acquired by the Italian state.[1]

History[]

The 15000 tons forging press before the restoration in 2011 in the Ansaldo-SIAC factory in Campi.
The 15000 tons forging press after the restoration in the Ansaldo-SIAC factory in Campi.

It was established in 1934 to group the Ansaldo steelworks - started up in 1898 and centered on the Genoa Campi plant.

In the same year the company passed under the control of the Istituto per la Ricostruzione Industriale (IRI).

In 1938 the entire stock package was held by Finsider.

In 1939 the SIAC started the construction of the Genoa Cornigliano plant that, after the destruction of the Second World War, was dedicated to Oscar Sinigaglia.

In 1951 the SIAC entrusted the reconstruction and expansion of the Oscar Sinigaglia plant to Cornigliano Società per Costruzione Impianti Industriali (founded by Finsider in 1948), which will take over the name of Cornigliano S.p.A.

On April 14, 1951, for expanding the plant, the Castle Raggio was demolished, which was already heavily damaged by the bombings of the Second World War.

Finally, in 1962, SIAC entrusted the management of the Genoa Campi plant to Italsider Alti Forni and Acciaierie Riunite Ilva and Cornigliano.

In 1967 the company was incorporated into Italsider.

From there it went to the Gruppo Riva for a time.

On January 19, 2009, the Court of Appeal of Genoa declared null and void the first instance's verdict related to the charge of pollution and declared the extinction because of the statute of limitations of the other minor charges which Emilio Riva and two of his sons had been charged with in the management of the Ilva factory of Genoa, with regard to events occurred from 1995 to 2002 related to the violation of anti-pollution regulations.[2]

In May 2018 the Italian state, which had escheated ILVA by the ruckus, now sold the Taranto plant to ArcelorMittal for 1.8 billion.[3] Also included in the transaction were the Genoa steelworks and the Novi Ligure steelworks.[1]

See also[]

References[]

  1. ^ Jump up to: a b FERRARI, GILDA; MORETTI CLEMENTI, ELOISA (9 December 2020). "Dalla famiglia Riva al patto Mittal-Invitalia: così lo Stato torna a produrre acciaio". GEDI Gruppo Editoriale. Il Secolo XIX.
  2. ^ Source: Decision n. 139/2009 by the Court of Appeal of Genoa on January 19th, 2009.
  3. ^ Toplensky, Rochelle (7 May 2018). "ArcelorMittal gets EU greenlight to buy Italy's Ilva". Financial Times. Retrieved 16 March 2020.

External links[]

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