Techint is an Italian-Argentine conglomerate founded in Milan in 1945 by Italian industrialist Agostino Rocca and headquartered in Buenos Aires (Argentina) and Milan (Italy). As of 2019 the Techint Group is composed of six main companies in the following areas of business: engineering, construction, steel, mining, oil & gas, industrial plants, healthcare. Techint, with its subsidiaries, is the largest steel making company in Argentina .
16-943: Techint claims to be the world's largest manufacturer of seamless steel tubes, mainly used in the oil industry. As of 2013, the Techint Group had a workforce of 51,200 permanent employees. Techint operates with two main entities: Techint S.A. , based in Buenos Aires, and Techint - Compagnia Tecnica Internazionale S.p.A. , based in Milan Agostino Rocca , an executive at Ansaldo and later at Dalmine and SIAC (steel and iron industries) founded Compagnia Tecnica Internazionale ( Italian for "Technical International Company") in Milan in September 1945, but developed its main activity worldwide. The original company name
32-618: A contract to build a 1,600 km (1,000 mi) gas pipeline from Comodoro Rivadavia to Buenos Aires in 1949 by President Juan Perón , Techint became a leading government contractor during Perón's ambitious infrastructure program in Argentina . Creating subsidiaries in Brazil (1947), Chile (1951), and Mexico (1954), the company opened its first seamless steel tube plant in Campana , in 1954; in 1969, Techint's Ensenada plant became
48-576: A contract to build a 1,600 km (1,000 mi) gas pipeline from Comodoro Rivadavia to Buenos Aires in 1949 by President Juan Perón , Techint became a leading government contractor during Perón's ambitious infrastructure program. Establishing subsidiaries in Brazil (1947), Chile (1951), and Mexico (1954), the company purchased a majority stake in Dalmine (Rocca's erstwhile employer), in 1954, and opened its first seamless steel tube plant in Campana ,
64-505: A leading competitor, Acindar . The aging industrialist transferred management of the company to his elder son, Roberto Rocca , in 1975, and died in Buenos Aires on February 17, 1978, at age 83. Techint was, by then, a conglomerate with 15,000 employees, two steel manufacturing facilities in Argentina and with international engineering and construction interests. Italian Argentines Too Many Requests If you report this error to
80-518: The San Nicolás - Villa Constitución oil-and-steel corridor, where the company is involved in the production of cold rolled steel . In those years, the Techint Group invested in oil and gas blocks in Argentina through exploration and production company Tecpetrol. In Italy, the Techint Group entered the health services sector by building and managing Istituto Clinico Humanitas (ICH), a hospital and medical research institute near Milan . Tenaris ,
96-646: The IRI's financial arm, in 1938, but began distancing himself from Mussolini in 1941, and was dismissed. The transfer of the retreating Mussolini regime into northern Italy, and the declaration of the Italian Social Republic over the area in 1943, led Rocca to break with the regime, joining the British-sponsored opposition group Otto, and suffering arrest in Asti and Milan. Following the fall of
112-558: The Mexican steel manufacturer, and its previous steel manufacturers Siderar ( Argentina ) and Sidor ( Venezuela ) would be under a new subsidiary called Ternium , headquartered in Luxembourg . On April 30, 2007, Ternium took control of Grupo IMSA, a major player in the Mexican steel industry. Venezuela nationalized Sidor in 2008, following a series of industrial disputes over the previous year. Compensation of around US$ 1.97 billion
128-531: The Mussolini regime's corporate state , in 1933, and joined the body's military industries committee, becoming a member of the board of directors of a number of venerable names in Italian industry and engineering, notably Dalmine and Ansaldo , and overseeing their conversion into defense contractors ahead of hostilities leading to World War II. He was appointed to the powerful post of director of Finsider ,
144-557: The company under which all the manufacturing and service activities in the steel pipe business are grouped today, went public at the end of 2002, quoted on the Buenos Aires, Mexico City and Milan stock exchanges; its American depositary receipts are listed on the New York Stock Exchange . On August 23, 2005, the Techint group bought 99.3% of Mexican Hylsamex for US $ 2.2 billion. In press release, Techint stated that
160-484: The only Argentine manufacturer of cold rolled steel . In the 1980s important projects were undertaken in Argentina , Brazil , Ecuador and Mexico , and the company diversified into new fields of activity, building the first nuclear facilities and offshore platforms. In the early 1990s Techint purchased a stake in Argentina's then-leading steel manufacturer, the state-owned SOMISA. A significant part of Techint's core manufacturing strength has since been concentrated in
176-584: The regime, he was arrested in Milan in April 1945 on the charge of collaborationism , but no longer an executive or administrator, and a belated opponent of the deposed fascist state, Rocca was released without charges. He founded the Compagnia Tecnica Internazionale (Italian, Technical International Company) in September 1945. Founded in Milan, Rocca's fledgling company was renamed as Techint , its abbreviated telex code. Awarded
SECTION 10
#1732779890025192-477: The same year. Techint's Ensenada plant, in 1969, became the only Argentine manufacturer of cold rolled steel . These developments prompted the Argentine government to enter into a tentative partnership with Techint through its state steel concern, Somisa. The joint venture with Techint's Propulsora Siderurgica was first announced in 1967, though, ultimately, a similar arrangement was concluded instead with
208-522: The war, he enrolled in the Politecnico di Milano in 1921 to study engineering and married Maria Queirazza. Rocca began as an engineering apprentice at Dalmine, a steel maker, in 1923. He later became a financial advisor, and worked for a number of prominent Italian firms, mainly in the manufacturing sector. He was made part of the Istituto per la Ricostruzione Industriale (IRI), the centerpiece of
224-648: Was agreed for the nationalisation of Ternium's 60% stake in Sidor, with the former keeping a 10% stake in the company, but frictions emerged with the Kirchner administration in Argentina over their reported refusal to raise objections to the nationalization with President Chávez. In 2016 the Techint Group entered the mining industry through the Tenova's acquisition of several companies operating in this field. Agostino Rocca Agostino Rocca (1895 – 17 February 1978)
240-670: Was an Italo-Argentine businessman. Agostino Rocca was born in 1895 in Milan . His family relocated to Rome early in his childhood, and he completed secondary school studies at the Collegio Militare di Roma. He enrolled at the Accademia Militare di Torino in 1913, but left to enroll in the Italian Army at the outset of World War I . During the war he saw combat against Austro-Hungarian forces. Following
256-478: Was changed after to Techint , its abbreviated telex code. The company began providing engineering services to a growing number of clients in Latin America -to where Agostino Rocca had traveled after World War II- and Europe. Construction activities soon followed: the first major Techint Engineering and Construction (E&C) project was a network of large diameter pipelines in Argentina and Brazil. Awarded
#24975