| The company's chief executive officer (CEO), Antonio Marcegaglia, recently made a statement that the company was exploring ways to expand its overseas production and was planning facilities in India and China. |
| Though not indicating the quantum of investment, he said that the company would make a major investment, focusing on the high-end sector as it was doing in Poland. An e-mail sent to Marcegaglia on its detailed plans went unanswered. |
| Incidentally, the company had lined up three phases of investment in south-west Poland, which would become the second largest plant of Marcegaglia in Europe. The Italian steel major had bought five lakh square metres in south-west Poland. |
| Marcegaglia has 47 plants, 49 sales offices, 150 agencies and 3,500,000 square metres of manufacturing area. |
| The company processes 4.5 million tonnes of steel every year and happens to be among the biggest service centres in Europe. That apart, Marcegaglia has cold rolling mills with a manufacturing capacity of two million tonnes and hot dip galvanising lines with one million tonne capacity. |
| The company's daily production equals 5,000 km of welded tubes, open profiles, drawn tubes, panels, coil strips and sheets made from carbon steel, stainless steel and aluminium, in every size and thickness. |
| Marcegaglia happens to be the seventh foreign company to evince interest in India after Stemcor, Posco, Mittal Steel, Sinosteel, Nippon Steel Corporation and Kobe Steel. |
| It's not surprising that Marcegaglia is looking at China and India. According to the International Iron and Steel Institute (IISI) figures for 2006, India and China were the two fastest growing countries, among crude steel producing countries. |
| China clocked in a growth of 17.7 per cent to 418.8 million tonnes while India recorded 7.6 per cent increase to 44 million tonnes. |
| Further, IISI figures indicate that 10 years ago the Asian region accounted for 38.4 per cent of all crude steel produced. |
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