Salini Impregilo

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Salini Impregilo S.p.A.
Società per azioni
Traded asBITSAL
IndustryConstruction, civil engineering
Founded2014 - 1959 (as Impregilo)
Headquarters,
Italy
Key people
ProductsInfrastructure and industrial plant construction and engineering; motorway operating concessions
Revenue€6.5 billion (2017)[1]
€457 million (2017)[1]
€117.4 million (2017)[1]
Number of employees
35,000 (2016)
Websitesalini-impregilo.com

Salini Impregilo S.p.A. (Italian pronunciation: [saˈlini impreˈd͡ʒiːlo]) is an Italian industrial group specialised in the construction and civil engineering business headquartered in Milan. The company was formally founded in 2014 as the result of the merger by incorporation of Salini into Impregilo. Salini Impregilo is the largest Italian engineering and general contractor group and a global player in the construction sector.

The Group is active in over 50 countries of 5 continents (Africa, America, Asia, Europe, Oceania) with 35,000 employees. Its experience ranges from the construction of dams, hydroelectric plants and hydraulic structures, water infrastructures and ports, to roads, motorways, railways, metro systems and underground works, to airports, hospitals and public and industrial buildings, to civil engineering for waste-to-energy plants and environmental protection initiatives. It takes first place in the water sector of the Engineering News-Record rankings, the benchmark for the entire construction industry.[2]

Salini Impregilo is listed on the Milan Stock Exchange. It is directed by Pietro Salini.

History[edit]

The company was founded as Impregilo in 1959 and expanded following a merger with Cogefar-Impresit S.p.A., Girola S.p.A. and Lodigiani S.p.A. in 1990.[3]

In 2011 Salini, privately held, began its acquisition of Impregilo with an initial purchase of shares, reaching 25% the following year. The acquisition set a precedent in Italy because it was the first proxy fight for control of a company to occur in the country. Despite the opposition it faced from a group of investors, Salini managed to convince enough shareholders at an assembly in July 2012 to approve its proposal to replace Impregilo’s board of directors with its own list of candidates. Once in place, these new members of the board approved Salini’s offer to buy the rest of Impregilo. Pietro Salini became chief executive. A few months later, the board approved Salini’s plan.[4]

In 2013, Salini launched a tender offer to buy the remaining ordinary shares in Impregilo. In January 2014 the transaction was completed forming Salini Impregilo.[5]

On December 18, 2018, Marco Bucci, the mayor of Genoa and commissioner overseeing the reconstruction of the bridge over the Polcevera River announced the selection of Salini Impregilo and Fincantieri Infrastructure, via a new company called PERGENOVA, for the reconstruction of the bridge according to a design by Renzo Piano.[6][7][8]

Operations[edit]

Salini Impregilo undertakes the following types of works: dams, hydroelectric power plants, railways, tunnels, undergrounds, bridges, viaducts, highways, roads, ports, airports and prestigious residential and office complexes.[9] The Group operates in more than 50 countries on 5 continents and has 35,000 employees. It is organised into four business areas: Dams, hydroelectric plants and hydraulic works; Motorways and airports; Railways and undergrounds; Civil and industrial buildings.[10]

With more than a century of engineering experience among the two founding companies of Salini Impregilo, the group’s track record includes 257 dams and hydroelectric plants; 6,830 kilometres (4,240 miles) of railway lines; 1,450 kilometres (900 miles) of underground works, 400 of which subway lines; 51,660 kilometres (32,100 miles) of roads and highways; and 350 bridges and viaducts.[11]

Major projects[edit]

Projects in which Salini Impregilo has been involved include buildings, public utilities, motorways, underground works, airports, water supply systems, waste disposals, hospitals and land development. Some major examples include:

Salini Impregilo is also working on the Gotthard Base Tunnel. The Group is also leading a consortium for Red Line North, a part of the Doha Metro project in Qatar, which is expected to be completed in 2019.[33]

Corporate Affairs[edit]

The Salini Impregilo Board of Directors is as follows:[34]

Position Name
Chairman Alberto Giovannini
Chief Executive Officer Pietro Salini
Deputy Chairperson Nicola Greco
Independent Director Marina Brogi
Independent Director Giuseppina Capaldo
Independent Director Mario Giuseppe Cattaneo
Director Roberto Cera
Independent Director Raffaella Leone
Independent Director Geert Linnebank
Independent Director Giacomo Marazzi
Independent Director Ferdinando Parente
Independent Director Franco Passacantando
Deputy Chairperson Laudomia Pucci
Director Grazia Volo
Director Alessandro Salini

See also[edit]

References[edit]

  1. ^ a b c "Annual Results 2017". Salini Impregilo S.p.A. Retrieved 15 March 2018.
  2. ^ "ENR Classification – Water Sector: The Salini Impregilo Group takes first place".
  3. ^ Rickard, Carmel (4 September 2006). "Water project trial targets Italian giant". Business Day. Retrieved 14 July 2013.
  4. ^ "Italian Investors Feud Over Biggest Builder Impregilo". Bloomberg. 12 July 2012. Retrieved 10 August 2016.
  5. ^ Flak, Agnieszka (12 September 2013). "Impregilo shareholders approve merger with Salini". Reuters. Retrieved 1 March 2014.
  6. ^ Press, The Associated (2018-12-18). "Genoa Announces $229M Project to Replace Collapsed Bridge". The New York Times. ISSN 0362-4331. Retrieved 2018-12-19.
  7. ^ "Genoa Bridge - Salini Impregilo". www.salini-impregilo.com. Retrieved 2018-12-19.
  8. ^ "Fincantieri | SALINI IMPREGILO, FINCANTIERI TO REBUILD GENOA BRIDGE WITH NEW "PERGENOVA" COMPANY". www.fincantieri.com. Retrieved 2018-12-19.
  9. ^ Projects: works Salini Impregilo
  10. ^ Projects: expertise Salini Impregilo
  11. ^ Track Record Salini Impregilo
  12. ^ Spurwing facts Archived 2009-11-05 at the Wayback Machine
  13. ^ Ilisu Dam campaign
  14. ^ VRA honours Italy contractors of Akosombo Kpong dams
  15. ^ Abu Simbel Archived 2010-01-02 at the Wayback Machine
  16. ^ Lavori marittimi nella Baia di Fontvieille Archived 2013-10-29 at the Wayback Machine
  17. ^ Ilisu
  18. ^ Fréjus, Tir trains: falls on the last alibi for the Turin-Lyon
  19. ^ Ferrovia transgabonese Archived 2013-10-29 at the Wayback Machine
  20. ^ Ponte Posadas - encarnacion sul fiume Paranà
  21. ^ A much discussed chamber
  22. ^ Corner House
  23. ^ "Brazil, Serro do Mar - br/18 - Highway". Tunnelbuilder Ltd. Retrieved 23 September 2015.
  24. ^ Riaa Law
  25. ^ Nathpa Jhakri Hydroelectric Power Project
  26. ^ Grand Mosque Abu Dhabi Archived 2010-03-06 at the Wayback Machine
  27. ^ Financing agreed for Jebel Ali L Power Plant
  28. ^ Karahnjukar website - Impregilo Archived 2005-06-22 at the National and University Library of Iceland
  29. ^ Italians set national rail speed record in tunnel
  30. ^ "Alfred McAlpine JV wins £125m hospital contract". Building. 19 December 2005. Retrieved 30 April 2018.
  31. ^ "Salini Impregilo CEO outlines solutions to Panama Canal dispute". Reuters. 8 January 2014. Retrieved 3 March 2018.
  32. ^ "Italians Picked for Rogun Dam Contract". Eurasianet. 1 July 2016. Retrieved 3 March 2018.
  33. ^ "Italian-led group wins $2bn contract to build north Doha Metro line". Doha News. 19 May 2013. Retrieved 13 June 2015.
  34. ^ "Board of Directors - Salini Impregilo". www.salini-impregilo.com. Retrieved 2018-12-19.

External links[edit]