PP Rolling Mills (PPRM), a leading manufacturer and supplier of rolling mills and related equipment, has announced its acquisition of Pomini Long Rolling Mills (LRM), a renowned Italian company specializing in long rolling mills for special steels and associated technologies. This strategic move marks a significant milestone for both companies, enabling them to strengthen their positions in the global steel industry and pursue ambitious growth targets.
The partnership between PPRM and Pomini LRM aims to achieve a combined revenue of $500 million by capitalizing on the increasing demand for steel products in India and worldwide. With the Indian steel industry expected to grow rapidly, reaching 300 million tonnes by 2030, PPRM recognizes the immense potential in serving this booming market.
PPRM, with its established customer base and collaborations with major steel manufacturers, including TATA Steel and JSPL, brings extensive expertise in manufacturing and supplying rolling mills. On the other hand, Pomini LRM’s rich legacy and technical excellence in producing special steels and rails make it an ideal partner for this venture. The integration of their capabilities and resources will allow them to deliver cutting-edge solutions and meet the evolving needs of customers.
The acquisition not only expands PPRM’s presence in the European market but also strengthens its global footprint. Pomini LRM, operating in over 70 countries, brings a wealth of international experience and a strong customer base to the partnership. Together, the companies will leverage their combined strengths to enhance performance, accuracy, and sustainability in the steel industry.
Pankaj Khanna, the Managing Director of PP Rolling Mills, expressed his excitement about the partnership and outlined the company’s growth strategy. Khanna highlighted the importance of innovation, research and development, and the introduction of world-class products from Pomini LRM to fuel their expansion. He emphasized their commitment to delivering exceptional steel rolling mill solutions based on the highest manufacturing and quality standards.
The collaboration between PPRM and Pomini LRM is not only significant for the companies involved but also for the Indo-Italian trade relationship. The partnership reflects the synergy between Italian technological expertise and the opportunities offered by the Make in India initiative. Claudio Maffioletti, the Secretary General of The Indo-Italian Chamber of Commerce and Industry, commended the venture as a step towards integrating the Italian and Indian economies and strengthening bilateral business relations.
Industry leaders also expressed their support for the partnership. Naveen Jindal, Chairman of Jindal Steel, commended the collaboration, recognizing the potential to leverage technological advancements and maintain a competitive edge. Ruggero Brunori, CEO of Ferriera Valsabbia SpA, emphasized the benefits for customers, noting the strengthened commitment to delivering high-quality solutions and adding value in a competitive manner.
As the partnership between PPRM and Pomini LRM unfolds, it is expected to foster a culture of continuous learning and improvement, driving personal and professional growth for employees. The collaboration of these two industry giants, with a combined legacy of over 220 years and 1300 employees, holds the promise of transforming the steel industry by delivering unparalleled sustainability, innovation, quality, safety, and reliability.
With PP Rolling Mills’ acquisition of Pomini Long Rolling Mills, the global steel industry can anticipate a new era characterized by enhanced production capabilities, optimized operational efficiency, and advanced steel solutions that meet the evolving demands of customers worldwide.
