The joint venture between Marcegaglia Steel and Manni Group, signed last July, has officially become operational following the European Commission’s approval in November. The new entity will focus on insulated panels and sectional door panels, aiming to become a key player in the Italian market and the second-largest panel producer in Europe.
With a client base spanning over 70 countries, the joint venture is projected to generate approximately €500 million in revenue and employ nearly 700 people.