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Tenova Implements New Corporate Structure
08/03/2011 - Due to strong growth during the past decade, Tenova has decided to implement a new structure, splitting the Group into two divisions: Tenova Iron & Steel and Tenova Mining & Metals.
Due to strong growth both internally and through Mergers & Acquisition activities during the past decade, Tenova has decided to implement a new corporate structure, splitting the Group into two divisions: Tenova Iron & Steel and Tenova Mining & Metals.
The rationale behind the restructuring of the Tenova operations is to enhance cohesion and integration within the two core businesses.
“This is a complex operation put in place on a gradual basis to take into account all operational, management, and market variables,” said Gianluigi Nova, CEO of Tenova. “All this has a clear, precise objective: to give Tenova new and more ambitious growth targets, by leveraging the greater synergies the business units in each division will develop.”
Tenova, an Italian Group based in Milan, designs and supplies advanced technologies, products, and services for the metals and mining industries. The company operates close to its customers through a network of 33 companies based on five continents.
