Riva Group
Major European steel producer specializing in long products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $100k | Seed | |
| Total Funding | 000k | ||
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Riva Group is a privately held Italian steel producer and a significant player in the European steel industry. The company was founded in 1954 by brothers Emilio and Adriano Riva, who initially started with an iron scrap trading business in Milan. The business evolved from trading to manufacturing with the establishment of its first mini-mill in 1957. A major milestone was the introduction of Italy's first three-line continuous casting in 1964, a key technological innovation for the time.
The company specializes in the production of 'long' steel products using electric arc furnaces, a method that aligns with circular economy principles by recycling ferrous scrap. Its product portfolio includes billets, hot and cold-rolled long bars, wire rods, and reinforcing steel. The group serves demanding sectors such as automotive, mechanical engineering, and earthmoving, which require high-quality standards. The business model is centered on manufacturing and selling these steel products, with production facilities located across Italy, France, Germany, Belgium, Spain, and Canada. The company has grown through a series of acquisitions of steelworks across Europe, starting in the late 1960s and continuing for decades, which allowed it to expand its production capacity and market reach.
Following the passing of founder Emilio Riva in 2014, his son Claudio Riva was appointed Chairman of the holding company, Riva Forni Elettrici. The group remains entirely owned by the Riva family. It employs over 5,500 people across its international operations. The company emphasizes continuous investment in improving product quality, plant safety, and the environmental compatibility of its production processes.
Keywords: steel manufacturing, long steel products, electric arc furnace, automotive steel, construction steel, wire rod, reinforcing steel, steel recycling, European steel industry, Italian industry, heavy manufacturing, industrial materials, circular economy, scrap metal recovery, billets, hot-rolled steel, cold-rolled steel, mechanical engineering, earthmoving equipment, family-owned business
