Lovere-based, Italian company Lucchini RS (part of Sinpar Holding, which is owned by the Lucchini family) has announced a €27.5 million increase in its equity. Thus, the company's total equity has increased from €72.7 million to €100.2 million. According to a press release, Lucchini RS is aiming to maintain its equity levels despite strong industrial investments carried out in the last four years.
Since 2007 the investment plan of Lucchini RS has targeted the development of internal production lines. €80 million were a new railway steel wheel rolling mill, which is a feather in company's cap as one of the highest evolved in Europe. Furthermore, a €16 million automated railway axle manufacturing line is expected to begin production by the end of the year, supplying input to an €8 million axle forging line to be completed in 2012.
Targeting vertical integration, Lucchini RS (employing almost 1,300 people in Italy and overseas) has developed a wide network made up by subsidiaries and joint ventures, including Chinese-based Zhibo Lucchini, operating the biggest assembly and overhaul plant in the world for high-speed rail wheelsets, and Lucchini India, which focuses on developing Lucchini's core business in India and generally in the Asian market.