According to the Italian financial newspaper Milano Finanza, Lovere, Bergamo-based Italian company Lucchini RS, a part of Sinpar Holding which is owned by the Lucchini family, expects to close this year with a turnover of approximately €300 million. According to forecasts, despite the almost constant increase in prices of the company's raw materials, EBITDA is expected to reach €45-50 million.
If the estimates prove accurate, Lucchini RS would increase its turnover by 25-30 percent compared to 2010 and its EBITDA by even more. This boost for growth comes from the increase of important investments made by Lucchini RS in its Chinese and Indian plants.
An example is the China-based Zhibo Lucchini Railway Equipment joint venture, which is 25 percent owned by Lucchini RS. Last year this JV increased its turnover by 300 percent. Zhibo Lucchini Railway Equipment, located in Taiyuan in China's Shanxi Province, is the world's biggest plant for the overhaul of wheel sets destined to equip Chinese high speed trains.