Invest in Emilia-Romagna | Country focus: North America |

Country focus: North America

For a presentation of the region Emilia-Romagna please consult the brochure Emilia-Romagna – The New Italy 


  • NORTH-AMERICAN INVESTORS IN EMILIA-ROMAGNA

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The USA are one of the main areas of origin of foreign investors in Emilia-Romagna.
308 regional companies have a global ultimate owner based in the USA, with an aggregate turnover of 7.56 billion euros and 22,185 employees (source Aida Bureau Van Dijk, data extracted in January 2021 referring to the 2019 financial statements).

The following investors control regional companies with aggregate turnover > € 50 million annually: Philip Morris International, Amazon, Mohawk Industries Inc, Mckesson Corporation, Havi Europe Holding Llc, Crown Holdings Inc., Ferro Corp, Hanesbrands Inc., Advent International Corp, Emerson Electric Co, Sherwin Williams Company, The Kohler Family, Celanese Corporation, Caterpillar Inc, Titan International Inc, Dover Corporation, Marc Smith Herzstein, Baxter International Inc, Mr Warren Buffett, Rexnord Corporation, Dana Incorporated, Mr John Patrick Grayken, Manitex International Inc., Terex Corp, L3harris Technologies Inc., Amari Metals Europe Ltd., Nbsh Acquisition Llc, Avery Dennison Corporation, Dexko Global Inc, Glenair Inc.

Among the main regional companies controlled by US investors (Turnover> 45 million euros) we find: Havi Logistics S.R.L., Farmalvarion S.R.L., Marazzi Group S.R.L., Crown Imballaggi Italia S.R.L., Ferro Spain S.A., Champion Europe, Lombardini S.R.L., Celanese Production Italy S.R.L., Emerson Automation Solutions Final Control Italia S.R.L., Gambro Dasco S.P.A., Italtractor Itm S.P.A., Emilceramica S.R.L., Inver Spa, Sherwin-Williams Italy S.R.L., Mec-Track S.R.L., Ravaglioli S.P.A., Game 7 Athletics Srl, Ice S.P.A., Culligan Italiana - S.P.A., Caterpillar Prodotti Stradali S.R.L., Vetriceramici S.R.L., Biffi Italia S.R.L., Angelo Po Grandi Cucine Spa, Tectubi Raccordi S.P.A., Dana Motion Systems Italia S.R.L., Pm Oil & Steel S.P.A., Crown Commercial Italy S.R.L, Saga Coffee S.P.A., Allied International S.R.L., Afm - S.P.A., Calzoni S.R.L., Almet Italia S.R.L., Avery Dennison Ris Italia S.R.L., Safim S.R.L., Glenair Italia S.P.A., Terex Italia S.R.L., Borgwarner Systems Lugo S.R.L., Tecnord S.R.L., Rexnord Flattop Europe S.R.L., Industria Chimica Reggiana I.C.R. Spa

Important Canadian investors are also present in the region (aggregate turnover > 2 million euros): ATS Automation Tooling Systems Inc, Desmarais Family Residuary Trust, Ag Growth International Inc., Ritchie Bros. Auctioneers Incorporated, Jr Fashion Holdings Inc, Premier Tech Ltd, Constellation Software Inc., Joey Saputo, Ontario Municipal Employees Retirement System, Mr Paul Benjamin Pecota, Mr Mark Khouri, Oneworld Accuracy Inc, Engine Media Hldgs Inc.

Main regional companies controlled by Canadian investors are (turnover > 5 million euros): Comecer S.P.A., Agi Emea S.R.L., Ipe S.R.L., Calderys Italia S.R.L., Ritchie Bros. Italia S.R.L., Jrdl Italy S.R.L., Premier Tech Systems And Automation Srl, Bologna Football Club 1909.

Some case studies are listed below:

  • In January 2014, Philip Morris announced agreenfield investment of 500 million Euros in the Bologna area, now in the execution phase. The company manager explained the reason for the choice: "Bologna is not only the site of our most advanced filter factory (...) but it also offers excellent infrastructures and an availability of exceptional human resources." The plant has been completed ahead of schedule in December 2015. In 2017 Philip Morris doubles its investment in Bologna. At the end of 2020, the company opens in Crespellano a new center for higher education specialized in skills for industry 4.0: the Philip Morris Institute for Manufacturing Competences.
  • In April 2011, Amazon decided to set up their first logistic center in Italy in Piacenza. The center made its first delivery in September. The vice chairman of the company explained the reason for the choice: "from here we can reach 70% of our Italian customers in 3-4 hours". From 2013 to 2015 the American company has invested 70 million euro in the distribution centre, employing 830 persons. In 2019 the company opened a new sorting warehouse of 7,700 square meters in Sant’Arcangelo di Romagna, in the province of Rimini.
  • JMA Wireless / Teko Telecom represents one of the innovative investments that chose Emilia-Romagna exploiting incentives and support of the Regional Law for the Promotion of Investments (L.R: 14/2014). JMA Teko invested 22.4 million euros in its facility in Castel San Pietro Terme, near Bologna, with a contribution from the Region of around 2.3 million euros. The company had 194 employees in 2019 - of which 92 specialised graduates (from the University of Bologna in particular) - planning to increase the staff to 260 people with a project to build a factory of 10,000 square meters nearby, with a unit dedicated to creating and selling cellular network products.
  • In 2018, Eon Reality from California settled in Casalecchio di Reno (Bologna). The company develops software and digital platforms and has created an Interactive Digital Center in the region for the development of content and applications related to virtual and augmented reality (AVR). . A relevant aspect of the investment is the Entrepreneur School aimed at developing skilled workforce in the AVR area. The total amount of the investment is 24 million euro (of which 6.3 million euro financed by the Regional Government), with 160 new employees (of which 128 graduated) and several thousands of new indirect jobs, ensuring competitive advantages for the local companies. The investment has been supported by the call focused on Industry 4.0 of the Regional Agreements for the Settlement and Development of Enterprises, provided by the Regional Law for the Promotion of the investments (14/2014).
  • Gowan Italia, a member of the Gowan group based in the USA, specializes in the production of crop protection and nutritional products and is located at Faenza, in the province of Ravenna. In the 4 years after the company was taken over, in 2006, the turnover increased by more than one third, exceeding 20 million Euros.
  • Gambro, a multinational company acquired by the American Baxter group in 2013, produces medical technology for the support of various therapies (e.g.: for kidney and liver dialysis), and is present in the region with two different firms, Gambro Dasco and Gambro Hospal, located at Medolla (in the biomedical district in the province of Modena), and in Bologna.
  • Crown Imballaggi Italia, part of the American Crown group, is a company that produces metal packaging for foods and has an important base in Parma with the Head Office for the whole area of the North of Italy and a production facility.
  • Mohawk Industries has completed the acquisition of Marazzi in 2013, reaching a leading position in worldwide ceramic tile. In September 2016, Marazzi Group announced a new investment of 30 million Euro to renovate the plant in Sassuolo, the same in which the company was founded in 1935. The intervention will include the innovation of the production lines with more advanced and sustainable machinery and new R&D laboratories.
  • In 2017, Dana Incorporated announced that it has completed the acquisition of 80% of the power-transmission and fluid power businesses of Brevini Group S.p.A. The combination of Brevini into Dana’s business creates numerous opportunities, among them, the acquisition immediately expands Dana’s product portfolio, increases Dana’s addressable market and accelerates Dana’s hybridization and electrification initiatives.

 

  • IMPORTS-EXPORTS Emilia-Romagna/NORTH AMERICA

The North America area comprises mainly the USA and Canada (with the addition of Greenland and Saint-Pierre and Miquelon). In the last 10 years (2009-2019), regional exports to North America have grown by 174.4%, well above the levels before the crisis in 2008. Imports are considerably lower than the exports and increased by 47.2% since 2009.


IMPORTS/EXPORTS - EMILIA-ROMAGNA FROM/TO NORTH AMERICA (2009-2019)
Values in Euro - Source: ISTAT-COEWEB elaborated by ART-ER

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Emilian-Romagna exports to North America show high concentration in the mechanical engineering sector, which alone accounted for 67% of the total in 2019, followed by agri-food (10.5%) and construction (9.5%). Regional imports from North America are mainly concentrated on agri-food (33% of the total) and mechanical engineering (30%) sectors followed by fashion (17%).

IMPORTS/EXPORTS - Emilia-Romagna FROM/TO north america by production sector
(2019 - Value in Euro - Source: Istat data elaborated by ART-ER)


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COVID EFFECT: the trade data between Emilia-Romagna and North America, accumulated from the first to the third quarter of 2020, show a decrease of 12.2% in exports compared to the same period of the previous year, while imports recorded a decrease of 11.6%.

 

  • FOCUS EMILIA-ROMAGNA/USA

In the last 10 years (2009-2019), regional exports to USA grew by 181.1%, well above the levels before the crisis in 2008. Imports are considerably lower than the exports and increased by 58.6% since 2009.

 

IMPORTS/EXPORTS - EMILIA-ROMAGNA FROM/TO USA (2009-2019)
Values in Euro - Source: ISTAT-COEWEB elaborated by ART-ER

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In the exports from Emilia-Romagna to USA, the leading products are from the mechanical field, which alone account for 68.5% of the total in 2019, followed by agri-food (9.5%) and constructions (8.7%). Among the most important specific sectors we find first and foremost 'Automotive', which amount to 1.4 billion Euros, followed by 'Other machinery for general use', 'Other machinery for special uses', 'Machinery for general use', 'Terracotta construction materials'.
Regional imports from USA are mostly concentrated in mechanical productions (45% of the total), followed by constructions (10% of the total), agri-food (9%) and fashion (6%).

 

IMPORTS/EXPORTS - Emilia-Romagna FROM/TO USA by production sector
(2019 - Value in Euro - Source: Istat data elaborated by ART-ER)

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Top 20 sectors -  Exports from Emilia-Romagna to USA in 2019

Sectors

EXPORTS 2019

Motor vehicles

1,424,323,650

Other general purpose machines

772,447,778

Other special purpose machines

631,127,802

General purpose machines

581,290,345

Terracotta building materials

496,359,616

Articles of clothing, except fur clothing

194,227,962

Parts and accessories for motor vehicles and their engines

191,329,644

Metal forming machines and other machine tools

138,597,385

Ships and boats

133,609,498

Dairy industry products

133,375,379

Other food products

126,897,352

Beverages

94,436,594

Means of transport n.e.c.

82,866,152

Processed and preserved meat and meat products

77,649,025

Electric motors, generators and transformers; electricity distribution and control equipment

73,413,198

Medicines and pharmaceutical preparations

72,136,960

Instruments and apparatus for measuring, testing and navigation; watches

69,904,881

Agricultural and forestry machinery

68,700,304

Appliances for domestic use

67,427,269

Tanned and worked leather; travel items, bags, leather goods and saddlery; prepared and dyed furs

66,265,167

 

Top 20 sectors -  Imports from USA to Emilia-Romagna in 2019

Sectors

IMPORTS 2019

Non-permanent agricultural crop products

176,995,147

Medicines and pharmaceutical preparations

108,251,443

General purpose machines

76,371,251

Products of permanent crops

49,368,851

Other general purpose machines

47,884,855

Pulp-paper, paper and cardboard

34,534,529

Other special purpose machines

31,709,620

Basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber in primary forms

27,915,662

Processed and preserved meat and meat products

26,248,269

Articles in plastic materials

23,737,963

Medical and Dental Tools and Supplies

23,008,208

Instruments and apparatus for measuring, testing and navigation; watches

22,960,360

Vegetable and animal oils and fats

20,866,960

Instruments for irradiation, electro-medical and electrotherapeutic equipment

17,696,253

Electric motors, generators and transformers; electricity distribution and control equipment

15,659,587

Products deriving from petroleum refining

14,993,106

Waste

13,898,952

Articles of clothing, except fur clothing

13,851,086

Wiring Equipment

12,197,888

 Basic Pharmaceutical Products

11,276,187

 

 

  • FOCUS EMILIA-ROMAGNA/CANADA

In the last 10 years (2009-2019), regional exports to Canada grew by 124.5%, well above the levels before the crisis in 2008. Imports are considerably lower than the exports and decreased by 30% since 2009.

 

IMPORTS/EXPORTS - EMILIA-ROMAGNA FROM/TO CANADA (2009-2019)
Values in Euro - Source: ISTAT-COEWEB elaborated by ART-ER

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In the exports from Emilia-Romagna to Canada, the leading products are from the mechanical field, which alone account for 52.3% of the total in 2019, followed by agri-food (20.5%) and constructions (16.8%). Among the most important specific sectors we find 'Other general purpose machines' and 'Terracotta building materials' (both around 100 million euros), followed by 'Motor vehicles', 'Other special purpose machines', 'General purpose machines'.
Regional imports from CANADA are mostly concentrated in agri-food productions (42.6% of the total), followed by mechanical engineering (24.3% of the total), Other sectors (16.8%) and Health (9.2%).

 

IMPORTS/EXPORTS - Emilia-Romagna FROM/TO CANADA by production sector
(2019 - Value in Euro - Source: Istat data elaborated by ART-ER)

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Top 20 sectors -  Exports from Emilia-Romagna to CANADA in 2019

Sectors

EXPORTS 2019

Other general purpose machines

108,410,694

Terracotta building materials

98,468,219

Motor vehicles

70,827,031

Other special purpose machines

61,836,569

General purpose machines

42,926,191

Dairy industry products

36,891,142

Processed and preserved meat and meat products

31,697,773

Beverages

22,685,804

Articles of clothing, except fur clothing

19,466,819

Metal forming machines and other machine tools

18,551,399

Other food products

17,890,931

Agricultural and forestry machinery

17,720,180

Basic Pharmaceutical Products

12,093,244

Means of transport n.e.c.

11,613,491

Articles in plastic materials

11,445,057

Ships and boats

10,400,000

Parts and accessories for motor vehicles and their engines

9,629,827

Abrasive products and non

9,014,307

Processed and preserved fruit and vegetables

8,225,138

Appliances for domestic use

8,176,664

 

Top 20 sectors -  Imports from CANADA to Emilia-Romagna in 2019

Sectors

IMPORTS 2019

Non-permanent agricultural crop products

20,267,786

Pulp.paper, paper and cardboard

6,109,572

Instruments for irradiation, electro

3,967,323

General purpose machines

3,179,986

Waste

3,017,239

Instruments and apparatus for measuring, testing and navigation; watches

2,870,704

Processed and preserved fruit and vegetables

2,121,891

Aircraft, spacecraft and related devices

1,523,122

Basic chemicals, fertilizers and nitrogen compounds, plastics and synthetic rubber in primary forms

1,479,733

Appliances for domestic use

1,281,777

Processed and preserved meat and meat products

1,253,169

Other general purpose machines

1,252,396

Processed and preserved fish, crustaceans and molluscs

1,156,487

Fish and other fishery products; aquaculture products

1,098,822

Other special purpose machines

1,055,525

Lighting Equipment

857,217

Products of the steel industry

847,271

Medical and Dental Tools and Supplies

680,330

Basic Pharmaceutical Products

645,858

Wood cut and planed

566,157

 

Useful contacts

EMILIA-ROMAGNA IN SILICON VALLEY: https://www.emiliaromagnainsiliconvalley.it/en/

 

 


 

Strumenti personali

Invest è realizzato da Ervet s.p.a su incarico della Regione Emilia-Romagna

Via Morgagni, 6 - 40122 Bologna tel. 051/6450411 - P.I. 00569890379 - fax 051/6450310 - e-mail: investinemiliaromagna@ervet.it - info@ervet.it