Top 10 Largest Manufacturing Companies in Italy

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Italy is well-known for its rich culture, history, and cuisine, but it is also a major player in the global manufacturing industry. Italy has a long tradition ... read more...

  1. Top 1

    Fiat

    Fiat is an Italian car manufacturer that was part of Fiat Chrysler Automobiles before becoming a subsidiary of Stellantis through its Italian division Stellantis Italy in 2021. Fiat Automobiles was established in 2007 when Fiat S.p.A. reorganized its car business, and it can trace its roots back to the production of the first Fiat automobile, the Fiat 4 HP, in 1899.


    Fiat Automobiles is the biggest car manufacturer in Italy and was the largest in Europe and the third biggest in the world for over two decades until the car industry crisis in the late 1980s. In 2013, Fiat S.p.A. was the world's eighth-largest automaker, and FCA was the seventh-largest European automaker by volumes produced.


    Fiat-brand cars are manufactured in several locations worldwide, with Brazil being the largest country of production outside Italy. The group also has factories in Argentina, Poland, and Mexico, where Fiat-brand vehicles are manufactured at plants owned and operated by Stellantis North America for export to the United States, Brazil, Italy, and other markets. Fiat has a history of licensing its product manufacture in other countries.


    Over the years, Fiat Automobiles has received many international awards for its vehicles, including nine European Car of the Year awards, more than any other manufacturer. Fiat has also ranked multiple times as having the lowest level of CO2 emissions by vehicles sold in Europe. Additionally, Fiat has manufactured railway engines, military vehicles, farm tractors, aircraft, and weapons such as the Fiat–Revelli Modello 1914.


    Founded: 1899

    Headquarters: Lingotto, Turin, Italy

    Website: https://www.fiat.com/

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    Fiat

  2. Top 2

    Luxottica

    Luxottica is a leading eyewear company with a strong presence in the global market. The Italian conglomerate is renowned for its top-quality eyewear brands such as Ray-Ban, Costa, Persol, Oliver Peoples, and Oakley. Luxottica's success can be attributed to its vertically integrated business model which enables it to control every aspect of its operations. The company designs, produces, distributes, and sells its eyewear brands through its subsidiaries which include LensCrafters, Sunglass Hut, Pearle Vision, Target Optical, and Glasses.com.


    Luxottica's market dominance has often been referred to as a monopoly due to its ability to control prices. The company's market power has allowed it to charge high markups of up to 1000% on its products. Luxottica's success is not limited to its own brands as it also produces sunglasses and prescription frames for luxury brands such as Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Michael Kors, Coach, Miu Miu, and Tory Burch.


    In 2017, Luxottica announced a merger with Essilor, the leading French lens manufacturer. The merger brought together two of the biggest players in the eyewear industry and created a new holding company, EssilorLuxottica. The merger enabled the new company to control more than a quarter of the global value sales of eyewear. The European Commission approved the merger in March 2018, resulting in a combined market capitalization of approximately $70 billion.


    Founded: 1961
    Headquarters: Milan, Italy
    Website: https://www.luxottica.com/en

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    Photo by F Ceragioli on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Lauriano_stabilimento_luxottica.jpg)
    Luxottica
  3. Top 3

    Leonardo

    Leonardo is an Italian multinational company that specializes in aerospace, defense, and security. It has a global presence with 180 sites located across the world. It is the eighth-largest defense contractor in the world based on revenues in 2018. The company's major shareholder is the Italian government, which holds 30.2% of the company's shares.


    The company was formerly known as Leonardo-Finmeccanica and originally as Finmeccanica. On 1 January 2016, it became a single industrial company by merging its subsidiaries, which included AgustaWestland, Alenia Aermacchi, DRS Technologies, Selex ES, Oto Melara, and WASS. The company is divided into five divisions, including Helicopters, Aircraft, Aerostructures, Electronics, and Cybersecurity. It also serves as the parent company and corporate center for its subsidiaries and joint ventures, such as Telespazio, Thales Alenia Space, MBDA, and ATR.


    Leonardo is listed on the Borsa Italiana and is a constituent of the FTSE MIB and Dow Jones Sustainability Indices. In April 2016, the company was temporarily known as Leonardo-Finmeccanica as part of a restructuring process carried out by CEO Mauro Moretti, who assumed the position in 2014.


    Leonardo is renowned for its cutting-edge technologies and state-of-the-art products, which include military and civil aircraft, helicopters, aerostructures, electronics, and cybersecurity systems. Leonardo's continuous innovation, global reach, and dedication to excellence have established its reputation as a leader in the aerospace, defense, and security sectors.


    Founded: 1948

    Headquarters: Rome, Italy

    Website: https://www.leonardo.com/en/home

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    Leonardo
  4. Top 4

    Prysmian Group

    Prysmian Group is a renowned Italian company that specializes in the production of electrical cables and optical fibers for use in the energy and telecom sectors. The company has its headquarters in Milan and is listed on the Milan Stock Exchange in the FTSE MIB index. Prysmian is a global leader in the production of cables for wind farms, and its products are used worldwide.


    The company has a strong presence in North America with 23 plants, 48 in Europe, 13 in LATAM, 7 in the Middle East, Africa, and Turkey (MEAT), and 13 in the Asia-Pacific (APAC) region. Its global reach is unmatched, and it continues to expand its operations to new territories.


    In 2017, Prysmian Group acquired 100% of the General Cable group in the US, further strengthening its position in the cable systems sector. The company produces and lays underground and submarine cables for the transmission and distribution of electricity, as well as specialized cables for various industrial contexts. Additionally, it provides medium- and low-voltage cables for construction and infrastructure.


    For telecoms, Prysmian Group produces copper cables, optical cables, and optical fiber cables for the transmission of data, video, and sound. The company has a strong commitment to innovation and research, and it continues to invest in new technologies to improve the performance of its products.


    Founded: 2011

    Headquarters: Milan, Italy

    Website: https://www.prysmiangroup.com/en

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    Prysmian Group
  5. Top 5

    The Bolton Group

    The Bolton Group prides itself on being a company that offers a wide range of innovative, sustainable, and high-quality consumer products. The group's portfolio includes some of the most popular and recognizable brands in the world, including Rio Mare, Saupiquet, and Bolton Adhesives, among others.


    As one of the largest manufacturing companies in Italy, the Bolton Group offers an impressive variety of seafood products, ranging from canned tuna to smoked salmon. In addition to food, the group also produces a wide range of home care, personal care, adhesives, and beauty care products.


    One of the keys to the Bolton Group's success is its commitment to sustainability. The company recognizes that sustainability is a long-term process and takes its responsibility to protect the planet seriously. This includes listening to the demands of the planet and taking steps to protect fragile ecosystems while also preserving natural resources.


    Despite being based in Milan, the Bolton Group has a global reach, with offices in more than 44 countries and a presence in the homes of 100 million families worldwide. The group's success can be attributed to its ability to offer high-quality products that meet the evolving needs of consumers while also staying true to its commitment to sustainability.


    Founded: 1949
    Headquarters: Milan, Italy
    Website: https://www.boltongroup.net/en/brands/

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    Bolton Group
  6. Top 6

    Fincantieri

    Fincantieri is a prominent Italian shipbuilding company with its headquarters in Trieste, Italy. Established in 1959 as a state financial holding company, part of IRI, it became an independent entity in 1984. The company designs and constructs various types of vessels such as merchant ships, passenger ships, offshore vessels, and naval ships. It is also involved in the conversion and repair of ships.


    Fincantieri's acquisition of Vard in 2013 made the company the fourth-largest shipbuilder in the world. The acquisition helped the company to expand its operations and double its size. As of 2021, Fincantieri employs approximately 10,000 workers at eight shipyards, two design centers, one research center, and two production sites for mechanical components. Additionally, around 10,000 people contribute to its supply chains.


    The company is listed on the Borsa Italiana and is a component of the FTSE Italia Mid Cap Index. Fincantieri has also restructured its organizational structure over the years to reflect its international strategies and respond to its client's needs promptly. As one of the largest manufacturing companies in Italy, it has numerous member companies in Italy and around the world. These companies operate within an integrated production model designed to ensure excellence at all times. With its extensive experience, innovative technologies, and global reach, Fincantieri continues to position itself as a major player in the shipbuilding industry.


    Founded: 1959

    Headquarters: Trieste, Italy

    Website: https://www.fincantieri.com/en/

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    FincantieriChannel
  7. Top 7

    Parmalat

    Parmalat is a global dairy and food corporation with a rich history spanning over six decades. Established in 1961 by Calisto Tanzi, the company initially focused on producing ultra-high-temperature processed long-life milk, which eventually helped it to become the world's leading company in this segment.


    However, Parmalat's success came to an abrupt halt in 2003 when it was discovered that the company had a massive €14bn hole in its accounts, leading to Europe's biggest bankruptcy. The incident led to several legal battles, including the arrest of Calisto Tanzi on charges of market manipulation, and the company's shares being delisted from the Borsa Italiana.


    Despite these challenges, Parmalat managed to survive and continue its operations, and in 2011, it became a subsidiary of the French group Lactalis. The company has a global presence, with operations in Europe, North America, South America, Australia, China, and South Africa. It has nearly 140 production centers worldwide, and its products include UHT milk, milk derivatives such as cheese, butter, ice cream, and various fruit juices sold under different brand names.


    As one of the largest manufacturing companies in Italy, Parmalat has around 16,000 employees globally, with 5,000 Italian dairy farms supplying it. Under the ownership of Lactalis, the company has restructured and expanded its product range to cater to changing market demands.


    Founded: 1961
    Headquarters: Collecchio, Italy
    Website: https://www.parmalat.com/en/

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    ExpressoPartners
  8. Top 8

    Pirelli

    Pirelli is one of the world's leading tire manufacturers with a long history in the industry. Founded in 1872, the company has evolved over time and has been listed on the Milan Stock Exchange since 1922. Today, Pirelli is renowned for its premium quality tires, particularly those designed for cars, motorcycles, and bicycles.


    With a presence in over 160 countries, Pirelli has a vast network of distributors and retailers. The company operates 19 manufacturing sites across 13 countries, which enables it to meet the demand for its products on a global scale. Pirelli's commitment to innovation and technological advancement has helped it to stay ahead of the competition. The company invests heavily in research and development, constantly seeking to improve the performance, safety, and durability of its tires.


    Pirelli's focus on pure consumer products and related services has proved successful, leading to its return to the Milan Stock Exchange in 2017. The decision to separate its business of industrial tires from consumer products as part of a strategic plan to streamline its operations and better focus on the needs of its customers.


    While Pirelli has diversified in the past, it is now solely a tire manufacturing company. However, its history of involvement in fashion and its work in renewable energy and sustainable mobility demonstrates the company's commitment to innovation and its willingness to explore new avenues.


    Founded: 1872

    Headquarters: Milan, Italy

    Website: https://www.pirelli.com/tires/en-us/car/homepage

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    Pirelli
  9. Top 9

    Ferrari

    Ferrari is a company with a rich history of producing some of the most iconic sports cars in the world. Founded in 1939 by Enzo Ferrari, the company was originally created as Auto Avio Costruzioni, a division of Alfa Romeo racing. However, Enzo's passion for racing and his vision to create the perfect sports car led him to establish Ferrari as a brand in its own right.


    Throughout its history, Ferrari has been synonymous with speed, luxury, and wealth. The company has been involved in racing since its inception and is particularly well-known for its success in Formula One. Ferrari is the oldest and most successful team in Formula One, having won 16 constructors' championships and produced 15 driver's championship wins.


    In addition to its racing success, Ferrari is also known for its road cars. Ferrari road cars are some of the most exclusive and sought-after sports cars in the world, with a reputation for exceptional design, craftsmanship, and performance. The company produces its cars at its state-of-the-art factory in Maranello, Italy, which spans over 165,000 square meters.


    Despite its success, Ferrari has remained committed to its mission of creating unique sports cars that represent the finest in Italian design and craftsmanship. With its impressive lineup of legendary GT models, Ferrari continues to be a symbol of excellence and sportiness, both on and off the track. As of 2021, Ferrari is the 10th-largest car manufacturer by market capitalization, with a valuation of over $52 billion.


    Founded: 1939
    Headquarters: Maranello, Emilia-Romagna, Italy
    Website: https://www.ferrari.com/en-EN

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    WIRED UK
  10. Top 10

    Versalis

    Versalis, formerly known as Polimeri Europa until April 5th, 2012, is a subsidiary of Eni, a prominent Italian oil supermajor. The company specializes in the production of chemicals and is the largest chemical company in Italy, as well as one of the largest in Europe, with over 5,000 employees and a production of approximately 9.5 million tons of chemical products in 2018.

    Versalis
    operates both nationally and internationally in the production of base chemicals, intermediates, plastics, rubbers, and chemistry from renewable sources. Additionally, they are committed to developing technologies for polymer recycling, which aligns with Eni's broader commitment to the energy transition. Versalis aims to be a fully sustainable and diversified chemical company that generates value for all stakeholders while contributing to achieving carbon neutrality.

    To accomplish this goal, Versalis relies on its extensive range of proprietary technologies and continuous research and development activity to interact with markets through a broad and constantly evolving portfolio of products for numerous application sectors. They have a vast distribution network and provide after-sales customer service, which has allowed them to expand globally.

    In 2021, Versalis acquired Finproject, a leading company in specialized polymer applications. This acquisition allowed Versalis to integrate Finproject's market positioning for high-value-added applications with their technological and industrial leadership. The integration of Finproject's expertise and technology allowed Versalis to create significant value in the market, driving the company towards a more sustainable and diversified future.


    Founded: 2012

    Headquarters: San Donato Milanese, Italy

    Website: https://www.versalis.eni.com/en-IT/home.html

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