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Home > Company Index > Conglomerates > Conglomerates > CIR S.p.A.

CIR S.p.A.
 NEWS FROM THE WIRES
Circor says Q2 profits rise
Jul 31 2001 03:01 PM PDT

More WIRE STORIES about this company

 PROFILE
CIR (Compagnie Industriali Riunite) has a full plate. It holds a 49.7% stake in media giant Espresso Group, which owns newspapers, magazines, radio stations, and ISP Kataweb. Other CIR businesses include auto components maker Sogefi and food equipment manufacturer Sasib Food & Beverage Machinery. CIR also has holdings in tobacco equipment (Sasib Tobacco), specialty foods (including Maraviglia tea and Novartis Nutrition sweeteners), and real estate (Lasa). The group is expanding its telecommunications, Internet, and energy operations and has set up business incubator cirlab! to fund Internet start-ups. CIR is controlled by founder Carlo De Benedetti through COFIDE, his family's financial holding company.

 COMPETITION
Holding di Partecipazioni Industriali S.p.A. (HPI)
Arnoldo Mondadori Editore S.p.A. (MN)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,359.30
1-Yr. Sales Growth: 9.4%
Employees: 12,081
Revenue per employee: $195,290.12

 KEY PEOPLE
• Rodolfo De Benedetti
    CEO
• Giuliano Cecchini
    CFO

 CONTACT INFO
Via Ciovassino, 1
20121 Milan, Italy
Phone: 39-02-722-701
Fax: 39-02-722-70-309
Online: Web Site

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