company . for the musician see mapei musician . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . september 2016 learn how and when to remove this template message mapei native name mapei s.p.a type societ per azioni founded 1937 founder rodolfo squinzi headquarters 22 via cafiero milan italy key people giorgio squinzi chairman revenue 2.227 billion 2015 operating income 132.971 million 2015 profit 45.565 million 2015 total assets 1.634 billion 2015 total equity 727.706 million 2015 owner emme esse vi s.r.l. 93.95 % treasury shares 6.05 % parent emme esse vi s.r.l. subsidiaries u.s. sassuolo calcio 100 % mapei stadium s.r.l. 100 % website mapei.com footnotes references in a consolidated basis 1 mapei is an italian company founded in 1937 by rodolfo squinzi in milan italy . it evolved from a small wall paint producer into a worldwide producer of adhesives thinsets and sealants for buildings building materials . mapei stands for materiali ausiliari per l edilizia e l industria in the 1930s rodolfo squinzi founded mapei as a small family business in milan italy with the intent to fill a void in the local construction industry by manufacturing interior and exterior paints and masonry repair products for commercial buildings hospitals and airports . mapei commenced business on february 12 1937 with a three person workforce . under squinzi s guidance mapei expanded its manufacturing to adhesives for laying floors and floor coverings . the company s first adhesives were for linoleum later followed by ceramic tile stone carpet pvc and wood . as the flooring industry grew especially the italian ceramic tile market mapei recognized a need for setting materials that would make tile installation faster and more secure and developed products accordingly . rodolfo s son ing . giorgio squinzi an industrial chemistry graduate now heads mapei which has become a leading manufacturer of mortars adhesives grouts sealants waterproofing agents additives for concrete and other specialty products for the building industry . mapei remains a family owned and operated business and is a privately held entity generating annual revenues of more than one billion eu contents 1 subsidiaries 1.1 mapei singapore 1.2 mapei uk ltd 1.3 mapei vietnam 2 specialty products 3 sports sponsorships 4 see also 5 references 6 external links subsidiaries edit in the 1970s mapei began expanding across europe and in 1978 into canada where mapei inc. housed the first manufacturing plant outside of italy . in 1983 nicholas di tempora a businessperson from canada partnered with dr. squinzi to create mapei corporation in the united states . in the following years di tempora increased mapei corporation s locations throughout the united states . operations in the western hemisphere are united under the banner of mapei americas consisting of affiliates and subsidiaries in canada the united states the caribbean and south america . in 2000 headquarters were moved to deerfield beach florida to centralize management of the various operations . today di tempora has retired from his position and luigi di geso serves as president and ceo of mapei americas . di geso was formerly the general manager of mapei inc. the canadian subsidiary of mapei group . mapei reinvests 5 % of its annual sales revenue into research and development of new products . the company s worldwide laboratories work on more than 150 new projects each year . mapei singapore edit mapei far east pte ltd was constituted in singapore in 1989 as the regional headquarters for the development of mapei business in the region . it started off as a commercial subsidiary with a modest area of 500m consisting of the warehouse and office . in 1995 the factory was established in one of singapore s pioneer industrial zones in tuas jurong in the western part of singapore . total area is 10 000m . entering the third millennium in 2000 mapei after having established its reputation in singapore as the world s leading producer of adhesives embarked on strategies for introducing their technologies as a leading player for a wide range of chemical products for construction . mapei far east commenced on the development of the building line and admixtures . subsequently in 2003 the underground technology team u.t.t. regional base was set up in singapore . utt offers a full range of technical service and products to the shotcrete and tbm tunnel industry . this was followed in 2006 by the setting up of the cement additives division regional base to service the cement factories in this region . mapei uk ltd edit established in 1989 mapei uk ltd moved to the west midlands in 1999 and in 2004 moved to a new manufacturing facility in halesowen near birmingham in the west midlands . mapei vietnam edit mapei vietnam commenced production in 2006 in the chu lai open economic zone quang nam province . specialty products edit one technological improvement recently undertaken by mapei is its fast track ready technology . identifying a need for completing speedy installations without compromising quality mapei has developed products for the market that reduce the required steps of an installation and or perform more quickly than current technology . more than 1 150 employees at 15 locations in canada the united states the caribbean and south america develop produce sell and support mapei products in the western hemisphere . sports sponsorships edit giorgio squinzi the ceo of mapei group which oversees worldwide operations is a fan of road bicycle racing and under his leadership the company sponsored the highly successful mapei cycling team in the 1990s which included stars such as tony rominger abraham olano johan museeuw frank vandenbroucke andrea tafi michele bartoli and paolo bettini . the company also sponsored a development team which nurtured the younger generation of riders such as 3 time world time trial champion michael rogers fabian cancellara filippo pozzato and many others . to increase the sport support the company founded the mapei sport center a training center for endurance sports . mapei also is a primary sponsor of nascar driver owner robby gordon for several races for the 2007 nascar schedule . during the 2008 sprint cup season mapei sponsored the 7 of robby gordon at kansas motor speedway . in 2009 mapei will be the sponsor of the 7 toyota driven by robby gordon in phoenix daytona kansas and texas and also provided sponsorship on his 7 dodge in the 2012 daytona 500 . mapei also owned and sponsored italian football team u.s. sassuolo calcio currently as of 2016 17 season playing in italy s serie a. 2 mapei appointed carlo rossi as the chairman of the football club as in 2016 17 season . mapei was a major sponsor of the 2015 uci road world championships in richmond virginia . 3 see also edit italy portal companies portal list of italian companies references edit 2015 bilancio 2015 annual report pdf . mapei . 3 august 2016 . retrieved 27 september 2016 . http www.espnfc.com club sassuolo 3997 blog post 2281535 sassuolo have become the envy of italian football in just 12 months https richmond2015.com founding partners external links edit official site mapei sport center website retrieved from https en.wikipedia.org w index.php title mapei & oldid 741447766 categories building materials companies of italycompanies established in 19371937 establishments in italychemical companies of italycement companies of italyitalian brandsmanufacturing companies based in milanmultinational companies headquartered in italyhidden categories articles needing additional references from september 2016all articles needing additional referencesarticles containing italian language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search 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