Toscotec identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Europe’ report.
Toscotec recognised in second edition of London Stock Exchange Group’s 1000 Companies to Inspire Europe report
Report demonstrates critical importance of high-growth private small and medium sized companies (SMEs) to future European economic growth, innovation and job creation
As one of the most advanced industries in the manufacturing and engineering sector, Toscotec talks about its history, its mission and the new challenges of its competitive market.
Toscotec has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Europe. The report is a celebration of high-growth and most dynamic small and medium sized businesses across Europe.
To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming their country peers. More detail on the methodology can be found in the report online at www.1000companies.com.
Since 1948 Toscotec specializes in the design and manufacturing of machines, systems and components for the Tissue and Paper & Board industries. Headquartered in Lucca, at the centre of the Italian paper district, we are a leading player on the international markets, with a strong focus on customer partnership and project customization. Building on more than 60 years of experience, we offer state-of-the-art technology and customized solutions, such as turnkey projects, complete production lines and plant retrofits, to leading paper producers around the world. Every day we work hard to gain and maintain the trust of our customers. Our R&D team strives to tackle the most challenging problems of paper mills and develop their needs into newly improved technology. Our Technical Department works out the best possible applications for their specific production conditions, with focus on energy efficiency. Our Service team works to satisfy their demands, offering remote and on-site assistance for all maintenance needs and for the good operation of their plants. Overall, we provide our customers with high standards of efficiency and a real competitive edge in the marketplace. Expertise, production excellence, respect for people and ongoing research on the best solutions, in order to anticipate needs and achieve customer satisfaction: these are our key values. Maximum production efficiency, reduced consumptions and operating costs, finished products of the highest quality and respect for the environment: these are our results. And our new point of departure.
Alessandro Mennucci, Toscotec’s CEO stated: “know-how, production excellence, respect for people, and ongoing research into the best solutions to achieve customer satisfaction by anticipating needs.”
Toscotec’s Group CFO Davide Raviola said: “Europe is not a place for low-cost production. Its quality and innovative solutions are widely recognised, particularly in our sector.”
Xavier Rolet, Chief Executive, London Stock Exchange Group said: “If Europe is to have a sustainable economic future, it must back its engines of economic growth and only real source of potential job-creation: its 23million SMEs. It is critical that we continue improving access and cutting the cost of finance for fast growing companies, giving them access to long-term patient equity capital to fund their enormous potential. This is an ambition we share with the EU Commission and applaud its initiative to develop deeper and more connected capital markets across the continent through the Capital Markets Union project.
“LSEG has long been committed to supporting high growth companies. Together our 1000 Companies to Inspire Europe reports, international growth market, AIM, and business support and capital raising programme, ELITE, shine a light on the fastest growing companies across the continent and their critical importance to innovation, job creation and Europe’s future economic resilience.”
Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union:
"Europe needs more fast-growing and innovative companies as they are the backbone of our future economic development and job creation. This is why improving the ability of dynamic SMEs to access finance is one of my priorities. We need to make sure that our rules are proportionate and fit for purpose. We should remove barriers to cross-border provision of financing and ensure that SMEs can tap capital markets across Europe."
A full searchable database of all of the companies along with a downloadable pdf of the publication can be found online at www.1000companies.com