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Blutec Srl is a brand owned by Metec SpA, created in 2014 by acquiring the Italian automotive company
Stola The stola () (pl. ''stolae'') was the traditional garment of Ancient Rome, Roman women, corresponding to the toga that was worn by men. It was also called ''vestis longa'' in Latin literary sources, pointing to its length. History The ''stola'' ...
, which was founded in
Turin Turin ( , Piedmontese language, Piedmontese: ; it, Torino ) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital ...
in 1919. It is known for having taken over the former
FIAT Fiat Automobiles S.p.A. (, , ; originally FIAT, it, Fabbrica Italiana Automobili di Torino, lit=Italian Automobiles Factory of Turin) is an Italian automobile manufacturer, formerly part of Fiat Chrysler Automobiles, and since 2021 a subsidiary ...
factory in
Termini Imerese Termini Imerese (; scn, Tèrmini ) , grc, Θερμαὶ αἱ Ἱμερᾶαι , grc, Θερμαὶ Ἱμέραι , or grc, Θερμὰ (Ἱμεραῖα) ; la, Thermae Himerenses; literally "Himera's hot springs". is a town of the Metropo ...
.


Activities

Blutec inherited Stola Group activities, namely the production of car components. The production and design is carried out by 10 factories and 6 engineering offices deployed between
Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...
and
Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
. In 2016, the company was helped by Invitalia and its 94 million euros to re-employ 120 ex-employees of
Fiat Chrysler Automobiles Fiat Chrysler Automobiles N.V. (FCA) was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems. The Italian holding company Exor was the largest ...
in
Termini Imerese Termini Imerese (; scn, Tèrmini ) , grc, Θερμαὶ αἱ Ἱμερᾶαι , grc, Θερμαὶ Ἱμέραι , or grc, Θερμὰ (Ἱμεραῖα) ; la, Thermae Himerenses; literally "Himera's hot springs". is a town of the Metropo ...
, a suburb of
Palermo Palermo ( , ; scn, Palermu , locally also or ) is a city in southern Italy, the capital (political), capital of both the autonomous area, autonomous region of Sicily and the Metropolitan City of Palermo, the city's surrounding metropolitan ...
. In September 2019, the owner of Metec SpA (Roberto Ginatta) and the CEO of Blutec, Cosimo Di Cursi, were investigated by prosecutors in
Turin Turin ( , Piedmontese language, Piedmontese: ; it, Torino ) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital ...
and Palermo for misappropriating 16 million euros from the Invitalia funds. In June 2020, the 76 year old Roberto Ginatta was incarcerated, while Matteo Orlando Ginatta and Giovanna Desiderato were placed under house arrest, in the matter of the fraudulent sequestration of a big chunk of the Blutec-Invitalia funds. On 20 December 2020, Metec SpA was declared bankrupt, while the Ginatta family had bought themselves a mansion in the woods of
La Mandria La Mandria Regional Park is a park in the comuni of Venaria Reale and Druento, near Turin, northern Italy. Founded in 1978 by the regional council of Piedmont, it occupies a wide area between the Stura di Lanzo torrent and the north-western par ...
regional park near Turin. The mansion has a floor area of 1,700 square meters (over 18,000 square feet) and 46 rooms and is equipped with various garages and a swimming pool; the surrounding wood (also subjected to seizure) extends for almost 5 hectares.


See also

*
Stola The stola () (pl. ''stolae'') was the traditional garment of Ancient Rome, Roman women, corresponding to the toga that was worn by men. It was also called ''vestis longa'' in Latin literary sources, pointing to its length. History The ''stola'' ...
*
List of Italian companies Italy is a unitary parliamentary republic in Europe with the third largest nominal GDP in the Eurozone and the eighth largest in the world. As an advanced economy the country also has the sixth worldwide national wealth and it is ranked third fo ...
*
Contract manufacturing A contract manufacturer (CM) is a manufacturer that contracts with a firm for components or products (in which case it is a turnkey supplier). It is a form of outsourcing. A contract manufacturer performing packaging operations is called copacker o ...


References

{{reflist


External links


www.blutecsrl.it
- Blutec official website (in Italian) Italian brands Manufacturing companies of Italy Manufacturing companies established in 2014 Contract vehicle manufacturers Italian companies established in 2014