The Mediterranean Sea runs through the middle of Italy. European Union and the OECD are two of its founding members. Over 60 million people call Italy home, making it the third-largest EU country by population. Industrialization in Italy accelerated after the country’s reunification in 1846. In the first half of the year, Italy’s GDP increased by 4.7%, putting the country on track for a strong start in 2021. Italy’s economy is the third-largest in the Eurozone thanks to a wide range of industrial manufacturing, agricultural, machinery, and fashion design industries. Italy is the world’s sixth-largest producer of manufactured goods. Italian government incentives have played a major role in the country’s recent manufacturing boom. As of 2019, there are more than 5,500 companies in the Italian automotive supply chain, with an estimated workforce of more than 274,000 people. In the last ten years, Italy has risen to the top of the global rankings for renewable energy production. In 2018, Italy generated 33.9 percent of its electricity from renewable sources. After Germany, the European Union’s energy sector is the second-largest and the ninth-largest in the world.
Insider Monkey looks towards the most valuable Italian companies. Recordati is an Italian pharmaceutical conglomerate that is publicly traded on the NYSE of Italy (BIT). The company, which has its headquarters in Milan, makes and sells prescription and over-the-counter medications. Russian and Turkish operations are among those taking place in the region as well as in the United States, Canada, and Europe. Prada S.p.A. is an Italian fashion house with an HKG code of 1913. Mario Prada founded the company in 1913, and it now has a presence in more than 70 countries. A total of $2.88 billion in revenue was reported for the year 2020 by the business. Terna Group is a transmission system operator based in Rome, Italy. As part of the Italian national transmission grid, the company plans, develops, operates, and maintains it. Renewable energy projects are also being developed and telecommunication services are being offered by the company. The Italian holding company Atlantia S.p.A. has its headquarters in Rome, Italy. Motorways, airports, and other transportation infrastructure are all part of the company’s wheelhouse. It manages and operates more than 14,000 kilometers (18,000 miles) of toll roads. Sixth-largest spirits producer in the world is Campari Group. Over 190 countries are served by its global distribution network, with Europe and the United States claiming the top two spots. Customers in the US account for more than two-thirds of the company’s total sales. Founded in 1952 in France, Remo Ruffini, an Italian tycoon, acquired Moncler S.p.A. in 2003. The company is a major player in the luxury fashion industry, with products sold in more than 150 countries. Austria, France, Germany, Turkey and the United States are some of the countries where it has a presence. For more details, click Top 15 Most Valuable Italian Companies.