Industry | Food |
---|---|
Founded | 1886 |
Headquarters | Fara San Martino, Abruzzo, Italy |
Products |
|
De Cecco is an Italian company producing dried pasta, flour and other related food products. It is the third-largest manufacturer of pasta in the world. [1]
The company was founded in 1886 by the De Cecco brothers in the small town of Fara San Martino in the Abruzzo region of central Italy. Nicola De Cecco originally produced flour at his stone mill before establishing the pasta factory. [2]
In 1908, the company adopted a country girl carrying two wheat sheaves as its trademark. After World War II, the factory was rebuilt after being destroyed by German bomb attacks. In 1950, De Cecco completed a new factory in Pescara to meet the increased demand that occurred after the war. In 1980, a new production facility was opened in Fara San Martino, doubling the company's production output. In 1986 the company began to diversify its offerings by establishing its olive oil brand. De Cecco offerings have since expanded to sauces, grains and tomato based products. [3]
As of 2013, De Cecco is the third-largest pasta producer in the world. [4]
In 2016, turnover reached 447.5 million euros, up by 5.7%, with EBITDA increased by 18% to 49 million and gross profit of 19% to 56 million. The 24 shareholders of the parent company span the third to the fifth De Cecco generations, divided into three family branches. At the April meeting, the go-ahead was given to the plan to float on the stock exchange. A plan that provided for the reorganization of the group with the entry of external managers, in particular a CEO, also in view of an expansion in the USA. As early as 2007, the opening on the stock exchange was considered, an operation then frozen by the economic crisis in 2008. [5] In March 2018, after closing 2017 with 436 million in revenues and an Ebitda of 50 million, the company approved the change of governance. In June 2018, leadership was entrusted for the first time to an external manager, Francesco Fattori (formerly Findus Italia) [6] who remained in office only until 3 May 2019, the date on which the owner removed him from office due to disputes on mandate obligations. [7]
After the Russian invasion of Ukraine in 2022, De Cecco continued its sales and operations in Russia. The company has reported that it generated over $35 million in revenue in Russia. [8] [9]
Pasta is a type of food typically made from an unleavened dough of wheat flour mixed with water or eggs, and formed into sheets or other shapes, then cooked by boiling or baking. Pasta was originally only made with durum, although the definition has been expanded to include alternatives for a gluten-free diet, such as rice flour, or legumes such as beans or lentils. Pasta is believed to have developed independently in Italy and is a staple food of Italian cuisine, with evidence of Etruscans making pasta as early as 400 BCE in Italy.
Abruzzo, historically known as Abruzzi, is a region of Southern Italy with an area of 10,763 square km and a population of 1.3 million. It is divided into four provinces: L'Aquila, Teramo, Pescara, and Chieti. Its western border lies 80 km (50 mi) east of Rome. Abruzzo borders the region of Marche to the north, Lazio to the west and north-west, Molise to the south and the Adriatic Sea to the east. Geographically, Abruzzo is divided into a mountainous area in the west, which includes the highest massifs of the Apennines, such as the Gran Sasso d'Italia and the Maiella, and a coastal area in the east with beaches on the Adriatic Sea.
Molise is a region of Southern Italy. Until 1963, it formed part of the region of Abruzzi e Molise together with Abruzzo. The split, which did not become effective until 1970, makes Molise the newest region in Italy. Covering 4,438 square kilometres (1,714 sq mi), it is the second smallest region in the country, after the Aosta Valley, and has a population of 313,348.
Vermicelli is a traditional type of pasta round in section similar to spaghetti. In English-speaking regions it is usually thinner than spaghetti, while in Italy it is thicker. It is typically made with semolina.
Parmalat S.p.A. is an Italian dairy and food corporation which is a subsidiary of French multinational company Lactalis. It was founded by Calisto Tanzi in 1961.
Fettuccine Alfredo is a pasta dish consisting of fettuccine tossed with butter and Parmesan cheese, which melt and emulsify to form a rich cheese sauce coating the pasta. Originating in Rome in the early 20th century, the recipe is now popular in the United States and other countries. Outside of Italy, cream is sometimes used to thicken the sauce, and ingredients such as chicken, shrimp, salmon or broccoli may also be added when it is served as a main course.
Italian cuisine is a Mediterranean cuisine consisting of the ingredients, recipes, and cooking techniques developed in Italy since Roman times and later spread around the world together with waves of Italian diaspora. Significant changes occurred with the colonization of the Americas and the introduction of potatoes, tomatoes, capsicums, maize, and sugar beet—the latter introduced in quantity in the 18th century. It is one of the best-known and most widely appreciated gastronomies worldwide.
Barilla is an Italian multinational food company founded in 1877. It is the world's largest pasta producer.
Predazzo is a village and comune in the province of Trento, northern Italy. Predazzo is located about 58 kilometres northeast of Trento in Val di Fiemme.
Exa Corporation was a developer and distributor of computer-aided engineering (CAE) software. Its main product was PowerFLOW, a lattice-boltzmann derived implementation of computational fluid dynamics (CFD), which can very accurately simulate internal and external flows in low-Mach regimes. PowerFLOW is used extensively in the international automotive and transportation industries.
Danieli Group is an Italian supplier of equipment and physical plants to the metal industry. The company is based in Buttrio, in the north-east of Italy. It is one of the world leaders in the production of steel plants, in particular in the long products segment, where it owned more than 60% market share in 2000.
Rizzani de Eccher S.p.A. is an Italian general contractor with headquarters in Pozzuolo del Friuli, in Northeastern Italy, active globally in the areas of engineering, infrastructure and buildings construction.
Cecco is a given name. Notable people with the name include:
The traditional cuisine of Abruzzo is eclectic, drawing on pastoral, mountain, and coastal cuisine. Staples of Abruzzo cuisine include bread, pasta, meat, fish, cheese, and wine. The isolation which has characterized the region for centuries has ensured the independence of its culinary tradition from those of nearby regions. Local cuisine was widely appreciated in a 2013 survey among foreign tourists.
Granarolo S.p.A. is a food company in Italy founded in 1957 and based in Bologna. It operates in the fresh milk and dairy-cheese sector, dry pasta, deli meats and vegetable foods.
Felice Di Cecco is an Italian footballer who plays as a midfielder. Di Cecco made his professional debut during 2015–16 Lega Pro Cup.
Events during the year 2017 in Italy.
The 1706 Abruzzo earthquake, also known as the Maiella earthquake, occurred on November 3 at 13:00 CEST. The earthquake with a possible epicenter in the Central Apennine Mountains (Maiella), Abruzzo had an estimated moment magnitude of 6.6–6.84 Mw . It was assigned a maximum Mercalli intensity of XI (Extreme), causing tremendous destruction in Valle Peligna. At least 2,400 people were killed.
Älplermagronen is a dish from the Alpine regions of Switzerland, consisting of pasta, potatoes, cream, cheese, and onions. The name is made up of "Älpler" as a designation for the Alpine herder and "Magronen", which was taken as a loan word from the Italian word maccheroni.