Paolo Rocca Net Worth is
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Paolo Rocca (born October 14, 1952) is an Italian-Argentine businessman.
Paolo Rocca was born in Milan. His father, Roberto Rocca, was a mechanical engineer and the son of Agostino Rocca, a member of the Istituto per la Ricostruzione Industriale (IRI, the centerpiece of the Mussolini regime's corporate state) from 1933 to 1941, and the founder of Techint, in 1945. The Roccas had left Italy in 1946, and settled in Buenos Aires. They retained close ties to the old country, however, and returned often to close business deals (including the acquisition of the senior Rocca's erstwhile employer, steelmaker Dalmine, in 1954).
Paolo Rocca enrolled at the University of Milan, earning a degree in Political Science. He later enrolled at the Harvard Business School, earning a postgraduate degree. Following the founder's death in 1978, the presidency of Techint was transferred to Roberto Rocca, Paolo's father, and in 1985, the younger Rocca joined Techint as his father's assistant, reaching the rank of executive vice president in 1990. Techint participated in the privatization drive adopted by President Carlos Menem in the early 1990s, purchasing a majority stake in Argentina's then-leading steel manufacturer, the state-owned Somisa, in 1992.
Rocca converted Somisa into Siderar, and integrated led Techint into the development of an integrated Techint's cold rolled steel operations (for which Somisa had long been a supplier) into Siderca. Between 1992 and 1996 Siderar raised its share of domestic consumption of flat steel (used in major aplliances and the auto industry, among others) from about 56 percent to about 79 percent. The group's acquisition of Tubos de Acero de Mexico (Tamsa, a steel tube maker) in 1993 resulted in the appointment of Paolo Rocca as the unit's director.
Gianfelice Rocca is Paolo's younger brother. Agostino Rocca, Paolo's elder brother, became president of Techint in 1993, and of Siderca in 1996. He lost his life, however, in an April 28, 2001,

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Paolo Rocca Latest News

No Credit? No Problem! Pipe Maker Offers Oil Companies Financing

(Bloomberg) -- Billionaire Paolo Rocca has a new way of keeping his cash-starved oil company clients drilling: putting up funding as bank credit tightens. Rocca’s Tenaris SA, the biggest manufacturer of seamless steel tubes for the oil industry ...
Posted: November 5, 2015, 3:20 pm

Gov. Abbott to Tenaris: “Thank you for investing in Bay City”

“TenarisBayCity shows our commitment to domestic manufacturing, competitively supplying the U.S. oil and gas industry,” said Paolo Rocca, Tenaris Chairman and CEO. “This mill, which incorporates the most advanced technologies available ...
Posted: December 13, 2017, 5:59 am

TECHINT: Company To Develop US$ 1 Billion Steel Mill In Mexico

Paolo Rocca, Techint’s chairman, said that the development should take the steel company Ternium into operations in the second half of 2020. The plant’s annual output capacity is estimated at 3.7 million metric tons. According to the company ...
Posted: December 12, 2017, 11:59 am
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