Franco Tosi Meccanica S.p.A.

Since the beginning of the industrial age the name Franco Tosi has been a synonym for technology and development. A most prominent name in the Italian mechanical industry, it is tightly connected with Legnano - the town where it came up - one of the major production centres in northern Italy. After a period of significant work abroad, particularly in Germany, in 1876 the young engineer Franco Tosi was called to Legnano to manage "Cantoni Krumm & C.", a steam engine and boiler manufacturer, which thanks to Tosi's work remarkably expanded its operations. Franco Tosi, an industrial pioneer, devoted himself to study and build reciprocating steam engines that in a few years gained a reputation both in Italy and internationally. The first "Tosi engine", with a power of 3HP, dates back to 1877 and in 1881 the first 40 to 50 HP Ryder steam engine was produced. Tosi's entrepreneurial vision and undisputed design skills found their accomplishment with the advent of the first power plants. His steam engine definitely conquered both the domestic and the international markets. In a few years Franco Tosi became a shareholder and then, in 1884, the sole owner of a pioneer company in the energy sector that has borne his name since 1881. A name that still today is renowned all over the world. Besides having excellent technical skills and being an eminent industrialist, Franco Tosi was also a model citizen who carried out outstanding philanthropic work through his healt insurance, social security and professional training initiatives. An entrepreneurial style whose signs are still visible and present today in Legnano. The industrial development of the Company "Franco Tosi" followed the ups and downs of the European history in the early twentieth century, through two world wars, the post-war recovery and the 1960s economic boom including a strong internationalisation of the Company's markets

Among the milestones of "Franco Tosi" are:
· 1904 the first steam turbines rated up to 6,000 kw were manufactured in Legnano
· 1907 Franco Tosi became the first Italian diesel engine manufacturer.
· 1920s the submarines built by Franco Tosi became famous all over the world for the world submersion record at a depth of 75 meters
· 1950s Franco Tosi started technology collaborations with Westinghouse Electric Corporation and Combustion Engineering Company for the commercialisation world wide of, respectively, large steam turbines and boilers.
· 1970s total headcounts reached 6000 employees

In the 1990s , in the frame of the global restructuring of the energy sector, Franco Tosi was acquired by and merged into Ansaldo Energia (Finmeccanica Group). Franco Tosi became the Legnano facilities of Ansaldo and continued developing the business of its own product range as a division of Ansaldo. Included in such product portfolio were, among others, steam turbines, heat exchange apparatuses and balance of plant complementary machinery and systems. In the summer 2000 the Casti Group, owned by Gianfranco Castiglioni, acquired from Finmeccanica the whole of the Legnano facilities and the steam and hydro turbine business. A new company was established with the name of Franco Tosi Meccanica spa which inheritates and continues the tradition and experience of Franco Tosi.

Effective as of June 5, 2008 Gammon India Limited controls 75,10% of its capital stock.

Casti S.p.A. retains the remaining 24,90%.

Gammon India Limited, quoted on Bombay Stock Exchange, is one of the leading engineering and construction companies in India with over seventy years of tradition in the field of construction of bridges, ports, harbours, thermal and nuclear power stations, dams, high-rise structures, chemical and fertilizer complexes environmental structures, cross country water, oil and gas pipelines.

To date the Legnano works have manufactured machinery and equipment accounting for more than 75,000 MW of aggregated installed power all over the world.

Today Franco Tosi Meccanica continues to be synonym for world-class industrial commitment in Italy and abroad, and is a one of the most prominent international realities of the italian industry.