Franco Tosi Meccanica SpA

1881

Franco Tosi is founded as a fully privately owned company and manufacturer of steam engines and boilers for application in the textile industry and soon after in power generation.

1904

Franco Tosi manufactures its first steam turbine (6000 Kw) utilizing its own technology. Production of steam turbines grows rapidly in volume and size to meet the needs of the industrial and power generation markets.

1949

Franco Tosi enters a technology agreement with Westinghouse Electric of the USA and develops over the years the middle size and large utility steam turbines (150 MW frames, 320 MW frames, 660 MW frames) that still are the backbone of the Italian electric system.

The presence of Franco Tosi as a highly reputed steam turbine manufacture grows worldwide across the board of utility and industrial applications customers. Such technology relationship continues until 1989.

1990

Franco Tosi, still a fully privately owned Company, shows reference for a worldwide aggregate installed power of about 75.000 MW.

Steam turbines account for approximately 50.000 MW in more than 40 different Countries. Up to this point in history, Franco Tosi has successfully delivered to the market more than a 1,000 steam turbines.

1991

Franco Tosi ownership is taken over by Finmeccanica (an holding Company controlled by the Italian Government) and is merged with Ansaldo Componenti. The new company takes the name of Ansaldo Energia. The Legnano facilities, former Franco Tosi shops and personnel, keep operating as a division of Ansaldo.

During this period the Legnano facility has the unique opportunity to continue cultivating its own technology, as well as to familiarize with the technologies available in the group: GE and ABB.

2000

In the frame of the privatizing of Ansaldo Energia, the Legnano facilities including all the shops and former Franco Tosi personnel, products (with the only exception of boilers) and experience are spun-off from Ansaldo Energia to Casti Group, an Italian private group. The new company takes the name of Franco Tosi Meccanica S.p.A and renovates technology agreements with Westinghouse. The company signs a new license agreement for Steam Turbines of American Technology. The agreement allows FTM full title to its own past experience and access to developments implemented by Siemens Westinghouse since the expiring of previous license agreement.

2008

Effective as of June 5th, 2008 Gammon India Limited controls 75,10% of Franco Tosi Meccanica's capital stock, while Casti S.p.A. retains the remaining 24,90%. Gammon India Limited, quoted on the Bombay Stock Exchange, is one of the leading engineering and construction companies in India with over seventy years of tradition in the 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 be leaders in innovation engineering, with uncompromising integrity, timely delivery, pride and ownership and highest standards of quality to reinforce the positioning of the organisation as a Leader in the Global Power Generation Industry'

“To design, build and service Global Power Generation needs to promote customer satisfaction, stackeholders’ enhanced living and a continuous technological advancement”