GRUPPO FALCIONE

Gruppo Falcione, founded by L. Falcione in 1955, is a leading player in the construction and energy industries. 2008 group revenues are about € 150 million, expected to grow to € 250 million  in 2009, of this the construction business accounts for about € 30 million. The energy business dates to the beginning of the Nineties and is now run by dedicated companies under the holding Energia Falcione.

The companies controlled by the holding are:

- Phlogas (gas sale and trading with more than 1 bcm of gas sales in 2008);
- Compagnia Italiana del Gas (gas import);
- Molise Gestioni (gas distribution and 300 km of network management);
- Trans European Energy (LNG terminal in Albania);
- Molise Energia (renewable power generation);

It is worth note that Compagnia Italiana del Gas has been the first private company to sign a long term gas import agreement with Sonatrach via pipeline from Algeria to Italy.
The agreement, signed in 2003, is for the delivery of 500 mil cm/yr of gas from October 2008 until 2019 with a possibility to extend until 2026.

Gruppo Falcione is also active in the public and private construction business trough Costruzioni Falcione S.r.l. and in the production of cement trough Conglomerati Falcione.

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