The story
From a local foundry… (1897-1957)
In 1897, the Piedmontese entrepreneur Francesco Poccardi set up a local foundry in Pinerolo, next to the railway connecting Pinerolo and Turin. A few years later, the company expanded its activity by creating a new factory for producing and refurbishing railway vehicles under the name of Officine Meccaniche di Pinerolo.
In 1938, the local foundry and the new factory were consolidated into a new company: the Officine Meccaniche Poccardi Pinerolo. The new company started to supply the paper machinery field.
To Beloit Italia (1957-2000)
The American paper machines producer, Beloit Corporation bought up the company in September 1957. The company was renamed Beloit Italia and started to supply machines and equipment to the worldwide pulp and paper industry.
From 1957 to 2000, 85% of the production was exported to paper mills all over the world.
After 43 years of cooperation, Beloit Italia was bought up when Beloit Corporation collapsed into bankruptcy.
PMT Italia (2000-.....)
All the shares of Beloit Italia were sold to the Nugo Group and the company was renamed PMT Italia S.p.A. The company, still producing paper machinery, has extended its activities to engineering of auxiliary equipment for paper machines in its historic facilities. The company has around 250 employees in its Pinerolo site.
From Wikipedia’s article on PMT Italia, shared under CC BY-SA 4.0.3