User:James Lupori/sandbox

Umbra Cuscinetti S.p.A.
Umbra Cuscinetti S.p.A. is an Italian aeronautical and industrial manufacturer headquartered in Foligno, Italy. It is the parent company of UmbraGroup which is composed of four companies: Umbra Cuscinetti, Kuhn Präzisionsspindeln und Gewindetechnik GmbH in Freiberg am Neckar, Germany, Umbra Cuscinetti Inc. in Everett, WA, USA and Präzisionskugeln Eltmann GmbH, Eltman, Germany. As of 2014, Umbra Cuscinetti S.p.A. consists of over 700 employees worldwide and is the world leader in the production of recirculating ball screws in the aeronautics sector. Umbra ball screws are used in primary flight controls, high lift systems, thrust reserve, wheel and propeller brakes and auxiliary systems. In the industrial sector, Umbra ball screws are employed in a wide range of machine tool construction applications.

Corporate Governance
Umbra Cuscinetti is headquartered in Foligno, Italy. The headquarters facility (opened in 2003) is comprised of a 270,000 square foot production facility and 50,000 square foot administrative office area. UmbraGroup’s German Kuhn facility in Freiberg Am Neckar manufactures industrial ballscrews, Eltman produces industrial balls. The American subsidiary, Umbra Cuscinetti Inc., is a key ballscrew supplier to the Boeing Company in Everett, WA which opened a new factory in 2013. Presidents of Umbra Cuscinetti S.p.A. Valter Baldaccini (1993 – 2014) Antonio Baldaccini (2014 – present) Umbra Cuscinetti is a privately held company

History
In 1972, FAG Kugelfischer, Schweinfurt (Germany) and GEPI (Italy) founded Umbra Cuscinetti S.p.A. to produce high-precision bearings. In 1978, the company began producing ballscrews for the aviation industry. In 1983, FAG becomes unique shareholder. Then, in 1993 Valter Baldaccini together with Reno Ortolani and other investors organized a management buyout and acquired 100% of Umbra Cuscinetti shares. For Umbra Cuscinetti S.p.A. this was the beginning of the road to success: major investments followed with the acquisition of the German company Kuhn and current American company, Umbra Cuscinetti, Inc.

==Notes==