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Fives is a French industrial engineering group (founded 1812, historically rooted in Lille, now headquartered in Paris) that designs and builds machines, process equipment and production lines for steel, aerospace, aluminium, automotive, cement, energy, glass and sugar manufacturers.
GLEIF (LEI 9695002ITMPZPLR68Y19) names NOVA ORSAY / NOVA ALEXANDRE III as parents; both appear to be group-internal holding entities. Fives press release of 7 Mar 2024 and law-firm deal notes report a EUR150m share capital increase subscribed by management, CDPQ, PSP Investments, Ardian and new investor Bpifrance; no percentage stakes are disclosed and no single controlling owner is publicly identified. Earlier claim of a Bpifrance Supervisory Committee seat could not be re-confirmed (governance page now 404) and is dropped.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Fives press release (27 Aug 2026): Xinyu inaugurated a new electrical-steel production facility using Fives-supplied thermal equipment (ACL N4 annealing/coating line) and cold-rolling technology (five DMS 20Hi EcoMills delivered over eight years). No contract value or share of Fives revenue disclosed.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 2 are its binding chokepoints.
As a buyer, policy pressure across its consumed materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.