SYTCO AG's promoters, through Sytco Group companies can boast of 50 years' experience in the steel industry. At the beginning of its activity Sytco acted as a manufacturer and supplier of engineering and high technology for heat treatment line, galvanized strips, tin plate, light annealing, blast furnace and cowper insulation. Thus Sytco realized, and still nowadays realizes, very important contracts both in Italy (Magona, CMI Naples, Ilva etc.) and in other countries.

On a second step Sytco became also a manufacturer and supplier of lines and machinery and began the production of tubes and service centers.

Afterwards Sytco activity turned to the manufacture and supply of technology, engineering and equipment, becoming a trader of high quality steels, and then of common steel, semi-products, pig iron, scrap and raw materials.

In the latest years Sytco has been concentrating its activity on the production and supply of engineering and high technology.

In 1968 Sytco established its relationship with the 15 republics and some autonome districts of the Soviet Union, to whom Sytco turned its activity. Thanks to a series of happy coincidences, activity in the Soviet Union developed rapidly, so that within 10 years it represented 90% of Sytco's turnover in both steel sales and purchases and equipment sales and purchases; the most significant items of equipment were gupt turbines for energy recovery, finishing equipment for petroleum pipelines and strip treatments for electrical household appliances, oxygen and hydrogen production and so on. This activity continued to grow until 1990, reaching a peak turnover in 1990 with contracts worth around 1 billion dollars, including 550 million in steel.

Then perestroika began, with the conversion problems arising from all major transformations.

Sytco worked on supplying equipment for production of consumer goods- imposed by the Ministry of ferrous Metallurgy against payment in metal, as Sytco was one of the biggest partners of the Ministry at that time - building 26 complete plants and almost one hundred production lines in subsequent years.

The most important contracts signed were for the STINOL refrigerator plant, worth $US 247,500,000, and the Starij Oskol plant, worth $US for 227,000,000.

At the same time, the company began a frenetic search for new partners, first in the Soviet Union and then in the former USSR countries, as the centralized system had ceased to exist.

Sytco signed contacts and established direct business relationships with former USSR plants such as Lipezk, Magnitogorsk, Cherepovez, Viksa, Krivoj Rog, Makeevka, Enakievo, Karaganda, etc.