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Immergas's domestic boilers business grow along the Silk Road

May 21, 2019


Abstract : The Talos 24 Kw is the first monothermal boiler produced by Immergas in the new plant just completed at the Changzhou National High-Tech District, in the Jiangsu Province.

MILAN, May 20 (Class Editori) – The Talos 24 Kw is the first monothermal boiler produced by Immergas in the new plant just completed at the Changzhou National High-Tech District, in the Jiangsu Province.

The inaugural ribbon cutting of the new production plant is scheduled by the end of 2019. Immergas chairman Alfedo Amadei and the general manager China Bruno Rinaldi confirmed it at the start of the first production line for the realization of the new boilers for the Chinese market.

With investments and production facilities in Italy, Slovakia, Iran and China, which produce gas-fired, electri-proof or photovoltaic domestic boilers, Immergas is a typical family-owned medium-sized company that has firmly focused its target on some important retail markets along the Silk Road and that this year, with a turnover close to 300 million euros, will reach 70% of the export quota.

"We complied with in full the scheduled time for expansion in China and we confirm all the development plans launched by investing in our headquarters in Lentigione di Brescello and in the Immergas Europe production plant in Slovakia," specified Alfredo Amadei, Immergas chairman, "The global dimension of Immergas, which remains a multinational controlled by Italy, will allow the entire Immerfin group to consolidate and increase the positions it has achieved in 50 markets around the world, investing in increasingly innovative products and systems focused on domestic comfort and savings energy and environmental sustainability".

While in Italy the company controlled by the Amadei and Carra families is investing in the production lines upgrading and in the launch of the new Laboratorium Research Center, in China the goal is to produce a line dedicated exclusively to the local market, therefore with a construction approach and adequate quality.

"Products, combined with pre and after-sales services and with great attention to the loyalty of our partners. Immergas always puts the customer at the center and this strategy brings us all over the world," explained Amadei.

Immergas has been selling domestic boilers in China for twenty years. "We have built solid relationships with structured presence in Beijing and Shanghai, we have important customers who bring our products throughout China. Turnover is growing and the demand for advanced HVAC solutions, such as those manufactured by Immergas, is increasing. It is for these reasons and to value our investment in China that we have positively evaluated the feasibility of a new production unit destined to serve the local market," he added.

The completion of the first phase, in an area of 5,300 square meters, required investments of approximately 3 million dollars, financed by Immergas. The new production plant in China will initially employ 25 people, increasing to 100 once the plant reaches its maximum capacity of 100,000 boilers per year.

The Immergas Beijing trading company has been active since 2005. The Chinese branch, with Beijing and Shanghai, employs 35 people. The production plant is located in the heart of China – at the Yangze River Delta area in the Jiangsu region – very close to Shanghai, Nanjing and Hangzhou. There are two of China's first class open ports, the port of Changzhou and the international Changzhou Benniu airport, as well as the Changzhou railway station, a key stop along the high speed Beijing-Shanghai railway line.  In addition two motorways, three provincial fast highways and three rivers cross the region.

In 2018, Immergas manufactured around 350,000 boilers at the Brescello (Reggio Emilia) headquarters, at the Immergas Europe plant in Poprad in Slovakia and at the Quazvin start-up in Iran. In the same year, the group had a turnover of 280 million euros with a growth that on a three-year basis exceeds 16%, maintaining profitability at levels that allow the group to make important investments both in Italy and abroad.

At the top of the group, chaired by Romano Amadei, is Immerfin, the family's financial company, which controls Immergas, Immergas Europe in Slovakia, Immergas Pars in Iran and 11 branches worldwide. The export share, which in 2016 was 66%, rose to 68% in 2018. At the Poprad plant in Slovakia the production lines will be strengthened and the startup in Iran started to manufacture more as well.

(Source:Class Editori)

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