MILAN, Jul 8 (Class Editori) -- Valvitalia is relaunching in China with a €10 million investment. The Italian multinational, 75% controlled by Cdp and 25% by the family of founder and president Salvatore Ruggeri through the holding Finvalv, specializes in the design, production, and distribution of valves, actuators, fittings, and gas systems for the energy industry. It has signed an agreement with the authorities of the Wujiang Economic & Technological Development Zone (Wetdz) for exploitation rights, lasting 50 years, on an industrial area of approximately 16,000 square meters in the Wujiang district (Jiangsu province).
The area, which will host a new production facility located 4 kilometers from Valvitalia's headquarters in Suzhou, will be the base for a €10 million industrial investment that will centralize the group's production activities in China once operational.
The agreement was signed by CEO Andrea Forzi and Generoso Polito, general manager of the Valves & Systems division, along with Zhu Yungen, deputy director of the Wetdz Administrative Committee, in the presence of the Italian Consul General in Shanghai, Tiziana D'Angelo, and the director of the Wetdz Investment Promotion Office, Jin Xin.
The operation is supported by a package of incentives provided by local institutions, confirming the strategic recognition granted to Valvitalia's project by Chinese government authorities. The design and start of construction are expected by the end of the year, with site completion by the first quarter of 2027.
"We are among the first in our sector to have genuinely believed in the potential of the Chinese market, where we have been present for almost twenty years," Ruggeri, who is the company's president, recalled. "Since 2006, our development in the region has been possible thanks to a solid network of relationships built with customers, suppliers, institutions, and local collaborators, which represents the foundation for building a new phase of growth and industrial consolidation".
"The goal is to increase industrial capacity, improve operational efficiency, and strengthen our competitive positioning against EPC contractors and end users in the region," explained Andrea Forzi, CEO.
The new facility, an integral part of the Valves & Systems Division, will be designed to ensure the highest standards of safety and performance, and will incorporate both Italian and Chinese expertise in an integrated operational model. It will carry out engineering, assembly, welding, cladding, and testing activities for valves, primarily intended for energy applications.
Through this investment, aligned with the industrial plan through 2027, Valvitalia reinforces its commitment to the Chinese market, which currently generates about 15% of the group's total revenue, projected to reach €220 million by the end of 2024 (+21.5%), consolidating the know-how and resources developed over nearly twenty years of activity in Wujiang. The new site will enable the group to increase responsiveness to local demand, consolidate existing business, and provide customers with a production environment aligned with the most advanced criteria of sustainability, innovation, and operational excellence. (All rights reserved)
(Source: Class Editori)
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