CHANGZHOU, China, Nov. 13, 2016 /PRNewswire/ -- A group of Italian companies have set up operations in a smart manufacturing industrial park located within Changzhou National Hi-Tech District, in Changzhou, China, on the heels of an agreement signed between the park and the companies. Three of the Italian companies have already signed agreements to open operations within the park.
Since the first Italian firm, Raco Group, established a presence at Changzhou National Hi-Tech District in 2005, a large number of Italian firms, including Polynt, Vortice Ventilation System, Groppalli HVAC, Amer Electric Motion, BCS and Biesse Tape Solutions, have followed suit.
As a traditional leader in Europe, Italy boasts advantages in terms of a solid industrial infrastructure in the automobile, aviation, rail transit, precision machinery, machine tools, robotics and agricultural sectors.
With a number of Italian manufacturers having already set up operations at Changzhou National Hi-Tech District, other Italian firms are expected to follow suit, via a leasing agreement that allows them to quickly put in place production facilities and transfer production capacity with the goal of being able to get closer to the Chinese market and win local customers. In terms of business expansion, Italian firms are encouraged to buy their own plot of land and build their own factories. Doing so allows them to enrich product mix and expand production capacity.
SOURCE The Public Promotion Department of Changzhou Xinbei District Commission of CCP