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Governo Italiano

China: new investment by the Piovan Group

Date:

07/22/2021


China: new investment by the Piovan Group

The Piovan Group has formalised a new agreement with the Suzhou New District for a new investment. Piovan is a world leader in the development and manufacture of automation systems that are used in the production processes for the storage, transport and treatment of plastic and food powders. This important project, for a total value of approximately US$25 million, consolidates Piovan's presence on the Chinese market, where the Group has been operating directly with success since 2004 and has its headquarters in Suzhou itself.

The new factory will also act as the Group‘s regional headquarters for Asia, and will increase Piovan's production capacity in China as well as its capacity for innovation, which combines modern production technologies with sustainable and innovative solutions. This new investment enables Italian companies to become even more deeply rooted within Chinese production chains, and joins the many Italian companies, approximately 180, already operating in Suzhou. Many of these enterprises are based within the Suzhou National High-Tech Industrial Development Zone (SND), one of the city's two main industrial parks along with the Suzhou Industrial Park (SIP).


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