Wuxi - ECO inaugurates its new Chinese venture
December 8, 2006
ECO has inaugurated its Chinese subsidiary, a real milestone in its history. Wuxi ECO Coils & Coolers Co., Ltd is the affiliate set up by ECO to support its global HVAC&R partners in their operations in Asia.
The new plant is sited in Wuxi technological district, one of the most dynamic and fast growing Chinese industrial zones, particularly renowned for the efficiency of the services and infrastructures it provides.
This inauguration is the completion of the first phase of an expansion project, that aims to create a strong base in China from which the Group intends to build a stronger presence in the country and, thereafter, in the Asian continent.
The first mission of Wuxi is to supply heat exchangers to the Group’s global customers who have a presence in China and who are mostly based in the neighbouring province of Shanghai. The second step will involve targeting the local players in the Chinese market, and should see the Chinese activity grow to a total turnover of 25 million Euro.
With production lines for the manufacturing of 3/8” and 7,2 mm Cu – Al heat exchangers, Wuxi facilities will be able to guarantee its customers the highest quality and service standards, within Luvata’s distinctive innovation and flexibility based business model.
The inauguration ceremony – held at the company’s premises and attended by shareholders and by the Group’s Managing Director - was the official launch of the new venture, its mission and targets to the local authorities and to a number of customers and stakeholders who had come from all over the world to share in the beginning of a new phase of global expansion.