Michele Cecchi, Italy’s Consul General in Shanghai, attended the opening day of the new Immergas plant in China. A 3 million dollar investment to produce gas boilers designed for the Asian market. Production has already started with 25 workers increasing to 100 at full production capacity. First year revenue is expected to be around 20 million Euro.
The financial statements of the Immerfin group report a consolidated turnover of € 311.1 million, 70% of which was generated in foreign markets. The massive investments made in Italy (the new Laboratorium research centre) and the ones under way in China (production plant) open new growth perspectives.