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On July 1st, the Sampingranaggi plant in China, which we recently acquired, was officially inaugurated to become part of our Chinese branch.
This is an important milestone which we are really proud of. The opening cerimony took place on July 1st in the presence of Ms. Zhu Li, Representative of Jiading District Government; Mr. Alex Deng, General Manager of Bonfiglioli China, Mr. Enrico Mangiagalli, Operation Director of Bonfiglioli China, together with the whole management team of Bonfiglioli China, and all staff of Bonfiglioli China Jiading Branch.
With this acquisition, Bonfiglioli S.p.A. will further verticalize its production both in Italy and China, expanding its Robotic application market thanks to extremely high precision and efficiency Gear Units development.