May 31, 2013
In order to keep pace with the astonishing growth of the Asia Pacific tissue market, Toscotec S.p.A. has successfully established its Chinese subsidiary, Toscotec Paper Machine (Shanghai) Co. Ltd.
The new company, a wholly owned foreign enterprise (WOFE), is located approximately 40 minutes drive from Shanghai downtown and 20 minutes from Pudong international airport, in the Gaohang district of Shanghai, and has a total covered area of 1500 sqm dedicated to paper machine manufacturing and commercial offices.
Alessandro Mennucci, CEO of Toscotec Italy, proudly declared: “This start-up, together with our existing commercial network, brings Toscotec closer to our Asian clients, wherever they are located.”
