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UFI Filters Group and JiaXing XiuZhou high-technology Industrial Park Administrative Committee sign agreement for New Plant Investment in Zhejiang Province in China

? UFI Filters Group first Green Technologies Plant in Zhejiang JiaXing XiuZhou Hi-Tech Park (China)
? Investment value of 25 million Euro and factory set to start production in 2023
? UFI Filters Group 7th industrial site in mainland China, expanding global footprint in Asia Pacific

UFI Filters Group, a global leader in filtration and the production of heat exchangers for combustion, hybrid and electric vehicles, is pleased to announce that on Dec 31st, 2021 it signed a new agreement with the JiaXing XiuZhou High-Technology Industrial Park Administrative Committee, in Zhejiang Province.
The event took place online via video conference in compliance with the recent measures of pandemic control in the presence of the XiuZhou district leaders and authorities, Mr. Liu Dewei, Deputy Party Secretary of XiuZhou District and Mr Li ChenYuan, Standing Member of XiuZhou District Committee of CPC along with Rocco Carlo Genchi, the Italian Acting Consul General in Shanghai and Paolo Bazzoni, President of the China-Italy Chamber of Commerce, and with the participation of Rinaldo Facchini, CEO of the UFI Filters Group and Simone Trazzi, APAC COO of the UFI Filters Group.

The investment valued around 25 million Euros is a plot of land to be developed jointly by the UFI Filters Group and JiaXing XiuZhou High-Technology Industrial Park Administrative Committee for a new plant that will produce Advanced Filtration Systems and Thermal Management Products for Green Technology developed specifically for the New Energy Vehicles Sector.
The area of development is in Yangtze Delta region which is dedicated to the industrial development of advanced technology production in convergence with Shanghai municipality, where UFI Filters has four other industrial sites, giving work to over 1.600 people. This new production site will have more than 36.000 sqm covered area for production and warehouse facilities, with possible expansion in the adjacent plot reserved for another 30.000 sqm. This new plant will be the 7th in China and the 20th at a global level and will strongly contribute to the future results of the Group, reaching a revenue of over a billion RMB and employing over 600 people.

Rinaldo Facchini, CEO of the UFI Filters Group, comments: “We are very grateful to the Zhejiang JiaXing XiuZhou District government for their support and proactive effort in helping us in the achievement of our ambition to build the first Green Technologies plant in China. Investing in Green Technologies is the exemplification of our values and bringing innovation is in our DNA.
Today we are signing the agreement to open our 20th Industrial site worldwide. What makes this investment even more meaningful is that our presence in China dates back to 1983 (Bengbu Filters plant established), as well as the fact that this year is the 50th anniversary of the founding of our Group and the 25th anniversary of the foundation of our first wholly owned foreign enterprise which was set up in China (1996 Sofima Automotive Filters (Shanghai)Co Ltd).
We will invest a further 25 million Euros now with this new plant and future additions in UFI Green Technologies in Zhejiang Jiaxing China.”

Simone Trazzi APAC COO of UFI Filters Group, comments: “The 7th industrial site in mainland China, will support the development of the New Energy Vehicles products that represent the future of transportation for both the passenger and commercial vehicles, in the most important and dynamic automotive market of the world, China.
Our facilities will produce advanced filtration systems and thermal management applications for New Energy Vehicles starting in 2023. Additionally, we will have a new state-of-the-art Research & Development Laboratory center for our new systems and products.
We are very excited to cooperate with the Zhejiang JiaXing XiuZhou District Government for building the new industrial site in XiuZhou National Hi-Tech Park that I am sure that this will be the most technologically advanced plant.”

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