PMT Italia S.p.A. to register capital increase with the entry of China Paper Machinery Co.
In April 2014 a promising technological and commercial agreement was signed between PMT Italia and China Paper Machinery Co. as a result of the mutual interest of the two Companies for a strategic goal of common growth.
The level of Excellence of PMT’s Technology and Capabilities has then recently been the reason for SinoCPMC to consolidate this Partnership entering as PMT’s Stockholder at the same time with PMT’s Capital Increase on January the 8th 2015.
SinoCPMC, wholly owned by the Sinolight Group, after the acquisition of Sinolight Guotai Machinery Co. and the creation of the Hebei branch company, equipped with the most advanced machinery and management, intends to become “The leader of cutting-edge technology for Chinese paper machinery, the pioneer of advanced paper making machinery made in China and a national leading and international first class system integrator with ownership of key technology.”
PMT Italia has been operating under this name since year 2000 and was, before this, the leading production facility in Europe for Beloit. PMT Italia owns the complete technology for various kinds of paper machines and the richest manufacturing, project management and service capabilities.
With the new Partnership and the Capital Increase PMT will be able to reinforce its Presence on the Global Paper Machinery Market, while the new Group will now take mutual advantage of the shared experience, technical skills, production facilities and commercial network in order to expand its business and become an even more relevant leading player with the worldwide supply of machinery and services for this industrial branch.