Wirenet Image Band
wirenet.org mobile image band

Wire Journal News

Sampsistemi to expand the operations of recently acquired Setic in China

Sampsistemi, a business of Italy’s SAMP Group, announced that it plans to expand the operations of its China-based subsidiary Sampsistemi (Shanghai) Co. Ltd.

A press release said that as a result of the recent acquisition of Setic and Pourtier—two well-known French companies that were part of the Gauder Group—Sampsistemi has decided to expand and strengthen its existing Chinese footprint. The plan is to expand the Setic plant in Changzhou with a significant investment in infrastructure, and to enlarge the production area.

The Setic plant, located in the Xinbei District, covers an area of 6,400 sq m, and it is currently dedicated to manufacturing rotating machines and related equipment for the wire and cable industry, the release said. The expansion plan will increase the manufacturing area up to 10,000 sq m, plus 2.600 sq m dedicated to office space. The unit will be equipped with state of the art assembly lines for wire and cable machinery and an enhanced R&D center with a test lab. Each space will meet the highest safety and quality standards. “The consolidation of the production capacity into one location will allow us to fully synergize the combined know-how and technologies, while providing greater value to our customers.”

“With the acquisition of Setic and Pourtier, Sampsistemi has completed a three-year strategic initiative aimed at strengthening its leading position in the market and meeting the ongoing demand for a single source-provider, capable of supporting the clients with cutting edge solutions,” said SAMP CEO Lapo Vivarelli Colonna. “The new organization will enhance our capability to provide products and services in China, the largest wire & cable market in the world.”

Sampsistemi is a company of the Maccaferri Industrial Group, an international entity active in seven main sectors, with 58 production plants, 4,600 employees worldwide and annual revenues of 1.2 billion euros.

Read 2532 times Last modified on July 18, 2018