Guangzhou KDT Machinery Co., listed on the Chinese stock exchange, will invest in the "made in Italy".
The agreement, signed in these hours, was concluded in the late evening of Friday February 9th.
The new Board of Directors will be composed of a Chinese representative, a representative of an Italian consulting firm and Mr. Giancarlo Muti, who will remain the CEO of the company.
The production facilities, R&D and management will be remain unchanged and located in Rimini.
" Masterwood's DNA does not change. - explains Muti - The future aim will remain design and produce high technological product leveraging on quality, customization and "made in Italy". Our first thought was to keep the employment and the Italian technology. This operation gives us the opportunity to reinforce our international dimension and competing more efficiently with the major players of the industry.
This partnership will greatly facilitate us not only in the markets where we are present today but in the potentially huge market of South East Asia exploiting the sinergy derived by the products range completion. "