December 2007

New Walvoil Fluid Power opened up in Shanghai, China

Mr Chu Xi, Mr Romano Mazzali, Mr Stefano Togninelli from Valvoil Group; Mr Aston Chen, Mr Lorenzo Fontanesi, Ms Tang Limei and Ms Brenda Li from WFP Shanghai together with Drennan Group.

The first partial inauguration of the Chinese Walvoil's subsidiary has occurred in mid December benchmarking the start of an essentially trading unit. The opening, in the same location, of an out and out production plant to serve customers operating in China and in the Asian-Pacific area will be a reality in 2008.