December 2007

Group's investment illustrated at the traditional end-of-year appointment

On the occasion of the traditional end-of-year appointment, Ivano Corghi, president of Walvoil, illustrated the results achieved in 2007 and held a brief of 2008 goals.
The international expansion trend achieved by the opening of Walvoil Fluid Power subsidiaries in the most rewarding foreign areas, the optimized worldwide supplies, improved time-to-market and a constant focus on innovation and know-how sharing remain the main corporate objectives.
Walvoil and the rest of the group are going to allocate 13 million euros to more investments for 2008 out of which the major part will be spent on technical implementation of the diverse production sites.
The consolidated turnover foreseen in 2007 exceeds 125 million euros, against 110 million euros in 2006. In 2008, the group’s budget intends to go over 143 million Euro, which confirms the positive trend of the company growth over the last few years.