Investment MOU signing ceremony

On March 28th, a Memorandum Of Understanding signing ceremony was held to support Walvoil's further investment in the expansion of its Korean subsidiary, Walvoil Fluid Power Korea, located in the O-Seong Industrial Zone of Pyungtaek and inaugurated in 2015.
The ceremony, which has taken place at the St. Regis Hotel in Florence, involved a delegation from the Gyeonggi Provincial Government and the CEO of Walvoil S.p.A., Eng. Victor Gottardi.

A further demonstration of Walvoil's strategic decision to continue investing in South Korea.