Invitalia and Denso Manufacturing Italy have signed an industrial Development Contract to support the technological innovation process and boost the production capacity of the San Salvo site (Chieti).
The agreement was signed in Rome by Domenico Arcuri, CEO of Invitalia, and Marco Mari, Director of Human Resources. The meeting was attended by Mario DUrbano, Vice President of Denso Manufacturing Italy SpA and Pasquale Palmieri, Head of Risk & Compliance. Francesco Lazzarotto was present for Warrant Group.
Denso Manufacturing Italy is part of the multinational Japanese group Denso and produces alternators, starter motors and small electric motors for cars and commercial and industrial vehicles.
To innovate the range of products of the Abruzzo site, high-tech and highly automated production lines were constructed; 49.6 million euro was invested overall, with 24.7 million being funded by Invitalia as a subsidised loan and 3.2 million by the Abruzzo Region with a contribution towards facilities.
The project enabled three innovative products to be achieved:
- an alternator with greater performance and a smaller environmental impact;
- an electric Start & Stop engine used by automakers for fuel savings and to reduce harmful emissions
- a motor for windshield wipers, which is quieter and better performing
Part of the amount (2.3 million euro) has been allocated to a research and development programme aimed at making production processes more efficient and more environmentally friendly. Moreover, todays signing will maintain the current level of employment of the San Salvo site, which employs 984 people, and will also create new jobs for a further 20 employees.
The agreement with Denso Manufacturing, said Domenico Arcuri demonstrates that Italy can intercept high-tech investment and become attractive for large foreign companies. Thanks to the benefits and simplifications provided by the Development Contract, Invitalia continues to attract significant interest from major multinationals to invest also in Central-Southern Italy.
The Management of Denso Manufacturing Italy expressed its satisfaction with the CDS, which supported the creation of a business plan that included a complete renewal of the range of products and production technologies, for which more than 100 million euro was invested as a whole in the last four years. The innovations in the products and production processes have given the company a level of competitiveness that enables it to receive orders from all major carmakers in Europe, and that will provide a substantial rise in turnover and export share.