This leading Italian manufacturer of high-efficiency photovoltaic panels is consolidating its industrial presence in China and commencing construction of a new Gigafactory and Research & Development Centre.
The formal signing ceremony for acquisition of the 55,000 m2 industrial site in Suzhou (苏州), on which FuturaSun will be expanding its production capacity and building a new R&D Centre, was held on 24 October 2022 in the city’s the Wuzhong District. The new industrial hub is due to be completed in approximately a year’s time.
The ceremony was attended by numerous Chinese and Italian authorities, representatives of Italian companies in China, the boards of the Italian Chambers of Commerce of Suzhou and Shanghai, Chairman Augusto Di Giacinto and Deputy Chair Cinzia Sarli of the Italian Trade and Investment Agency (ITA-ICE), and the Vice President of the EU Chamber of Commerce in China.
The occasion was opened with a welcome from Zhang Huaqian, Secretary of the Chinese Party’s Labour Committee in Wuzhong, and Alessandra Palumbo, Commercial Consul of the Italian Consulate in Shanghai. The event was also attended by Lin Dixing, General Secretary of the Chinese Party in Wuzhong.
After the initial greetings from the Chinese and Italian authorities, Xu Ning, co-founder and COO of FuturaSun, described the evolution of the photovoltaic industry in China over the last decade and, alongside it, the growth and transformation of FuturaSun. He also underlined that cooperation with the government of the Wuzhong District has been a cornerstone in the company’s history and is crucial to achieving new objectives together.
Alessandro Barin, FuturaSun’s CEO, participated from Italy, warmly welcoming all attendees. It was an opportunity to highlight the industrial growth prospects in the business climate of Wuzhong’s high-tech zone and the synergy between China and Europe in the development of renewable energy. Italy is among the first countries to develop photovoltaic, and FuturaSun is the only Italian company to manufacture photovoltaic modules in China.
The speakers also included Massimo Bagnasco, CEO of CNEUCN – an important business partner of FuturaSun China specialising in low-emission urban development – who gave an interesting talk on the next steps towards CARBON NEUTRALITY and achieving ecological transition goals.
Decarbonisation objectives are now a shared heritage at global level, and the growing need for photovoltaic technology promises years of intense industrial development.
Since its inception, FuturaSun has brought to the table its innovative strategy of partnership between Italy and China, combining the prowess of Italian techniques with that of Chinese manufacturing, in order to meet the competitive challenges of the international market. In recent years, to support its success at international level, the Italian company opened its first plant in China, in Taizhou, not far from Shanghai, with production capacity of 1.2 GW.
And that is not all: in parallel, the Italian company is moving forward with its European development. Indeed, on the strength of its business experience, it has launched a project for a sister GigaFactory in Italy, to meet the development demands of a European market increasingly oriented towards supporting the energy transition.
True to its motto, ‘anticipate tomorrow’, FuturaSun is continuing to grow in both Asia and Europe, putting its faith in the future and the sun.
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