Machinery companies sign partnership agreement
25/03/2010
Footwear and leather machinery providers Atom, Cerim and Camoga have signed a partnership and cooperation agreement to work together to address the needs of the global market, but with a specific focus on Asia.
One of the most significant elements of the agreement is that the three companies have decided to consolidate their existing production capacity in China.
In practice, Atom and Cerim have taken "a qualified shareholding" in Camoga Nanjing, a new production company that Camoga recently opened in the Chinese city. It will produce mechanical components for all three parent companies.
Also, Cerim will outsource production and assembly of some of its models to Camoga Nanjing, in addition to those it already builds in Shanghai.
For its part, Atom will offer, as a strategic partner, Camoga technology, including its entire line of splitting machines.
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