FLORENCE, ITALY (Aug. 31, 3 p.m. ET) — Florence-based process cooling equipment maker Frigel Firenze SpA is forming a joint venture to make and service its products in the Asia Pacific region.
Partners in the JV include Hong Kong-based Chudleigh-Sutch Technologies Co. Ltd. and Osaka, Japan- based Matsui Mfg. Co. Ltd.
The venture, Frigel Asia Pacific Co. Ltd., will be based in Bangkok, Thailand. It will make and sell Frigel's process water cooling equipment, plus sell Chudleigh-Sutch's systems and customized automation handling equipment.
Combining the two companies' product lines with Matsui's business network in Asia will make the JV “perfectly positioned to offer our customers a more complete turn-key solution,” Filippo Dorin, CEO of Frigel Firenze SpA, said in a news release.
Frigel also recently announced plans to begin manufacturing in both North and South America. In North America, the company is represented by Frigel North America Inc. of East Dundee, Ill.