Italian automation technology supplier Moretto SpA has expanded its activities in Asia, through the opening of new branches in China, India and Russia.
The company, which specializes in automation technology for plastics industry, said the it has been successful in the three markets for the past few years with the number plants supplying primary companies increased in those regions.
“China is a market at the core of the international plastics industry with growing production needs from both technological and automation point of view,” said Moretto in a July 25 statement.
India, it added, is considered the second emergent country after China and is an attractive market due to continuous GDP growth.
Additionally, Russia is a growing market with increasing plastic applications in all areas, said Moretto. In Russia, the company plans to double its sales volumes over an unspecified period.
Without stating specific figures, Moretto said its volumes in Russia showed a 35 percent increase in the first half of 2017 compared to full year 2016.