Milan, 2 February 2022 - Camozzi Group S.p.A. and Timken Italia S.r.l. announce that they have reached a final agreement for the acquisition, by the Camozzi Group, of the ownership of the entire real estate complex housing the Timken industrial site located in Villa Carcina (BS) and for the start-up, at the same site, of a reindustrialisation project that will be carried out by the Camozzi Group over a period of 24 months.
The reindustrialisation plan of the Villa Carcina site was conceived by the Camozzi Group with two objectives in mind: restoring an important industrial engineering activity for the local community, comparable in size to that previously carried out by Timken at the site; and at the same time, contributing to solving social issues related to the definitive winding-up of the activities previously carried out at the site, ensuring the full protection of personnel.
The Camozzi Group will be developing high-tech mechanical manufacturing activities at the Villa Carcina site in line with the Group’s strategic development guidelines according to innovative, digital and sustainable industrial standards.