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SITI comes out of temporary receivership

Apr 21, 2005
21/04/05 - SITI, a company based in Marano Ticino (province of Novara, Italy) which manufactures complete plants for the ceramic industry, officially came out of temporary receivership on 11 April to return to fully autonomous business.

The company has completed the restructuring programme and achieved management results that testify to a concrete recovery.
These include a growth in turnover, consolidated operating profits, a positive balance sheet and integral real assets.

As the company’s management noted, this important result has been achieved due to the hard work of all personnel and the confidence shown by customers, suppliers and the banking system. It also owes much to the support of everyone who believed in the project to restructure the historic company, one of the most prestigious suppliers of complete plants for the ceramic industry.

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