Ricchetti Group announces a three-year investment programme

Following the recapitalisation programme launched last December with the aim of securing an increase in share capital of 8 million euro, Ricchetti Group has announced a 20 million euro investment programme for the next three years.
The investments will mainly concern the factories in the Modena area. During 2010 production will be cut down at the Maranello facility, where a grinding and lapping plant will be installed in order to give the plants greater flexibility. New machinery will also be installed next year, while the widest-reaching operation will be conducted in 2012 through a programme to resume the most important production activities and to rehire some of the personnel.
Besides Italy, the Group also operates with its own production facilities in Portugal, Sweden, Finland and Germany.