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Italy Invests in the US: Italy's UmbraGroup Opens in Everett (WA)

The Governor of the State of Washington, Jay Inslee, opened in Everett, near Seattle, in the presence of the Consul General of Italy in San Francisco, Italy's UmbraGroup's newest plant for the production of Recirculating ball screws (RBS) used in the aviation sector and other solutions and components that have application in systems with flight.

The plant occupies an area of ​​7,000 square meters. The company's objective are 'to achieve a turnover of $50 million in 2015. UmbraGroup is 'a small multinational company, headquartered in Foligno, Perugia and yet has become the world's leader in its field. The turnover at the group level has 'increased to 150 million Euros, with employing over 1,000 people throughout the world. Among its major clients in the aviation industry include those such as Boeing, Airbus, Moog, Rockwell Collins, UTC and all the major airlines.

'The new plant Umbra Bearings' said the Consul General Mauro Battocchi,' testifies to the vitality 'of Italian industry in the aircraft industry and the ability' of internationalization even in technologically advanced sectors. Italy's Foreign Ministry has given its 'the full support of the international expansion of our businesses, which witnessed the visit of the Italy's Ambassador to the United States, Claudio Bisogniero in Seattle last April.

The group's subsidiary in USA (Umbra Bearings Inc) is managed today by a U.S. CEO, Bob Collett while relying on an Italian-American management team. The group has carried on the belief that business development does not take place in a 'one-way direction': 'One must seek a balance - says the CEO of the Group, Valter Canopies - between what is exported and that you invest in a country. This investment allows us to strengthen the group and be more 'strong in Italy, bringing more and more attention to the 'Made in Italy" image for offering the highest levels of both quality and technological solutions to the marketplace '.