SHANGHAI, CHINA - SCM Group China Trading Co. Ltd., a division of woodworking machinery manufacturer SCM of Rimini, Italy, recently received the "Best Italian SME in China Panda Award."
The award recognizes SCM of its 2011 investments in the Chinese market and its plans for additional development in 2012. SCM said SCM Group China, which was established 10 years ago, has averaged a 46.5% increase in turnover in each of the last three years.
Marco Rampichini, general manager of SCM Group China, accepted the Panda award during a gala dinner. "I would like to stress that this has been a success for 'made in Italy' technology in which the supply of the iron castings for the gear boxes on the Chinese high speed train, the 'CRH' bullet train, that our group supplies to Alstom has also played a part," Rampichini said.