LU-VE Group has been recognized by Chinese institutions as a model of foreign investment during a visit by an institutional delegation from Hubei Province to the company’s headquarters in Uboldo, Italy. The delegation was led by Vice Governor Chen Ping and Tianmen Municipality Deputy Mayor Zeng Linghui.
The visit, attended by representatives from government, industry, and financial institutions, highlighted LU-VE Group’s role in fostering economic cooperation between China and Europe. The company is the only Western enterprise operating in Tianmen Municipality, where it has established a production plant.
LU-VE Group President and CEO Matteo Liberali stated that cooperation with local authorities has been key to the company’s development in China, adding that the recognition affirms LU-VE’s strategic choices. Vice Governor Chen Ping emphasized the economic impact of LU-VE Tianmen, noting that the plant has created over 100 jobs and generated revenues exceeding 130 million yuan (approx. USD 17.9 million) within a year, with projections reaching 300 million yuan (approx. USD 41.3 million) over three years.
The Tianmen site, which was expanded in December 2024 from 19,000 m² to over 43,000 m², produces cooling systems for data centers and power generation. The investment aligns with the Chinese government’s “For China from China” program and the Belt and Road Initiative, which support long-term foreign industrial investments in inland regions.
Thomas Stiller, General Manager of LU-VE Tianmen, praised the institutional support received in China and reaffirmed the company's commitment to its growth path. Barbara Cimmino, Vice President of Confindustria for Export and Investment Attraction, noted that LU-VE exemplifies sustainable competitiveness and international collaboration.
