Select your language: Wednesday 17th February 2016 Home | Email | site map Username Password Forgot password? New user? Sign in Home Chongqing headquarters Marco Polo and Turandot Teachers Study and work in China Calendar and inscriptions Companies Genertec Italia srl advisor in the sale of the photovoltaic division of Filmcutter Spa to the Chinese Jolywood (Suzhou) SunWatt Co., ltd. Print Send On 12 March 2015, the closing of the acquisition by the Chinese Jolywood (Suzhou) SunWatt Co., ltd., A listed company producing backsheets, of 100% of Filmcutter Advanced Material SpA, the photovoltaic division of Filmcutter SpA, was signed. This is a significant operation for the prospect of synergistic development between the two companies: by leveraging Filmcutter's high positioning in the PET-based backsheet segment, Jolywood aims to become the first world producer in the segment. The advisory activity carried out by Genertec Italia has guaranteed the achievement of mutual satisfaction of the parties in just over four months, a record timing for cross-border investment transactions where the role of an advisor who understands and facilitates the process of acceptance of cultural and business differences. Genertec Italia is the Italian subsidiary of the Chinese state multinational group, China General Technology Group. Present in Italy since 1988, Genertec assists Italian and Chinese companies for the realization of their industrial and commercial projects in the two countries. Genertec Italia srl advisor for Jolywood (Suzhou) Sunwatt Co., Ltd ' acquisition of Filmcutter Spa's PV division. On March 12, 2015, Jolywood (Suzhou) Sunwatt Co., Ltd, Chinese private listed manufacturer of backsheet, officially acquired 100% of Filmcutter Advanced Material Spa, PV division of Filmcutter SpA. The strategic value of the operation lies in the future development model: leveraging on the high positioning of Filmcutter brand in PET based backsheet sector, Jolywood can become a worldwide leader in this sector. The advisory activity from Genertec Italia assured the closing in 4 months, a big achievement in cross-border investment activities, in which the role of the advisor is crucial to facilitate the acceptance of different cultural and business behaviors. Genertec Italia is the Italian branch of China General Technology Group, multinational Chinese State Owned Enterprise. Established in Italy in 1988, LIVE NEWS FROM CHINA Source: agichina24.it Home News archive Language and Culture Courses Courses on site Courses for schools Collaborations Business Getting to know China Events Approach project! Cultural trips Chongqing headquarters Marco Polo and Turandot Teachers Study and work in China Calendar and inscriptions Companies © Italy China Foundation - VAT number 04132610967 - All rights reserved