Itema, a global provider of advanced weaving solutions including weaving machines, spare parts, and integrated services, has acquired the area that hosted the Cotonificio Cantoni in Ponte Nossa/Italy. 18 years after the end of the productive activity on the site, the area will be subject to a major redevelopment project. The area in question, located on the left orographic bank of the river Serio, includes civil and industrial buildings, and a wooded area.
The investment objectives are to counter the abandonment of mountain areas and to recover a district that for many years has been the flagship of the Seriana Valley industrial sector.
The acquisition is aimed at creating new innovative spaces in terms of sustainability and circularity to accommodate expansions of the production and engineering activities of the Itema Group, Colzate/Italy.
»We intend to redevelop and give new life to the area, through the implementation of new cutting-edge facilities aimed at enhancing the activities of the Colzate, Ponte Nossa and other Group sites.«