Fenzi China receives award

Fenzi China Paints and Sealants Co. Ltd., the Chinese branch of the Fenzi group, has has been named one of the top 20 excelling companies in the Jiaxing District in 2008 by the local authorities for its sales results and quality of customer service, according to a March 19 company releaseInaugurated in June 2006 in Jiaxing, about 90 kilometers from Shanghai, for the production and direct on-site distribution of Duralux, the Fenzi group’s paint line for mirrors, the plant has demonstrated outstanding performance in 2008 in terms of competitiveness and safety. Early last year, the Safety Bureau of Jiaxing awarded the branch for its high degree of production safety and for being the company with the highest level of competitiveness in its industrial district, according to the release."The year 2008 can be considered a positive year for Fenzi China," said Stefano Pozzi, general manager, in the release."We have strengthened our market position and significantly expanded our customer base." This year also will be rewarding for the group in terms of growth, Pozzi said. "The year 2009 did not get off to a simple start even in China. The global economic crisis is inevitably knocking on the door, but the Chinese economic system is reacting positively: there will be a considerable production reduction during the year, but the Chinese economy will nevertheless continue to grow. Thus we are optimistic, and I believe we will achieve the objectives we have set for 2009," he said in the release.