On the afternoon of July 23, witnessed by InvestCHN, DAVAL AG of Switzerland signed the investment agreement with Jianshan New District of Haining city, Zhejiang Province. The main investor of Daval project was established in 1991 and is headquartered in Piedmont, Italy. It focuses on providing functional natural ingredients for bread and baking industry and is a leader in food ingredients industry. The annual output of sour wheat flour and baking powder has exceeded 10,000 tons and the market share in Europe and America has exceeded 45%. Its products are exported to more than 30 countries worldwide, and its revenue in 2020 is 360 million euros.

Litao Wang, secretary of CPC committee and Director of the Management Committee of Jianshan New District (Huangwan Town), expressed heartfelt congratulations on the signing of the project. He said that Switzerland's Daval Project was the first European project introduced in Jianshan New District this year, and was also the first foreign food project in Jianshan New District. Daval's presence will inject new vigor and vitality into the development of food industry in Jianshan New District. At the same time, Jianshan New District will fully support the construction of the project, do a good job in project services, fully meet the needs of various elements of the project, promote the preliminary and construction work of the project with high standards, high quality and high efficiency, and create a good development environment for the project.

Mario Spaventi, President of DAVAL, said that China is our main market in the future. He believes that Haining must be a new starting point for DAVAL and is full of confidence in the development of DAVAL in Haining.

Participants

InvestCHN: Chase Wu, Founder

Daval AG: Mario Spaventi, President of Daval; Xiaofei Niu, General Manager of Daval China; Wenhua Tang, Engineering Director of Daval China.
Jianshan New District (Huangwan Town) of Haining City, Zhejiang Province: Litao Wang, Secretary of the Part Committee and Director of the Management Committee; Maoqing Fang, Deputy Secretary of the Part Committee and Deputy Director of the Management Committee; Yongbin Zhu, Vice Director of the Management Committee; Huijing Liang, Diector of Investment Promotion Bureau

Company Background

Daval was established in 1991 and is headquartered in Piedmont, Italy. It focuses on providing functional natural ingredients for the bread and baking industry. It is a leader in the food ingredients industry. The output has exceeded 10,000 tons, with a market share of more than 45% in the European and American markets. The products are exported to more than 30 countries around the world, with a revenue of 360 million euros in 2020.