3/11/2021 - Two important foreign investors in Emilia-Romagna are finding here the right conditions to grow and expand.
Philip Morris International (PMI) and Toyota are carrying out initiatives that create new jobs and increase their integration in the regional socio-economic system. PMI's Center for Industrial Excellence and Toyota's new investment plan for 2025 show that the region represents the right location where to invest.
Philip Morris International (PMI) inaugurated the new Center for Industrial Excellence in Crespellano (Bologna), the largest in the world of PMI with respect to industrialization, process innovation, engineering and sustainability. The new Center is part of a broader investment plan for Italy amounting to around 600 million euros over three years, linked to the new non-combustion products, with an estimated direct, indirect and induced employment impact of around 8,000 jobs along the supply chain. The activities carried out by the Philip Morris Manufacturing & Technology Bologna plants will thus be consolidated and integrated thanks to the creation of the new hub which will support PMI's global R&D center in Neuchatel, Switzerland.
Toyota Material Handling has launched an investment plan of 20 million euros by 2025 that foresees 180 hires by 2022. The plan is supported by an increase in the orders that led to a turnover of 500 million in 2021 (from 341). The Japanese multinational is present in the region mainly with the division that deals with forklifts, mostly located in the Bologna area.