New plants in India and Vietnam, sales and purchase from Asia: Piaggio Group

Piaggio’s new2010-2013 Business Plan stresses on construction of new manufacturing facilities in India and Vietnam and strengthening commercial operations in Asian markets.

Piaggio’s new2010-2013 Business Plan stresses on construction of new manufacturing facilities in India and Vietnam and strengthening commercial operations in Asian markets.

While Piaggio will introduce new products in Asia, it will focus developing new technologies for the European and American markets. It plans to bring down costs sourcing from Italy, India, Vietnam and China.

For 2-wheeler business, Piaggio is constructing new manufacturing plant in India to produce scooters and bikes and launch first Vespa scooter in 2012. In Vietnam, Piaggio will expand its facility, in order to meet rising demand for new models coming from South East Asian markets.

In Europe, the group will consolidate its leadership in scooters and boost motorcycle market shares for the Aprilia and Moto Guzzi brands. New engines will be developed for Aprilia, accompanied by a full renewal of the range of engines and products for the Moto Guzzi brand.

Piaggio will seek continued growth of the joint venture on the Chinese market.

In The Hole Golf

I n commercial vehicles, Piaggio will consolidate 3-wheel vehicle sector in the Indian market and and extend product range in 4-wheel vehicles on the Indian and European markets. These goals will be pursued with the design and development of new 4-wheel models featuring innovative low-consumption/emission diesel and turbodiesel engines.

In 2013, the Group projects consolidated net sales of approximately € 1,900 million and EBITDA of around € 285 million, with a 15% EBITDA margin. Cash flow management will aim to reduce debt – with a planned net financial position of approximately € 300 million in 2013 – remunerate invested capital and guarantee a significant level of R&D investment.