Piaggio is facing the challenge in Asia and reduces debt

The president and CEO of Piaggio, Roberto Colaninno, during the celebrations of the decade of the Polo Sant'Anna Scientific Valdera Pontedera, commented positively the progress of the group, given also the signs of crisis from the U.S.. "In late 2007 the group was unduly lower than expected budget: on the cash flow for the product, I see as the major indicator ¹ importanrte to assess the state of health of a company," says the chairman. Colaninno welcomes the current state of 'Tuscan company that knoppix is about to sign a major agreement in India that industrial type with China and South-East Asia represents a market of compelling interest. Just at the Tata India is putting into production the car super-economic market you can buy with 1,700 euros and the challenge is accepted by Piaggio that he just wants to try the market. Colaninno, in fact I think the companies should be able to untangle and live with the problems of the global market, which "offers significant opportunities for growth, but at the same time, more demanding on the front pià ¹ ability to compete. The atmosphere is dilated and competition à ¨ à ¨ diventatta very strong and not anybody think of being able to maintain this property and the positions gained. It takes humility and willingness to roll up their sleeves to better manage the resources available and exploit market opportunities, which are numerous. In addition to Piaggio, the president reiterated that "competitors have an incentive to do better and better and therefore should not be a concern," evaluates the relaunch of Ducati with a three-year plan "very good".

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