LU-VE GROUP delivers 500 unit coolers for China logistics centre

UBOLDO, Varese, Italy, 12 July 2021: LU-VE Group said that it has completed the delivery of 500 unit coolers for the expansion of the Nansha International Logistics Centre, one of the largest logistics centres in the world, at the port of Nansha, which serves the Guangzhou (formerly Canton) area in the Pearl River Delta.

LU-VE said that after about two years of work, the Centre raised a mega complex, consisting of six buildings for the storage of refrigerated goods, with a capacity of about 500,000 tons, which will expand the Port of Nansha, one of the five largest infrastructure projects in the world for container traffic. The complex will serve the cold chain (inspection, storage, processing, packaging and distribution) of the Jiangnan Fruit Market in Guangzhou and all major urban conurbations from Shenzen to Hong Kong and Macao, in the Zhū Jiāng (or Pearl River) Delta, LU-VE said. It will be used for fresh fruit and vegetables imported into China from all over the world, especially from North America and South America, and for frozen products destined for export (mostly fish products), it added.

“In January 2020, our Tianmen plant was the first of our Group to suffer the negative effects of the pandemic,” said Iginio Liberali, President, LU-VE Group. “It reopened in March, and since then our production has continued to accelerate in order to serve a rapidly and steadily growing market. Our presence in China is central to LU-VE’s internationalization strategy, due to its great potential for expansion. This new contract provides excellent support for our operations in the country. My applause goes to the whole Chinese team who managed to overcome difficulties, returning stronger and more performing than before.”

Most of the unit coolers – numbering 450 – that the LU-VE Tianmen plant, in Hubei Province, supplied belong to the LHS (Large Hitech Surface) industrial range, LU-VE said. The units use glycol water as refrigerant and are intended for cold rooms for storing products with high moisture content and for freezing (temperatures between -10 degrees C and -30 degrees C, the company said. Other compact unit coolers from the FHC commercial range, which the company claimed are characterised by quiet operation and low energy consumption, are instead installed in the cold rooms for fresh products (positive temperatures) or frozen products (temperatures below or equal to -18 degrees C.

LU-VE Group announces record turnover and order book

UBOLDO, Varese, Italy, 21 March 2021: LU-VE Group announced its financial results as of December 31, 2020, which includes a turnover of €401.5 million (a 2.5% increase compared to 2019). The company posted an EBITDA of €45.2 million, which it said represents a decline by 3.3% compared to 2019.

LU-VE also announced an order book at €88.8 million, as of February 2021, which it said is the highest ever reached by the Group (+5.3% compared to February 2020; +15.3% compared to December 2020).

“I would like to thank all the men and women of LU-VE Group for showing their usual strength and sense of duty,” said Iginio Liberali, President, LU-VE Group. “This attitude has allowed us to grow even in a year as difficult as 2020. Our strength lies in the fundamental values we have always practiced: humility; passion; creative intelligence; to generate value for us, for our company and for the market.”