Jiangsu AluTec Precise Machinery Co., Ltd. (JAMCO) is a production-oriented foreign-invested enterprise jointly invested and established by Mr. Franco Barazzutti, an Italian businessman, in Suqian Economic Development Zone, Jiangsu Province. It is the first wholly foreign-owned enterprise in Suqian Economic Development Zone and was officially registered and established on January 12, 2005. The registered capital is 1.2 million euros, with a total investment of 1.6 million euros in the first phase. Mr. Franco. Barazzutti serves as the chairman of the company. The business scope of the company includes: Manufacturing precision stamping dies, precision cavity molds, standard mold parts, precision castings, high-strength and sturdy parts for automobiles, precision air conditioning accessories and related electronic products, as well as selling the company's products. It is a foreign-invested enterprise under the category of national encouraged projects and has obtained the "Confirmation Letter of National Encouraged Foreign Investment Projects" issued by the Department of Foreign Trade and Economic Cooperation of Jiangsu Province.