IMF, an Italian company engaging in manufacturing of casting equipment built its new plants in Xiqing ETDZ of Tianjin . In the total investment of 2.5 million euros 51% was invested by IMF and the remaining 49% was invested by an Italian public and private investment institution SIMEST.  Officials of the company said that the establishment of the plants aimed at enlarging its market share in China thus battling with some Chinese companies counterfeiting its products , however , he stressed that those counterfeited products were incomparable with the genuine ones .  Xiqing ETDZ of Tianjin serves as a sound investment destination for its convenient logistics and a high concentration of accessory providers. The casting machines produced by IMF would found application mainly in manufacturing of auto and turbine of  generating machinery .  According to the data of the company the current market capacity of casting pieces was around 900 million tons, one third of which is in China.