Soon, thanks to SIMEST, 65 Italian companies will expand into foreign markets and promote their products. In January 2018, the company that with SACE forms the export and internationalisation hub of the CDP Group, granted over 21 million euros to Italian companies for business operations in 16 countries: Albania, Saudi Arabia, Brazil, Bosnia Herzegovina, China, Cuba, United Arab Emirates Japan, Iran, Kosovo, Morocco, Peru, Russia, Serbia, Switzerland and the United States.
The companies that received soft loans to open or potentiate their foreign branches include:
- MGM Mondo del Vino Srl (Forlì) thanks to SIMEST will strengthen its position on the Russian market. Founded in 1991, MGM is in the business of refining and bottling wine (mainly DOC, DOCG, DOP, IGP and IGT), managing logistics and sales, mainly for foreign markets. SIMEST has been backing its international development plan as capital partner since 2015. MGM is also a client of SACE and SACE BT, with which it insured its supplies abroad and obtained internationalisation funds between 2009 and 2016.
- Confezioni di Chio Srl (Andria, BT) chose SIMEST to finance the purchase of a building that will be used as offices and as a store, in the Albanian town of Kavaje. The company specialised in designing, manufacturing and selling underwear for men, women and children since 1987. Also thanks to the raw materials purchased from suppliers holding an Oeko-Tek certification – a guarantee against the use of harmful substances – holds a licence to produce and sell top-end brands, such as Luciano Soprani and Pierre Cardin.
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SIMEST is part of the CDP Group, 76% controlled by SACE and invested in by leading Italian banks and business associations. SIMEST and SACE form the export and internationalisation hub of the CDP Group, which offers all the financial instruments to support Italian companies interested in competing and expanding internationally. In particular, SIMEST supports companies throughout their entire international development process, providing soft loans for internationalisation, export credit support and equity investments.