Rome, 5 July 2017 - In June 2017, SIMEST provided financing to 28 Italian companies for commercial operations in 17 countries: Albania, Algeria, Antigua and Barbuda, Australia, Brazil, China, United Arab Emirates, Philippines, Lebanon, Morocco, Mexico, Nicaragua , Panama, Paraguay, Qatar, Russia and the United States.
The loans, totalling over €8.4 million, were granted to finance 3 feasibility studies, 16 participations in trade fairs and exhibitions, 6 expansions to non-EU markets and 7 SME capitalisation initiatives.
The companies receiving financing include:
• Chematek Spa of San Vittore Olona (province of Milan), a chemical company specialising in the supply of plants and products for the cosmetic, pharmaceutical and oil industries. It is also active in the marketing of wastewater treatment systems and systems for the production of drinking water from sea water. Thanks to the €2.4 million SIMEST loan, it has established an Australian branch that has signed an exclusive distribution agreement for Eni brand products. In addition, it will also sell plants and products for water treatment made entirely in Italy.
• Label Spa of Parma designs and manufactures automation systems and fixtures for automatic doors, specialised entrances for the hospital sector and fire doors. It received a SIMEST loan of €400,000 under the programme to strengthen the capital base of exporting SMEs, and will expand its presence in Germany, the United Kingdom and the Middle East.
• Ekosystem Srl of Desio (province of Monza-Brianza) is active in the design, manufacture and installation of plants for the treatment of polyurethane foam. The SIMEST financing of about €100,000 will fund a feasibility study for a commercial investment in the United Arab Emirates.
• Clabo Spa of Jesi is the world's leading producer of refrigerated display cases for the storage and display of artisanal gelato ‑ designed and manufactured entirely in Italy ‑ that are sold worldwide. Its main customers include Nestlé, Haagen-Dazs, Grom, Puro gusto and Eataly. Already a partner of SIMEST in China, it obtained a €100,000 loan to participate in trade fairs in China and Brazil.
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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.