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CDP Group: in November, SIMEST financed the internationalisation of 50 Italian companies

SIMEST supports business endeavours in 16 countries for over 22 million euros. Main countries include: China, the United Arab Emirates, Russia, Turkey and the United States

CDP Group: in November, SIMEST financed the internationalisation of 50 Italian companies
6 December 2017

Soon, thanks to SIMEST, 50 Italian companies will expand into foreign markets and sell their products in 16 countries. In November 2017, the company that with SACE forms the export and internationalisation hub of the CDP Group, granted over 22 million euros to Italian companies for business operations in Albania, Chile, China, United Arab Emirates, India, Mexico, Nigeria, Oman, Russia, Senegal, Serbia, South Africa, Switzerland, the United States, Turkey and Ukraine. Among the companies supported:

  • Ascot Industrial Srl (Gela, Caltanisetta): Thanks to SIMEST's 1.5-million euro loan, the company will open premises in Lagos, Nigeria, to support local clients and clients in other countries in the area, such as Cameron and Liberia. Ascot provides energy solutions on the international market.  It mainly focuses on the production of diesel and hybrid generators and modular energy plants, designed according to the specifications provided by clients and depending on the climate conditions. Ascot products are made in Italy with top-quality European materials. The company is also a client of SACE, which has supported its exports to Sub-Saharan Africa and the Middle East.
  • Aeromeccanica Stranich Spa (Milan): the company obtained from SIMEST the funds to finance a feasibility study aimed ad assessing the viability of building a plant to produce industrial fans and dedusting installations in India, a country that offers great scope for development. The company started its activity in 1928, designing, manufacturing and installing centrifugal in-line fans and dampers for all industrial purposes. Since 1970, it specialises in systems to control gas and dust emissions and abatement of harmful gases.

 

Contact details for the media:

Tel: +39 06 68635.777

ufficio.stampa@simest.it

Twitter: @SIMEST_IT

 

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 internationalization 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.

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