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CDP Group: SIMEST funds the internationalisation of 19 Italian companies in August

Support of about €6 million for commercial operations in 9 countries. Among the main destinations: China, United Arab Emirates and Russia

CDP Group: SIMEST funds the internationalisation of 19 Italian companies in August
1 September 2017

Rome, 1 September 2017 - Nineteen Italian companies will soon enter 9 countries thanks to SIMEST, a company that together with SACE forms the CDP Group's export and internationalisation hub. In August 2017, SIMEST granted loans of about €6 million to a group of companies for commercial operations in Brazil, China, Egypt, the United Arab Emirates, Kazakhstan, Montenegro, Qatar and Russia. The companies receiving support include:

•       Salerno Pesca Srl is a Salerno-based company that markets wholesale fresh, frozen and deep-frozen fish products. Its customers are mainly located in Southern Italy, but are also in Spain and Egypt. The company intends to create a permanent presence in the latter country, using the SIMEST loan to transition from import/export operations to independent sales, targeting customers such as tourist villages, supermarkets and restaurants.

•       Lualdi Spa is a long-time leader in Italian design, operating in the field of interior doors, made-to-measure furnishings and contract work. It currently works with the world’s leading architects, has showrooms in Milan, New York and Miami, and boasts an internationally recognised leadership position. The loan received from SIMEST will help the company ‑ which is based in Marcallo Con Casone (province of Milan) ‑ to pursue a broad internationalisation strategy through the consolidation of its position in the foreign markets where it is already present and expansion into new European and extra-European markets (such as Poland and Thailand).

•       Ghibli & Wirbel Spa is based in Dorno (province of Pavia) and is already a customer of SIMEST, having been supported in the past in order to enter the Russian market and strengthen its capital base. Specialised in the design and production of professional cleaning equipment (vacuum cleaners, single disc cleaners, scrubber dryers, carpet cleaners, steam generators), the new financing will enable the company to participate in major industry events in Russia and Kazakhstan.

 

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 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.

Stampa