Risparmio energetico

Questa schermata consente al tuo monitor di risparmiare energia. Clicca ovunque per tornare alla navigazione.

CDP GROUP: SIMEST support Tiberina in Argentina as well

Acquisition of 17% of the Argentine subsidiary for €3 million. The strategic objective is to make the Italian group one of the top players in the body-in-white sector in the entire region

CDP GROUP: SIMEST support Tiberina in Argentina as well
4 January 2017

SIMEST provides new support for the international expansion of the Tiberina Group of Perugia, one of the leading Italian players in the production of systems and components for the automotive industry.

Just over a month after the investment of €2.5 million in the Brazilian subsidiary Tiberina Automotive MG, SIMEST ‑ the company for the internationalisation of Italian companies of the Cassa Depositi e Prestiti Group has also acquired 17% of Tiberina Automotive Argentina for €3 million.

The strategic objective of this second investment ‑ one of the first Italian moves in the region since the beginning of the crisis ‑ is to enable the Tiberina Group to become one of the top body-in-white players in Argentina through the expansion of the Cordoba factory, accompanied by an increase in production capacity in both the moulding and sheet metal assembly stages.

The Tiberina Group, which is also a customer of SACE, who guaranteed a loan to support the 2014-2016 investment plan, posted consolidated turnover of €750 million in 2015. It employs about 2,400 people and is among the top players in the production of automotive systems and components for the body-in-white stage of automotive manufacturing (both underbody and upperbody). The Group is present in 6 countries, where it operates through 24 companies.

The main customers of the Group are, in order of volume: FCA (a long-standing customer and current main customer with a 30% share of global turnover), Daimler Mercedes, Sevel (FCA/PSA joint venture), VW, BMW, GM and CNH Industrial.

 

 

 

CONTACT DETAILS FOR THE MEDIA:

Tel: +39 06 68635.306-403-474

ufficio.stampa@simest.it

Twitter: @SIMEST_IT

 

 

SIMEST is part of the CDP Group, 76% owned by SACE, with leading Italian banks and trade associations among its other investors. SIMEST and SACE form the export and internationalisation hub of the CDP Group, which offers the entire range of 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