Thanks to the CDP Group, Marchesi di Barolo is expanding its wine exports to Germany, the United States, Canada, Norway and Denmark. The historic winery based in Cuneo produces Barolo, Dolcetto d'Alba, Barbera, Barbaresco and Nebbiolo wines. Founded at the beginning of the nineteenth century in the heart of Piedmont’s Langhe area, it is one of the many Italian companies that in April obtained support from SIMEST, which together with SACE forms the Italian export and internationalisation hub.
About 90 companies will benefit from total funding of about €34 million to promote their products in 16 countries: Albania, Saudi Arabia, Australia, Canada, China, Congo, the Ivory Coast, the United Arab Emirates, Ethiopia, Ghana, Morocco, Russia, Serbia, Singapore, Ukraine and the United States.
These companies include La Fabbrica di Castel Bolognese (province of Ravenna), which is active in the production and marketing of high quality ceramic floor and wall tiles made entirely in Italy. The company, which is also a customer of SACE, will use the SIMEST loan to open a commercial unit in Chicago, which will enable it to strengthen its position on the local market.
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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