Thirty-four SMEs will soon enter non-EU markets or strengthen their presence abroad thanks to SIMEST. In October 2017, the company, which together with SACE forms the CDP Group's export and internationalisation hub, granted loans of about €9 million to a group of companies for commercial operations in 15 countries: Albania, Saudi Arabia, Armenia, Australia, Belarus, Brazil, Canada, China, United Arab Emirates, Japan, Israel, Russia, South Africa, Switzerland and the United States.
The companies receiving support include T&J Vestor Spa, a company headquartered in Golasecca in the province of Varese and a leader in the sector of home accessories, fabrics and linens. It operates in synergy with well-known fashion brands such as Missoni and Alviero Martini 1a Classe.
Thanks to the SIMEST loan of around €1 million, T&J Vestor will strengthen its presence on the US market by opening a new showroom in New York.
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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