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CDP Group: SIMEST opens foreign markets to 32 Italian companies in July

Support of €13.9 million for commercial operations in 12 countries. Among the main destinations: China, United Arab Emirates, Uganda and the United States

2 August 2017

Thirty-two Italian companies will soon enter 12 countries thanks to SIMEST. The company that together with SACE forms the CDP Group's export and internationalisation hub granted loans of about €14 million in July to enterprises for commercial operations in Albania, China, United Arab Emirates, Iran, Morocco, Mexico, Oman, Russia, Switzerland, Turkey, Uganda and the United States. Companies receiving support include:

•     Siggi Group Spa: known to the public as the official partner of the culinary talent shows “Masterchef Italia” and “Hell's Kitchen”, Siggi is a Vicenza company that since 1966 has specialised in the manufacture and sale of professional clothing for industry, craftsmen, catering, government and the hospital sector. Thanks to the SIMEST loan, the company – which is also a customer of SACE – will participate in Intersec Dubai, the most important fair trade for the Security & Safety sector, organised by Messe Frankfurt Middle East, with more than 1,280 exhibitors and visitors from 127 countries.

•     Colmar Technik Spa: after receiving a loan from SIMEST for two feasibility studies relating to the opening of commercial offices in Colombia and China, the Rovigo company – which builds machinery for line maintenance and scrap recycling – opted to move into the latter country. Thanks to the new SIMEST loan of €803,000 the company will establish a presence in Fujian province.

•     SIM Spa: the company is based in Priolo Gargallo – in the province of Syracuse – and specialises in the prefabrication and assembly of pipes, metal structures and equipment. Its main customers include Total, ENI, Saipem, Esso, Lukoil and Gazprom. Thanks to the SIMEST loan of €2.2 million, it will be opening a sales office in Muscat in Oman – staffed with seconded Italian personnel –a country in which two long-time customers of the company, Tecnimont and CB&I Lummus, have been awarded major contracts by ORPIC, the petrochemical giant controlled by the Omani government. The company is also a customer of SACE, which has supported its expansion in Belgium, Denmark, France, Serbia and the United Kingdom.

•     SERING Srl: active since 1988, the company has two operational offices in Italy (in Palermo and Rome), and three offices abroad, in Bulgaria (a country in which it also obtained SACE support), Oman and Saudi Arabia. It offers engineering services in the field of large infrastructure, transport (roads and railways), hydraulics and the environment. Thanks to the SIMEST loan of €230,000, it established Sering Ingegneria Ltd in Kampala, the capital of Uganda, a fast-growing country with an attractive development programme focusing mainly on the water sector (supply, purification, distribution and treatment) and roads, as well as infrastructure for sustainable tourism.

.     Matrunita Mediterranea Srl: the company, based in Vado Ligure (in the province of Savona) is specialised in the sale and intermediate processing of honey that it imports from around the world. It supplies the main national and international players in the confectionery sector, including the Italian companies Ferrero and Ambrosoli. It was granted a €300 thousand “Capitalisation of exporting SMEs” loan, thanks to which it will strengthen its presence on foreign markets. Matrunita Mediterranea is also a customer of SACE, which supported the reinforcement of its operations in Brazil



Contact details for the media:

Tel: +39 06 68635.777


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.