Support for commercial operations in 21 countries amounting to more than €44 million. The main destination countries include China, Albania, Russia, UAE, Morocco, Switzerland, the United States and Ukraine
No fewer than 123 Italian companies will soon be entering foreign markets to promote their products thanks to SIMEST. The company, which together with SACE forms the export and internationalisation hub of the CDP Group, granted loans totalling €44.8 million in September and October 2018 to Italian companies – primarily SMEs ‑ for commercial operations in 21 countries: Albania, Saudi Arabia, Argentina, Australia, Bahrain, Brazil, Cameroon, China, Cuba, the United Arab Emirates, Gabon, Georgia, Japan, India, Morocco, Russia, Serbia, Switzerland, Turkey, the United States and Ukraine.
The companies receiving support include:
- THIMECO Srl, a company based in San Miniato (Province of Pisa), is active in the tanning industry for the production of leather for footwear and accessories, sofas and car interiors. Its main customers include Hugo Boss, Calvin Klein and Zara. Thanks to the SIMEST funding, it will strengthen its sales on the Russian market, where it has been present for many years;
- Rekord è Cucine Srl, an exporter based in Pramaggiore (Province of Venice), produces classic, modern and masonry kitchen furniture. Its entire product range is made in Italy with automated controls that guarantee high quality. The company obtained the loan from SIMEST to strengthen its ability to penetrate international markets.
Contact details for the media:
Tel: +39 06 68635.777
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