Forty Italian countries will soon be entering the markets of 8 countries thanks to SIMEST. The company, which together with SACE forms the export and internationalisation hub of the Cassa Depositi e Prestiti Group, granted loans of more than €10 million in August to a group of firms for commercial operations in Albania, Algeria, Saudi Arabia, Brazil, the Ivory Coast, the United Arab Emirates, Kenya and Russia.
The companies receiving support include:
- 2SFT JEANS&SPORTWEAR Srl of Nocera Inferiore (province of Salerno), a company that operates in the manufacture and distribution of clothing under its own brand and for third parties. Thanks to the SIMEST loan it will open a branch in Durrës (Albania) to sell not only 2SFT Jeans&Sportwear branded products, but also the brands of its main Italian clients (Americanino, Imperial, Scout and Gaudi).
- I.S.E.T. Srl of Maddaloni (CE), a leader since 1966 in the manufacture and design of electronic devices and circuit boards for the electro-medical sector. It will use the SIMEST loan to open an office in Al Olaya in Saudi Arabia.
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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