Thanks to SIMEST, 68 Italian SMEs will soon be entering foreign markets to promote their Made in Italy products. In November 2018 the company, which together with SACE forms the export and internationalisation hub of the CDP Group, granted loans totalling €23.4 million to Italian companies for commercial operations in 14 countries: Albania, Cambodia, Canada, China, the United Arab Emirates, Japan, India, Kazakhstan, Oman, the Dominican Republic, Russia, the United States, Turkey and Vietnam.
The companies receiving support include:
INSEM Spa is an IT company based Rome that produces software, application services and technology platforms for integrated data management. Thanks to the SIMEST “Non-EU market penetration programmes” loan, it will open a commercial office in San Francisco near Silicon Valley, the symbol of innovation in digital technology.
SPAGNESI Spa is an exporting company based in San Giorgio delle Pertiche, in the province of Padua, that operates in the body-shop equipment sector, offering the turnkey manufacture and delivery of plant, machinery and tools for the repair of motor vehicle bodywork. It obtained an “SME Exporter Capitalisation" loan to reinforce its overall capacity to penetrate international markets.
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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.