€10 million from CDP for the sustainable development of the Auricchio Group in Italy

€10 million from CDP for the sustainable development of the Auricchio Group in Italy

with a SACE guarantee

The resources will be used for the renovation and energy upgrades of the dairy company's production facilities throughout the country, from north to south

 

Auricchio, the historic leading brand in the production of traditional Italian cheeses, is making investments to strengthen its sustainable development in Italy, increase productivity and boost competitiveness. The project is being supported by Cassa Depositi e Prestiti with a Euro 10 million loan partially secured by SACE through the Future Guarantee instrument.

In detail, the resources will be allocated to new investments for energy upgrades, environmental protection and the launch of new initiatives aimed at supporting the Group's development in the regions where it operates. The projects will involve several of its production facilities, from north to south, as envisaged in the company's 2024-2027 Investment Plan.

All in all, the implementation of the various initiatives covered by the multi-year programme will allow Auricchio to upgrade its facilities to better protect the environment and boost development of the company's local operations. Founded in 1877, today Gennaro Auricchio S.p.A. is at the head of an international group working to bring the great cheeses of Italian tradition to people worldwide.

CDP's loan and SACE's guarantee are aimed precisely at supporting companies in these processes of sustainable growth and consolidation at a time when ESG issues are so much in the spotlight.