€36 million allocated by company to support Made-in-Italy growth abroad
SIMEST, a CDP Group subsidiary, reaffirmed its important role supporting international growth of Italian companies, ending the first quarter 2017 with great success. With 84 Italian companies financed for a total of about €36 million, SIMEST has supported Made-in-Italy internationalization operations in 25 foreign countries: Australia, Brazil, Cameroon, Canada, China, South Korea, Cuba, Egypt, UAE, Ghana, Japan, India, Iran, Malaysia, Morocco, Mexico, Nigeria, Russia, Senegal, South Africa, Switzerland, Thailand, Tunisia, Turkey, and USA.
The loans respond to specific company needs, according to their international expansion process. From helping company fund feasibility studies, to strengthening small-to-medium-sized enterprises’ capital base, SIMEST offers a wide range of comprehensive products to aid Italian SMSs grow in foreign markets. Among those financed during the first quarter, there is Novi Srl (food industry) and Blutek Ltd. (hydraulic components for the oil and gas sector), which thanks to the SIMEST tool "Partecipazione a Fiere e Mostre" have been able to participate in important international events in Abu Dhabi, Texas and Iran.
CDP’s SIMEST and SACE represent one door for internationalization, promoting business growth in foreign markets. In line with the CDP’s Strategic Plan 2016-2020, we help Made-in-Italy do business abroad.