CDP supports the development of CIFA, a world leader in the concrete sector

CDP supports the development of CIFA, a world leader in the concrete sector

5 million euros with a Garanzia SACE for the Lombardy company's investments

Lombardy, 1960s: CIFA encouraged its workers to set up their own businesses and become suppliers. The idea came from the belief that this would create parallel research and development companies, that would help the company and other customers in the area to advance. In other words, CIFA anticipated the outsourcing model by 20 years.

This anecdote sums up the entrepreneurial spirit that has characterised the Compagnia Italiana Forme Acciaio since it was founded in 1928. A story of passion, determination and sustainability, which began with an idea from the Ausenda family and has seen CIFA become an international benchmark in the field of concrete technology. The company has set a series of technological records, such as the market launch of the first plug-in hybrid concrete mixer and the longest concrete pump in the world.

The company generated a consolidated turnover of approximately 200 million euros in 2019 and employs over 600 staff. The Group has 5 production plants in Italy (Senago, Castiglione delle Stiviere, Rogolo, Vasto and Faenza).

Cassa Depositi e Prestiti has decided to support CIFA’s development with a 5 million euro loan, guaranteed by SACE through the Italian Guarantee, the Liquidity Decree scheme designed to support Italian companies affected by the Covid-19 emergency.

As set out in the Decree, the loan has a duration of 5 years and is aimed at supporting the company's investment plan in Italy.

This move confirms Cassa Depositi e Prestiti's role in supporting Italian businesses, leaders like CIFA, which invest in and develop cutting-edge technologies, generating a positive impact on Italy's entire economic fabric.