Job creation and green investments thanks to €10 million from CDP
Financing the investment projects of Italian companies in emerging markets is one of CDP's tools to promote sustainable development on a global scale. The latest beneficiary was MTA, a company that produces electronic and electrical components for cars, motorcycles and agricultural and earthmoving machinery.
MTA was founded in 1954 in Codogno (Lodi, Italy). The group currently has revenues of €240 million and 1700 employees at its nine sites across Italy, Slovakia, Brazil, Mexico, India, China and Morocco.
The €10 million loan from CDP will finance the construction of a second plant in Morocco to increase the production capacity allocated to the EMEA market (Europe, Middle East and Africa). The investment will generate positive impacts in terms of jobs and the environment through:
The opening of the new site will strengthen MTA's international presence and provide jobs for young people and women – a key theme for the long-term development of Morocco.