Working alongside Seri Industrial for the circular economy

A €10 million loan for the growth of the Campania-based group

Leader in the field of energy accumulators and plastics, the Seri Industrial Group is a solid example of circular economy thanks to its ability to give recycled batteries and materials a second life. The group, with headquarters in San Potito Sannitico (Caserta), has signed a contract with Cassa Depositi e Prestiti for a €10 million loan, backed by a SACE Italian Guarantee.

The company operates in the market through two business units, the SERI PLAST division, active in the production and recycling of plastic materials for the battery, automotive and plumbing markets and the FAAM division, active in the production and recycling of lead-acid and lithium batteries for industrial traction, storage, specialties and start-up applications, as well as in the field of design and construction of plants for the recycling of end-of-life batteries. FAAM has always developed customised solutions with excellent quality standards, with innovative and tailor-made solutions for specific applications.

The 6-year loan will be used to complete investments aimed at growth, in particular to support the business plan of the subsidiary FIB Srl, which produces and recycles lead and lithium electric accumulators under the FAAM brand and builds plants for the recovery of end-of-life batteries. Seri Industrial controls the entire supply chain with strong vertical integration, and the process is a true example of circular economy.

With a strong international focus, the Campania-based Group, listed on the MTA segment of the Italian Stock Exchange, operates worldwide with 14 plants (of which 10 in Italy, two in France, one in Poland and one in China) on two continents, where it employs a total of 800 people and recorded a turnover of €147 million in 2019.