SACE, which is the Export and Internationalization Group of the CDP Group with SIMEST, has completed a loan transaction from 1,5 million euro to support the expansion abroad of Minerali Industriali, a company active in the production and marketing of raw materials
The credit line, guaranteed by SACE, is aimed at supporting the investment plan for the internationalization of the Piedmontese company. The resources will be used to strengthen the presence of Industrial Minerals in some geographies that present significant growth rates such as Colombia, Brazil, Guatemala, Mexico, Egypt and Tunisia.
"We would like to thank SACE SIMEST for trusting our company and the precious help we have been given" - said Dario Manzoni, CFO of Minerali Industriali - "We will use the funds to strengthen our production and distribution structure in some specific countries extra EU, so you can count on one supply chain more technological and modern, that can make us grow both through the treatment and marketing of locally extracted products to be allocated to the standard market and as a vehicle for the products high-end which will be made in Italy and exported ".
SACE SIMEST - present in the region with its Turin headquarters - confirms its commitment to the many Piedmontese SMEs operating in emerging markets, where it becomes fundamental to make use of the experience and solutions made available by a reliable partner such as the export and internationalization of the CDP Group, which in the 2017 has mobilized in Piedmont about 900 millions of euros for the export and internationalization of 1200 companies.
Minerali Industriali is an Italian company - born from the merger of two historical Groups like Maffei and Gruppo Minerali - a leader in the extraction, processing and marketing of raw materials such as sands, feldspar, clays and kaolin. The company is also involved in geological and mining research, design and construction of systems for both the classic mining sector and the recovery of industrial waste and the development of innovative products in sports and leisure. Minerali Industriali is present with 13 production units in Italy, 4 in Europe, 1 in Asia, 3 in North Africa and 7 in Central and South America and employs about 600 people between Italy and abroad. Raw materials are destined for the production of glass (both hollow glass for perfumery, pharmaceuticals, bottles and glasses flat glass for cars, building and architecture), of ceramic (both tiles and sanitaryware), for the building industry (paints and varnishes, technical plasters and finishes, engineered-stone, premixed etc) and for various industrial uses (rubbers, plastics, silicones, sodium silicate for detergents, toothpaste, etc.).
Emerging areas and new opportunities for Piedmontese SMEs
Latin America and North Africa, which represent two of the most promising areas in terms of exports and investment opportunities, will offer new opportunities for Made in Piedmont in the next four years. According to the data contained in SACE's 2018 Export Report, Latin America will record a strong acceleration in 2018 that will have positive results for Italian companies: + 8% growth is expected in Mexico, the first South American market for Italian exports, + 7,3 in Brazil and + 6,8% in Colombia. A good performance is also expected in the North African area, which will be favorably affected by economic reforms in recent years: a growth rate of + 2018% in Egypt and + 4,9% in Tunisia is expected in 3,4.