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€ 1 million in Juncker plan resources activated by the Cdp Group for the international growth of Gambini
Lucca, 24 August 2016 – SACE (Cassa depositi e prestiti Group) and Credito Valtellinese (Creval) have finalized a € 1 million credit line to support the innovation and international growth of the Lucca-based firm Gambini, an SME specialized in the design, construction and installation of machinery for converting tissue paper in rolls for the consumer and professional channels.
This is a new initiative of the “2i per l’Impresa” program of Cdp, SACE and EIF (EIB Group) that provides Italian SMEs with resources from the Juncker Plan to support internationalization and innovation.
The loan – issued by Creval, guaranteed by SACE and counter-guaranteed by EIF* – will enable the company to invest in R&D and patents to renew its machinery and improve the efficiency of its production processes, with an eye to expanding in foreign markets (Europe, China and the United States) through innovation.
Gambini S.p.A. is an Italian company leader in the production of machinery for converting tissue paper, focused on the R&D of innovative technology to obtain the highest level of flexibility and performance throughout the production process, ensuring the excellent quality of the finished product. It offers a complete range of lines and machinery for both the consumer and professional sectors recognized in the market for their advanced technology, flexibility and high performance.
*This financing is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investment (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
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