SACE (Cassa depositi e prestiti Group), Iccrea BancaImpresa (the corporate bank of the ICCREA Credito Cooperativo – Banking Group) and Banca Don Rizzo Credito Cooperativo della Sicilia Occidentale have finalized a € 400,000 line of credit to support the innovation and international growth of the Sicilian firm Montalbano Recycling, an SME specialized in technology for the treatment and recycling of waste materials.
This is the first initiative under the “2i per l’Impresa" program of Cdp, SACE and EIF (EIB Group), which provides Italian SMEs the resources of the Juncker Plan to support their internationalization and innovation.
The loan, guaranteed by SACE, counterguaranteed by EIF* and issued by Iccrea BancaImpresa and Banca Don Rizzo Credito Cooperativo della Sicilia Occidentale, will in fact sustain the cost of renewing machinery and plant for the company's expansion in Europe, the United States, Mexico and the Gulf countries.
Montalbano Recycling is a company based in Carini (PA) with a decade of experience in the design and construction of technological, eco-friendly plants for the disposal, recycling and recovery of waste and other materials. The personalized products and services, the high quality of the machinery, and the constant customer care have established the company's presence in the international markets, which account for 80% of its revenues (with total sales of € 2.5 million in 2015), through a steadily-growing worldwide network of partners.
*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.