PRAMAC

PR Industrial operates in the design and manufacture of electric generators and equipment for logistics and handling under the Pramac brand. The Group is made up of 18 companies located in 16 countries. It employs over 650 people and operates globally through 5 production plants, one in Italy (at Casole d’Elsa, Siena) and 4 abroad (Spain, France, China and the USA) overseeing a distribution network of 15 branches.

“When talking about far-away markets which are very different from our own, clearly the approach has always been a little difficult. This is why it is necessary to go out well equipped and well prepared” Nicola Pagliai, CFO of Pramac Group/PR Industrial.

Exporting is an important resource for Italian businesses, but it is also a challenge that is not without risks and requires a good, solid economic-financial base.

PR Industrial firstly insured its supplies of electric generators and forklift trucks in Saudi Arabia through SACE and then transferred the policy to the bank, monetising the insured credits and thereby obtaining €1 million in immediate liquidity.

Through the Supplier Credit policy, businesses can insure their sales abroad against the risk of non-payment and protect their cash flows.

The company can also transfer the benefits of the policy to a bank to discount the underlying credit without recourse.