Press Releases and News

Discover what’s new at SACE: the world of exports, the latest news and market scenarios, the trends in Italian industry and the most interesting success stories.


Go to Press Releases and News

Deals & Products SACE - 24 September 2016

With SACE and Banca MPS Plas Mec exports machinery to Iran

SACE (Cassa depositi e prestiti Group) and Banca Monte Paschi di Siena (Banca MPS) have finalized a transaction that will enable the Italian SME Plas Mec to securely export its machinery to Iran. 


Specifically, SACE intervened in concert with Banca MPS in drafting a € 110,000 letter of credit, issued by the Parsian Bank of Iran, to guarantee payment of the supply of a mixer for plastics and other accessories by Plas Mec to a local company in the chemical industry.

“Thanks to the assistance of Banca MPS and SACE, this transaction was greatly facilitated and enabled us to securely collect a credit from a country that, until a few months ago, was considered off limits, although there has always been great interest in our machinery – declared Fernanda Marinello, Chief Financial Officer of Plas Mec – In particular, we remark significant increase in contacts in recent months that offers good future prospects for this market in the medium term.”


Established in 1967 in Varese province, Plas Mec is a leading company in the production of machinery for mixing PVC, plastics, chemical additives, masterbatch, powder coatings, WPC and special materials. It currently exports 95% of its equipment, with more than 5,600 machines sold worldwide and more than 1,700 customers.


This project, among the first concluded on behalf of an Italian SME in Iran since suspension of the sanctions, was made possible by the agreeements that SACE signed with the principal private banks in that country (Parsian Bank, Bank Pasargad and Saman Bank) and confirms the growing interest in a market where especially small and midsize enterprises can find good margins for penetration. With the aim to facilitate the recovery of these activities, SACE has also earmarked € 800 million, through a € 500 million trade finance line and a € 300 million line of credit.  


Would you like more information?
Contact us +39 06.6736.888 [email protected]


Check our up-to-date schedule of meetings, courses, seminars and workshops related to the world of SACE.


Check out all the events

Media Gallery

Videos and photos to keep up-to-date with the latest news from SACE: interviews, presentations and much more besides.

Social Media

Social networks represent a privileged communication channel for SACE to maintain a constant contact with all stakeholders.

We are present on all major social platforms:

X: is our leading communication channel out there where we talk about all of our initiatives, operations with our customers and where we live our events live.

Facebook: On the page, given the vast and heterogeneous audience, we find in depth the stories of Italian companies we support all over the world and our insights on countries and sectors by our economists.

Linkedin: In this platform, which collects a professional audience, we publish all our economic studies and job ads.

Youtube: All our interviews to our customers, our people, our video tutorials from our economists, and success stories find room in our YouTube channel.

Press Kit

Would you like more information?



[email protected]