Italy’s export credit agency Sace has guaranteed a €400,000 line of credit for Montalbano Recycling, which specialises in the treatment and recycling of waste material.
The loan, which is issued by Iccrea BancaImpresa and Banca Don Rizzo Credito Cooperativo della Sicilia Occidentale, will go toward the cost of plant and machinery renewal for expansion plans in Europe, the US, Mexico and Gulf countries.
This is the first project under the “2i per l’Impresa Program”, which is a programme launched to make resources from the Juncker Plan available to small medium enterprises (SMEs) in Italy.
The Junker Plan, which was adopted by the European Parliament last year, aims to guarantee European Investment Bank (EIB) projects that are riskier and more innovative.
Based in Carini, Montalbano Recycling was established 10 years ago. The company has successfully established itself in international markets which currently account for 80% of its revenues.