9.9 million euro deal to expand a tile factory in Ukraine by the Emilian company - a global leader in industrial plant engineering
Rome, 2 February 2021. A 9.9-million-euro order to expand an industrial plant in the ceramic sector in Ukraine, supplied by a major Italian company, a global leader in industrial plant engineering. This is the deal recently finalised by SACE, UniCredit, and SACMI in favour of Epicentr K, a Ukrainian company active in the wholesale and retail distribution of DIY products, furniture, and household items.
The export credit was granted by UniCredit, with a SACE guarantee, to the Ukrainian counterpart for the purchase of the new production line built by SACMI that will enable the expansion and increase in production capacity of Epicentr Ceramic Corporation’s plants, located in the city of Kalynivka, from 6 to 9 million square metres per year.
“The success of this project”, said SACMI Imola Chairman, Paolo Mongardi, “is a source of pride for our company. Firstly, the supply includes the innovative Continua+ technology that makes us the world leader in solutions for producing large ceramic slabs - the ones most valued and appreciated by the market. Secondly, because it represents an effective example of Italy's ability to 'work as a system', teaming up the best industrial, institutional and financial resources”.
SACMI was founded in Imola in 1919 and has become a world leader in industrial plant engineering, supplying machines, technologies and complete systems for the ceramics, rigid packaging, chocolate and advanced materials sectors. The Group has about 80 production, distribution and service companies, operating in 30 countries with over 4,650 employees.
Over the last four years, Italian exports of goods to Ukraine have grown at an average rate of 18%. Italy has fruitful trade relations with Kiev and in 2019 Italian companies achieved a turnover of around €1.8 billion in the Ukrainian territory. Although a contraction in sales is expected in 2020 (-4.1% in the first eleven months of the year compared to the same period of the previous year), exports to Ukraine should restart in 2021 with growth rates of around 13% and will be driven, among others, by the sale of instrumental mechanics (+12.5%).