Packaging

ALTOPACK exports pasta packaging machinery to Angola thanks to SACE and SIMEST

Thursday 20. October 2022 - SME based in Lucca supplies packaging machines thanks to SACEs insurance coverage, SACE FCTs credits funds and SIMESTs non-repayable contribution. ALTOPACK has exported state-of-the-art packaging machinery for long and short goods pasta to Angola.

The leading Tuscan SME ALTOPACK, a manufacturer designing automatic packaging systems, has exported state-of-the-art packaging machinery for long and short goods pasta to Angola. The SACE Group contributed with an integrated offer to cover the production and credit risks of the contract for 650 thousand euros, funding credits issued by the foreign buyer thanks to SACE FCT, a SACE Group company specialized in supporting liquidity and business cash flow management. ALTOPACK has also benefited from the Export Grant on Supplier Credit by SIMEST, a totally free non-repayable grant obtained through the resources of the Public Fund 295/73, controlled by the Ministry of Foreign Affairs and International Cooperation. This allowed to fully recover the charges of the SACE FCT discount.