From the bank 5.5 million euro loan with guarantee intervention from Mediocredito Centrale to support the Breganzese company’s investments
Vicenza, June 30, 2021 – Further implement the already strong propensity for innovation to seize all the opportunities that the new global environment can offer, with a view to planned growth.
With this underlying objective, Faresin Industries Spa, a company operating in the production of mixer wagons for animal husbandry, ration analysis instruments and telescopic handlers for agriculture and construction that it markets in more than 70 countries around the world, signed an agreement with UniCredit in recent days to structure a new 5.5 million euro credit line.
The 6-year loan is backed by a guarantee from Mediocredito Centrale and will go to support investments included in the Vicenza-based company’s 2021 – 2026 industrial growth development plan. The financial resources, thus made available, will be used to strengthen production and staffing, giving support to internationalization and the development of green and digital technologies for products.
Faresin Industries Spa, a company headquartered in Breganze (VI) was founded in 1973 by current CDA Chairman Sante Faresin, who today leads together with his daughters Silvia (Vice Chairman) and Giulia (Operations Manager). The company, with a team of about 200 people, ended 2020 with a turnover that stands at 50 million euros, with an average export share of about 84 percent of the total, leading it to establish itself as an increasingly global and integrated brand in which sustainability is the backbone of the strategy.
Faresin Industries Spa puts the customer at the center, with solutions that promote animal welfare on the one hand and a better work-life balance for farmers and handling operators on the other. Digital transformation, expansion of overseas branches, creation of a new energy-efficient smart industrial hub, product and process innovation are some of the projects that are part of the Faresin 100 Business Plan.
States Luisella Altare, UniCredit Northeast Regional Manager, “The dynamism that has always distinguished northeastern entrepreneurship finds in Faresin Industries an example of excellence in its ability to innovate and compete successfully in global markets. Transactions like this are concrete proof of UniCredit’s willingness to support our companies in reactivating new growth paths.”
“We have an industrial plan that calls for investments of 50 million euros over the next eight years,” explains President Sante Faresin, “to be used mainly in the areas of research and product innovation, industrial processes and facilities. Unicredit has shown itself to be a partner sensitive to the issues of production excellence linked to sustainable development, which is embodied in technological innovation “Made in Faresin” where, thanks to the synergy with the academic world, advanced technologies are merged with the functionalities required by the market. With the result that, already today, intelligent machines are being proposed to ensure the measurable profitability of tomorrow’s agriculture and industry. This important funding will enable us to grow, improve and advance, achieving our ambitious product development goals. It will also enable rapid commercial expansion, doubling the number of machines made and offering an increasingly environmentally sustainable range.”
