SACE and Deutsche Bank announce the finalization of an important financing transaction in support of one of the major contracts won in 2014 by Bottero, the Italian leader in equipment for the production of glass, with the Turkish company Park Cam (Ciner Group), a glass container manufacturing company. Under the transaction, SACE has guaranteed a 46.5 million euro loan granted by Deutsche Bank to Park Cam to support the supply of machineries for the production and processing of glass containers for an integrated beverage industry plant in the Industrialized Zone of Bilecik, in north-western Turkey.A unique case worldwide, Bottero has been world leader for 50 years in all sectors of the glass industry (hollow glass, special equipment, flat, laminated and monolithic glass).
The company operates primarily in foreign markets, which generate 90% of sales, with a commercial presence in Europe, China, South America and North America.
SACE has been serving Bottero since 2003: it has insured its supplies and facilitated the access to credit lines to support its internationalization plans for an overall value exceeding 35 million euro in different emerging markets, like Kazakhstan and Brazil as well as Turkey.
This operation, which utilized the international network and specific know-how of Deutsche Bank, confirms the concrete support the bank lends to Italian companies concerned with exports and internationalization, which, like Bottero, represent Italian excellence.