UniCredit boosts Faresin Industries’ growth plans

A 5.5-million-euro financing from the bank with a guarantee from Mediocredito Centrale to support the Breganze company’s investments
 
 Vicenza, 30 June 2021 - Implementing the strong propensity for innovation in order to seize all the opportunities that the new global context can offer, with a view to planned growth.
This is the underlying aim of Faresin Industries Spa, a company operating in the production of mixer wagons for livestock farming, instruments for ration analysis and telescopic handlers for agriculture and construction, which it markets in over 70 countries worldwide, has recently signed an agreement with UniCredit to set up a new 5.5-million-euro facility.
The 6-year loan is guaranteed by Mediocredito Centrale and will support the investments envisaged in the Faresin’s 2021-2026 industrial growth plan. The financial resources will increase production and the number of employees supporting internationalisation and the development of green and digital technologies for products.
Faresin Industries Spa, based in Breganze (VI), was founded in 1973 by the current Chairman of the Board of Directors, Sante Faresin, who now leads the company together with his daughters Silvia (Vice President) and Giulia (Operations Manager). The company, with a team of around 200 people, had a turnover of around 50 million euros in 2020, with an average export share of around 84% of the total, which has led it to establish itself as an increasingly global and integrated brand in which sustainability is the focus of the strategy.
Faresin Industries Spa puts the customer at the centre, 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 foreign branches, creation of a new smart industrial plant with high energy efficiency, product and process innovation are some projects that are part of the “Faresin 100” Industrial Plan.
Luisella Altare, UniCredit’s North East Regional Manager, states: “The dynamism that has always distinguished North East entrepreneurs finds in Faresin Industries an example of excellence in its ability to innovate and compete successfully on global markets. Operations such as this are concrete proof of UniCredit’s willingness to support our companies in reactivating alternative growth paths”.
“We have a business plan that includes investments of EUR 50 million over the next eight years,” explained Chairman Sante Faresin, “to be used mainly in the areas of research and product innovation, industrial processes and structures. Unicredit has shown itself to be a partner sensitive to the issues of production excellence linked to sustainable development, which takes concrete form in the technological innovation “Made in Faresin” where, thanks to the synergy with the academic world, advanced technologies are combined with the functionality required by the market. The result is that we can already offer intelligent machines today that guarantee the measurable profitability of tomorrow’s agriculture and industry. This major funding will allow us to grow, improve and advance, achieving our ambitious product development goals.
It will also allow us to expand rapidly commercially, doubling the number of machines we manufacture and offering an increasingly eco-sustainable range."
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