Alstom and SACE, the Italian Export Credit Agency, signed an export partnership agreement to increase Alstom’s exports from Italy, strengthening the company’s ties with the Italian supply chain.
As part of the Export Boost Framework Agreement, SACE is willing to assess the issuance of guarantees on export credit operations for the benefit of Alstom, according to the group’s overall purchases from Italian suppliers. The aim is to encourage Alstom’s procurement from Italian exporting companies.
In turn, to increase the procurement of Italian companies, Alstom is committed to participate in business matching meetings organised together with SACE, with small and medium-sized enterprises (SMEs) interested in becoming suppliers of the Group.
“The agreement represents an important support for export and internationalisation, as well as for all players who work with us every day to build the future of rail transport,” Michele Viale, the General Manager of Alstom Italia and Alstom Ferroviaria President said.
The export partnership agreement includes two main areas of collaboration. One refers to direct export support for Alstom Italy and the second one includes a strategic partnership to support Alstom’s international projects and exports commensurate with the overall procurement that Alstom Group will carry out in Italy.
The export initiative stems from the experience gained by the company led by Pierfrancesco Latini in supporting Italian exports. “This agreement represents an important strategic element in support of export and internationalisation, facilitating access to financing by the Alstom Group, and thus supporting, directly and indirectly, supplies from Italian companies, particularly SMEs,”Pierfrancesco Latini, the CEO of SACE said.
Alstom owns 10 sites throughout Italy and with more than 3,500 employees and has two centres of excellence in high-speed trains covering the Avelia Pendolino, based on tilting technology and regional single-decker trains such as the Coradia Stream, but also in railway signalling equipment and systems. The Group also uses several Italian suppliers to carry out its projects abroad, with a total procurement in the last 12 months of around EUR 350 million.
Recently, Alstom and the Polish export credit agency signed an agreement to boost exports in Poland.
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