La Sace and the Cdp support Antonio Carraro
Cdp and Sace sign an operation that supports the growth of Antonio Carraro SpA, a company based in Padua among the world leaders and the excellence of Made in Italy in the strategic sector of agricultural machinery and civil maintenance. The loan of 7 million euros, with a duration of 6 years, is disbursed by CDP and guaranteed in the short term by Sace through the Italian Guarantee, the instrument of the liquidity decree intended to support the affected Italian companies. by the emergency of the Covid-19. The new resources will go into the investment plan to consolidate and grow the company in Italy. In fact, in 2020, coinciding with the 110th anniversary of its founding, work on the expansion of production spaces began in Antonio Carraro through the acquisition of an industrial area of about 10,000 square meters adjacent to the historic site. by Campodarsego (Pd).
The company founded its roots in 1910 by Giovanni carraro, father of the current president Antonio. Since the 1970s, the Antonio Carraro brand has been the undisputed leader in registration rankings in Italy and among the first in Europe in the compact tractor segment.
The production is divided into more than 80 models for the specialized agricultural sector (vineyards, orchards and row crops), as well as a series of vehicles for civil maintenance (urban cleaning, road traffic and maintenance of public and sporting green spaces. ). The construction philosophy uses the principles of “lean”, introduced since 1999 by Porsche Consulting. It stands out for its constant innovation and production flexibility: each tractor is “tailor-made”, built on the basis of each customer’s demands. The company exports 65% of its production to 42 countries around the world and has around 500 employees between its headquarters and sales branches in Australia, Spain, France and Turkey.
Marcello Carraro, CEO of Antonio Carraro SpA commented: “We are very satisfied with this operation which will finance the expansion works of the new production departments of our company. The positive and ever-growing trend in sales of our tractors around the world over the past five years has given us the impetus to undertake further investments. Today, our company is structured and more and more projected into the future, with a brand recognized throughout the world for the quality of its products, endowed with sometimes unique innovative solutions. “” This operation confirms CDP’s role alongside Italian companies, such as Antonio Carraro, who know how to stand out in their reference markets, for the constant search for cutting-edge methods and for the strong imprint of tradition and made in Italy in their excellent products – echoes Paul Calcagnini, Deputy Director General of the Cdp -. In addition, the agro-industrial sector in which the company operates represents one of the strategic sectors for our country with positive impacts on the entire local and national economic fabric “.
“Our commitment to support the Made in Italy, and in particular to an excellence that makes constant innovation and the strong specialization of products a distinctive sign, is always at the highest level”, declared Alberto Turchetto, Mid Corporate manager of the North-East of Sace. “We are proud to support in its growth roadmap a brand which over time has become synonymous with Italianity, understood as maximum quality and reliability. Strategic growth for the entire supply chain and for the country’s economic recovery “.