Aug. 2 – SACE invests in Proma and Proma invests in Brazil. The insurance and financial group active in export credit has secured a loan worth € 8 million disbursed by Cariparma to sustain the Caserta company’s growth in Brazil. The firm specializes in supplies for the automotive industry, has been active since 1980 in Italy and the 1990s on international markets; Proma is a leader shaping steels used in the auto industry, specializing in seats, and is present in 10 countries worldwide, with at least one office in every continent and 16 production sites. In May 2011, the group started the construction of the plant in Serbia (Kragujevac) in partnership with the Magneto Group. A year ago, Proma kicked off its industrial activities in Brazil (Betim) and Mexico (Saltillo), gaining access to developing markets of South and Central America. Expansion programs also provide for the opening of business units in China and Russia next year. The loan guaranteed by SACE and provided by Cariparma will contribute to the construction of a new manufacturing plant in Goiânia, in Pernambuco, located next to that of Fiat Brazil, of which Proma is one of the main suppliers.
