European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Rail

SACE and Alstom partner to promote exports and procurement of Italian small and medium enterprises

by Marie Weil
April 28, 2022
A A
Share on LinkedinShare on Twitter
  • SACE will support the Alstom Group’s export activities, strengthening its link with the Italian supply chain within the Export Boost Framework Agreement

27 april 2022 – Alstom, a global leader in smart and sustainable mobility, and SACE, the Italian Export Credit Agency, have signed a partnership agreement to increase Alstom’s exports from Italy, and thus strengthen the Group’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.

Furthermore, in order 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 includes two main areas of collaboration:

  • Direct export support for Alstom Italy
  • Strategic partnership to support Alstom’s international projects and Group exports commensurate with the overall procurement that Alstom Group will carry out in Italy

“The partnership with SACE makes us very proud and consolidates Alstom’s role in the Italian industrial and railway domain. A sector that, with the investments of the Recovery and Resilience Plan, is preparing for the energy transition that will give rise to sustainable, green and zero environmental impact mobility.” – Michele Viale, General Manager of Alstom Italia and Alstom Ferroviaria President and CEO

The Export Boost initiative, which sees SACE become a partner of large international groups through the stipulation of a Framework Agreement, stems from the experience gained by the company led by Pierfrancesco Latini in supporting Italian exports.

Deeply rooted in the Italian railway tradition, Alstom in Italy has been manufacturing trains for 160 years, signalling equipment for 90 years and traction systems for 60 years. Today, with 10 sites throughout Italy and more than 3,500 employees, Alstom is a strong local employer recognised as one of the leaders in the Italian market. Alstom in Italy has two centres of excellence in high-speed trains: 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 350 million euro.

“Alstom has global excellence in the transport and rail infrastructure sector, which represents one of the pillars for the global transition to a more sustainable transport model,” said Pierfrancesco Latini, SACE CEO. “We are therefore proud to collaborate with a company of such great international importance and with such deep-rooted relations with the Italian supply chain. 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. We are confident that this agreement will enable our companies to increase their commercial relations with the Group and improve their competitiveness in the world.”  

“The partnership with SACE makes us very proud and consolidates Alstom’s role in the Italian industrial and railway domain. A sector that, with the investments of the Recovery and Resilience Plan, is preparing for the energy transition that will give rise to sustainable, green and zero environmental impact mobility. 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,” explained Michele Viale, General Manager of Alstom Italia and Alstom Ferroviaria President and CEO.

Tags: < Partnership

Related Industries

Rail

Alstom’s Virtual Universe: bringing rail innovation to life in a digital world

March 24, 2023
Rail

Hitachi Rail provides an update on the schedule regarding the acquisition of Thales’s Ground Transportation Systems business

December 10, 2022
Rail

Alstom and Air Products sign a Memorandum of Understanding with an objective to introduce hydrogen trains in the Czech Republic

December 6, 2022
Rail

Hitachi Rail awarded €867 million contract to deliver digital signalling in central and northern Italy

November 24, 2022
Rail

Guillaume Legoupil appointed Managing Director for Alstom in Finland

October 26, 2022
Rail

Alstom and the Government of Hungary have signed a Strategic Cooperation Agreement

October 15, 2022

Schneider Electric investing €40 million in new smart factory in Hungary

March 23, 2023

...

Carrier Makes Donation to the European Food Banks Federation to Help Reduce Food Insecurity in Europe

March 8, 2023

...

Efficient and high-performing vehicle architecture: Cooperation of Continental and Infineon

March 14, 2023

...

Amazon pays millions of euros in corporate tax across Europe

March 8, 2023

...

Decarbonization and reduction of energy consumption: Air Liquide to implement an innovative solution for Verallia

March 17, 2023

...

TotalEnergies Partners with Alimentation Couche-Tard in Belgium and Luxembourg and Sells its Networks in Germany and the Netherlands

March 17, 2023

...

Two Wins for Continental at this Year’s Tire Technology International Awards for Innovation and Excellence

March 23, 2023

...

Voith and Essity develop groundbreaking concept for sustainable paper production

March 24, 2023

...

A new dawn for the magnificent Grand Dame of La Croisette as Carlton Cannes, A Regent Hotel is poised to return

March 11, 2023

...

Harnessing the power of plants to decarbonise our data centres

March 21, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist