A €200 million bank funding package has been approved for leading Italian wood-based panels producer Saviola Group to support its investment plans. The financing, outlined in a January press release issued by Banca Finint and Saviola Group, will help fund the rebuilding of the Sustinente particleboard plant in the province of Mantua. Capacity at the factory, currently 250,000m³, is set to expand significantly. The package will also enable the purchase of cutting-edge equipment designed according to ESG criteria. The transaction was structured and arranged by Banca Finint and is guaranteed by SACE. It involves the ...
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