Banco BPM still focus on agri-food sector. In recent days, the bank led by Giuseppe Castagna has finalized a loan transaction for a total of 40 million euros in favor of Inalca Spa, the operational sub-holding of the Cremonini Group. With a 2021 turnover of 2,38 billion euros, 8.000 employees, 26 production plants (of which 8 abroad), 54 distribution platforms worldwide and 9 farms, the Modena-based company operates in the beef production and marketing sector and cured meats, as well as in the international distribution of food products in general.
The five-year loan is intended to give a further boost to Inalca's growth based on technological innovation in the context of green and circular economy policies, to be achieved through investments in the following areas: precision animal husbandry, recovery of production, renewable energies (photovoltaic systems and biomethane production in controlled farms), cogeneration for energy efficiency, sustainable process of integration of the supply chain. Specifically, the operation will allow the substantial reduction of total greenhouse gas emissions by Inalca. Already today the company is totally self-sufficient for its energy production, with a percentage of renewable energy used equal to 45% and constantly growing, the bank explains in a note.
Banco BPM: Inalca's commitment and the business model
Corrado Nangeroni, Head of Large Corporate at Banco BPM, underlined Inalca's commitment that "in almost 60 years of activity, thanks to innovative technologies and a strategy strongly oriented towards sustainability, it has known how to impose itself for the quality of its products, becoming the absolute leader in Italy and one of the main operators in the sector in Europe”.
The CEO of Inalca, Paul Boni, explained the company's business model which "aims to fully exploit this supply chain on the basis of the principles of the circular economy. Now, thanks to the financial support of Banco BPM, we will be able to invest more in the production of energy from renewable sources, accelerating the transition from biogas to biomethane, in line with the provisions of the European REPowerEu plan which has the objective of reaching 15% all gas requirements covered by biomethane”.
