Banca Monte dei Paschi di Siena in support of the agri-food sector. The Sienese bank has finalized a financing operation for 10 million euro in favor of the Apulian company Molino Casillo SpA, a company active in the flour market, in order to increase working capital and provide concrete support for ongoing investments. The loan was digitally guaranteed by SACE through Garanzia Italia, the instrument of the Liquidity Decree intended to support Italian companies during the Covid-19 health emergency.
The Apulian company produces and distributes a wide range of flour and semolina produced, continuing a tradition that began in 1958. Thanks to the high quality standards of the raw material, respect for the environment and the enhancement of the territory, the flour company has also distinguished itself in international level.
The strategic orientation based on sustainability in an economic, social and environmental sense, from 2019 the company has allowed the company to obtain the certification on the ISCC plus sustainability. The short supply chain, energy savings within the 14 factories and attention to waste are some of the tools used to give substance to its commitment.
"The focus on the south, on the agri-food sector and on sustainable development make this operation a virtuous example of innovative and responsible finance - said Paschal Casillo, President of Casillo Group - which constitutes a qualitative leap compared to the past and a reference for the near future, in which each of us will be called to make decisions of great strategic impact.”
“We are delighted to be back alongside an important industrial reality in the agri-food sector, such as Molino Casillo, because we believe it is essential to give our support to a player in one of the leading Made in Italy sectors – commented Mario Melillo, Head of Mid Corporate Center South of SACE -. With Garanzia Italia, we allow many Italian companies to access the resources necessary to face this particularly complex period, with the aim of making new investments and actively contributing to the recovery of the economy of the South and of the whole country".
Paul Pandolfi, General Manager of the South Territorial Area and Sicily of Mps, instead underlined how the bank has always been close "to the needs of companies in the agri-food sector who manage to effectively combine business and sustainability and who pay particular attention to local resources".
