Sace assured the Apulian company Avantgarde the supply, for 950 thousand euros, of a railway tamping machine intended for the renewal of the Nacala railway corridor, on the north coast of Mozambique.
Avantgarde is a SME which operates in the railway operating machinery sector and is based in the municipality of Giovinazzo, in the province of Bari. With this operation, the Apulian company acquires an important order in Mozambique for the renewal of a strategic railway line for the country which connects the commercial port of Nacala with Malawi.
"Sace has represented in recent years a valid partner that has allowed us to offer financial solutions to our customers, at competitive costs, effectively eliminating the credit risk" said Vincenzo Dagostino, sole director of Avantgarde. "We are very pleased to be able to announce this an operation that marks an important step in the development of the company and we thank SACE for the trust placed in Avantgarde and its international development plans. SACE and Avantgarde have been able to collaborate and dialogue to find concrete solutions to offer to our foreign customer Somague Engenharia SA. We have managed to create a system in the belief that the realities that express important entrepreneurial values are able to successfully face turbulent periods such as the one that has just ended" .
“We confirm our commitment alongside the SMEs of southern Italy, said Mauro Pasqualucci, Head of Sace's Bari office. Avantgarde represents the courage of small Italian companies which, with a partner like SACE, an expert on international markets, are able to export across borders, even to risky countries".
