Home » From Intesa Sanpaolo 10 million loan to the “Ferrari Giovanni” dairy industry

From Intesa Sanpaolo 10 million loan to the “Ferrari Giovanni” dairy industry

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From Intesa Sanpaolo 10 million loan to the “Ferrari Giovanni” dairy industry

Intesa Sanpaolo has completed a loan of 10 million with a 90% Sace guarantee, for investments in sustainability projects, in favor of the Ferrari Giovanni company, specialized in the production, selection, maturing and packaging of cheeses. The financing will have to contribute to consolidating the 2024/2026 investment plan which amounts to over 16 million in total.

In particular, the plan serves to improve the environmental sustainability of the product, investing in research and packaging plants for the use of 100% recyclable and, where possible, recycled packaging. «The loan granted to us by Intesa Sanpaolo with Sace guarantee will help us support a cycle of investments aimed at optimizing the capacity and production efficiency of Ferrari Giovanni for sustainable growth. We thank the Agribusiness Management for being at our side on the path towards greater environmental and economic sustainability, which is at the center of Ferrari’s corporate strategy. Innovation, recyclable packaging, reduction of consumption are the objectives of the plan that this financing will help to implement” declared Carlo Gendarini, administrative and financial director of Ferrari Giovanni Industria Casearia.

Carlo Gendarini, Administrative and Financial Director of Ferrari Giovanni Industria Casearia

Massimiliano Cattozzi, head of the Intesa Sanpaolo Agribusiness Department, underlined that «accompanying the investments of a company like Ferrari Giovanni Industria Casearia confirms the determination of our national network dedicated to the agri-food sector, to be alongside companies that invest in advanced solutions to face the transition towards ever greater environmental and service sustainability. A commitment to circular economy projects demonstrated by the over 150 million euros disbursed, with this specific purpose, by the Agribusiness Directorate in 2023, to Italian agri-food companies”.

Federica Carotti, Senior Relationship Manager North West at Sace, declared: «As Sace we are proud to support Ferrari Giovanni Industria Casearia, a symbol of Made in Italy quality for over two centuries. In addition to representing the importance of tradition, the company demonstrates the need to innovate every day through an ambitious project of strategic importance, structured with investments in the production site and sustainability. This operation further strengthens the synergy with Intesa Sanpaolo and consolidates our role as promoters of the development of the Lombardy company and more generally of all Italian companies.”

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