Finest invests 5 million in PMP Industries' expansion plan

(ANSA) - COSEANO, 21 MAR - Finest, the financial institution supporting the internationalization of businesses in Northeast Italy, has finalized a €5 million investment to support the global expansion plan of PMP Industries, a company based in Coseano (Udine) specializing in integrated transmission systems for industrial machinery.
    The investment consists of a €2 million minority stake in the foreign subsidiary Pmp Drive Systems Laktaši and a €3 million directloanh with an eight-year duration. The funding will specifically support the construction of a new foundry specializing in cast iron components in the Republika Srpska region of Bosnia and Herzegovina. This facility will enhance the Group's competitiveness in international markets. Additionally, the Group's workforce is expected to grow from 1,000 employees to 1,600 by 2028, including 800 at the Coseano headquarters.
    "We are regionalizing our operations into two macro areas: Europe-America and Asia (including China and India), each served by independent production chains capable of adapting to rapid geopolitical changes," explained PMP Industries' founder and president, Luigino Pozzo.
    "The Bosnia and Herzegovina foundry, a €30 million investment covering 92,000 square meters, allows our European plants to shorten supply chains and secure components previously sourced from the Far East." PMP Industries closed 2024 with revenues exceeding €140 million and aims to reach €300 million in revenue by 2028. (ANSA).