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.
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