The Baglioni Group, a leading Piedmontese company that manufactures and sells carbon steel and stainless steel tanks and pressure vessels, is to build a new factory in China, strengthening its operations and its presence on the Asian market.
The operation was made possible thanks also to the public contribution provided by the Venture Capital Fundal (FVC), an instrument managed by SIMEST (Italian company for businesses abroad) in agreement with the Ministry of Foreign Affairs and International Cooperation.
In particular, in the case of the Baglioni Group, the VC Fund and SIMEST jointly invested 1.7 million in the capital of the Chinese subsidiary of Baglioni, providing the Piedmontese Group with the resources necessary for the expansion of production.
The FVC is a tool that accompanies the direct investment by SIMEST in the internationalisation projects of Italian companies, making them more affordable.
The operation was made possible thanks also to the public contribution provided by the