The agreement enables CDP to support Maire Tecnimont's supply chain with tools and solutions to promote innovation, growth and international expansion, thus accelerating its current efforts to foster Italian SMEs

• For Maire Tecnimont, the accord helps improve its value chain by strengthening relations with strategic suppliers, driving a vision of integrated performance of the entire supply chain, thus increasing the competitiveness and capability to innovate of all companies involved in Italy’s plant engineering export sector

Rome, 16 October 2020 - Cassa Depositi e Prestiti and Maire Tecnimont, a global leader in plant engineering with advanced technological and execution capabilities, yesterday signed a memorandum of understanding aiming at encouraging the growth and development plans of strategic suppliers of the Italian group by giving them  access the financial products and services of the CDP Group. The agreement was signed by Fabrizio Palermo, CEO of CDP and Pierroberto Folgiero, CEO of Maire Tecnimont.

Maire Tecnimont is a multinational engineering and contracting group in the natural resources sector, active both in gas transformation and in the field of green chemistry and technologies to support the energy transition. The Group is present in 45 countries with 50 companies, with over 9,100 employees and collaborators and boasts annual revenues of 3.3 billion euros.

For Maire Tecnimont, value creation increasingly involves the entire supply chain, composed of more than 5,000 Italian and foreign companies. The Group has always been committed to ensuring the solidity and flexibility of its supply chain, one of the key factors of competitiveness in foreign markets thanks to the technological excellence of the numerous Italian SMEs contributing to Maire Tecnimont’s projects.

CDP, in line with the 2019-2021 Business Plan, has identified some of the main national strategic supply chains with a significant impact on the development of our country's competitiveness, launching specific initiatives - such as this agreement in the field of engineering for the transformation of natural resources - which intend to support companies belonging to these strategic sectors. CDP’s support for Maire Tecnimont’s supply chain will focus on creating financial solutions to support Maire Tecnimont's strategic suppliers through working capital management tools and medium-long term financing, as well as through the wide range of services made available by CDP.

With this agreement, therefore, the Group further strengthens its support for its Italian suppliers, namely the strategic ones given their high technological content and potential. The agreement entails activities to facilitate access to credit, support internationalization processes, as well as to strengthen training activities to foster innovation. In particular, the growth and development plan for Italian suppliers developed by Maire Tecnimont ("Maire Tecnimont UP - In support of SMEs") envisages coaching and training activities aimed at areas such as co-engineering, product and process innovation, project management, credit management, digitalization, and the finalization of strategic partnerships in foreign markets.

Fabrizio Palermo, CEO of Cassa Depositi e Prestiti, commented: "Thanks to the agreement signed yesterday, we will be able to activate important synergies to support Maire Tecnimont’s investments and competitiveness, guaranteeing access to the financial products and services of CDP Group and offering concrete sustain to Italian engineering, innovation and energy supply chain companies. We believe to be of great importance to continue supporting Italian strategic supply chains which represent a significant part of the industrial and technological heritage of our country, as well as a demonstration of the excellence of the Made in Italy in the world, with important repercussions on the Italian economy even for ancillary industries".

Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer commented: "In Italy we have outstanding competences in the natural resources transformation industry: yesterday with Cassa Depositi e Prestiti we are taking another decisive step forward to support them abroad, equipping them with tools to strengthen and adapt to those geographies where it is crucial to synergize with local players, a fundamental driver of competitiveness. Our plant engineering sector must know how to combine the Italian supply chain with local content in an ever-winning model, so to confirm the great Italian ability to export entrepreneurship around the world".

Cassa Depositi e Prestiti is the National Promotional Institute which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets.

Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, is at the head of an international industrial group leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution competences). Through its subsidiary NextChem it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, numbering around 50 operative companies and a workforce of approximately 6,100 employees, along with approximately 3,000 professionals in the electro-instrumental division. For more information:

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