MILAN, Sept. 21 (Class Editori) – Mino, a company active in the construction and design of rolling mills for the aluminium, steel and non-ferrous metals processing, has won tender for the supply of a cold-rolling mill in order to process aluminium to the Greek ElvalHalcor, a supply worth over €20 million.
The plant will be installed in the production site owned by ElvalHalcor in Oinofyta, in the north-east of Athens, in an indoor area of over 174,000 square meters, which achieves an annual production of 300,000 tons of aluminium: it is an advanced industrial plant, managed in compliance with the highest safety and environmental protection standards.
The new Mino's cold rolling mill, which will be among the most advanced in Europe, will allow the Greek customer to increase the production capacity of aluminium cold rolled by over 150,000 tons per year, for final uses which range from beverage cans to transports and energy.
"The acquisition of this important commission represents the fulfilment of a long and successful collaboration which started with the Greek customer about thirty years ago", as Cesare Pettazzi- President and owner of the group- has explained. The group started its activity in 1840 and has been among the first to export its plant also to China in 1973, when it sold a cold rolling mill to Beijing Aluminium. In the Chinese city, which represents one of the main Mino’s markets, the group works through a commercial support and assistance branch in Tianjin.
"Mino's choice for the supply of the new cold mill for the Oynofita plant, which will be among the most advanced in Europe, has been taken at the end of a tough competition with the strongest European companies in the sector. This result confirms not only the level reached by Mino in this kind of technology, but also the validity and attractiveness of a financial offer."
The latter was made possible thanks to the UniCredit and SACE Simest support: they have developed a financial package associated with the commercial offer, which has allowed the Greek customer to extend the payment of a substantial share of the total supply over a period of 5 years. Simest's export contribution to interest on a non-returnable basis has made it possible to further improve the offer, by optimizing the financial costs of the transaction for the Italian company.
Mino boasts 30 years of experience in the design and construction of hot and cold rolling lines for aluminum and copper alloys, with a design and construction site based between the two "historical" plants in Alessandria and Vicenza, with 220 employees worldwide - 155 of which in Italy - and an export share equal to 80% of its turnover.
According to Eurostat data, trade between Italy and Greece amounted at 8.5 billion euros in 2019, an increase by 6.2% compared to 2018, thanks to the growth in both Greek exports to Italy (+5.8%) and made in Italy imports (+6.4%). The trade balance was positive for Italy and amounted at €1.1 billion. In the first three months of 2020, a substantial stability of Greece's imports from Italy was recorded, compared to the same period of 2019 (-0.5%), while exports grew strongly (+16.7%).
(Source:Class Editori)
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