(Finance) – The Ministry of Economic Development authorized a subsidized loan of 7.5 million euros to the Calearo Antenne company with factories in Isola Vicentina in Veneto, one of the European leaders in the production of antennas and components for the automotive market and for other high-tech sectors. It is – explains Mise in a note – an intervention carried out thanks to GID Fund, tool for the relaunch of large companies introduced by minister Giancarlo Giorgetti with art. 37 of the support decree and managed on behalf of the Mise by Invitalia.
With this intervention, the Venetian company aims on the one hand at entering new markets (nautical, railway, military and aerospace) and at growth in other non-European countries, in particular United States And Middle and Far Eastand on the other hand to a strengthening of automation for the efficiency of logistic and production processes, as well as to the strengthening of the research center.
The development plan presented by the Calearo Antenne company it will allow, in addition to safeguarding existing employment, to increase the number of staff by 20%. “In the automotive components supply chain, Calearo Antenne is a company that has made the excellence of its highly technological products a trademark appreciated all over the world – he declares Giorgetti -. Mise supports investments that aim to strengthen the presence of Italian companies on the markets, supporting them both in the challenge of the transition towards more sustainable mobility and in the development of new production models “.