Italsofa Romania, member of Natuzzi Group, received a grant of EUR 10 million from EximBank for current business activities.
“EximBank respects its full commitment of supporting the business environment and, by concluding this new agreement, continues to consolidate its position as preferred partner for the business elite. We are convinced that the financing will contribute to the sustainable development of the company, with a direct positive impact on micro and macro-economic levels, having in mind that Italsofa is active on one of the few industries that have positively affected the Romanian commercial balance”, said Traian Halalai, Executive President of EximBank, according to a press release.
Italsofa Romania, the second biggest furniture exporter on the local market, owns a 76.000 sqm production facility located in Baia Mare, employing more than 1.200 persons.
The factory produces sofas and the carpentry necessary for building precast parts out of wood being one of the most important greenfield investments in local furniture industry, the total investment value from 2001 up until now overcoming EUR 38 million.