EXPORT-IMPORT BANK IF WASHINGTON
PRESS RELEASE I PRESS RELEASE
October 16, 1947
JPLR IMMEDIATE RELEASE, CCTCBER 16, 1947
Within the framework of the understandings reached in January 1947
earmarking $100 million for the restoration and expansion of foreign trade,
the Board of Directors of the Export-Import Bank have approved the
establishment in favor of Istituto Mrbiliare Italian©, an Italian public
credit institution, of four lines of credit:
a) $3,210,000 for 9 medium-sized chemical concerns?
b) $1,410,000 for 5 medium-sized rubber concernsj
c) $8,030,000 for 14 electro-mechanical concerns;
d) $19,350,000 for 32 medium-sized metallurgical concerns.
A list of the firms which will benefit from the approved credits
! under each of the above sectors is attached.
The present lines of credit approved by the Bank supplement those
previously extended to large Italian concerns in the same four industrial
sectors. Medium and small-sized firms play a very important role in the
economy of Italy and in her foreign trade relations. Among the medium-
sized industrial concerns to benefit from the credits just approved by
the Bank are many manufacturers well-known both in Italy and abroad for
the quality of their products. A substantial number of these medium-
sized firms suffered little war damage and were early in starting the
resumption of their foreign trade relations; large foreign orders are to be - 2 -
met by such firms in the next two years.
The credits approved by the Board are designed to permit these
I 60 medium-sized concerns to purchase equipment and materials in the
United States so as to enable them to fill their foreign orders and at
the same time to assist in supplying the Italian market with their
products.
Attachment
J1X09/700 iJ";. **9 ATTACHMENT m CHEMICAL SECTOR: Total Credits Approved: $3.210.000
Names of beneficiary firms
Solvay & C. Soc. In Ace. Sempl. - Rossignano - (Livorno)
Industrie Chimiche Minio Murano Barbini - Venezia -
Carlo Erba S. p. A. - Milano
Soc. Elettrica ed Elettrochimica del Caffaro - Milano
Fabbriche Riunite Amido Glucosio Destrina S. A, - Milano
;SDC. Ital. della Celluloide - Castiglione Olona -
S. A. Ledoga - Milano
Bombrini Parodi Delfino - Roma
Istituto Naz. Medico Farmacologico Serono - Roma -
2, RUBBER SECTlR: Total Credits Approved: Jl.AlO.OOO
Names of beneficiary firms
Michelin Italiana (S.A.M.I.) - Torino
Superga S.p.A. Fabbriche Riunite Industria Gomma - Torino -
Soc. del Linoleum S.p.A. - Milano
A.G.A. Articoli Gomma Affini Soc. a R.L. - Milano -
S.A.P.S.A. - Soc. Applicazioni Plastiche SALPA Affini S.p.A. - Sesto S. Giovanni -
3. ELECTRC-MECHANICAL SECTOR: Total Credits Approved $8.030.000
Names of beneficiary firms
Ducati Soc, Sc. Radio Brevetti Ducati S.p.A. - Milano -
Compagnia Generale di Elettricita, Milano
Fabbrica It. Magneti Marelli S.p.A. - Milano
SAFAR Soc. An. Fabbr. Aparecchi RadiofJ - Milano - - 2 -
3. ELECTRo-MECHANICAL SECTOR (Continued ) Ercole Marelli S.p.A. - Milano - Autelco Mediterranea SATAPSA - Milano - Magrini S.A. - Bergamo - S.A. Microtecnica - Torino - Ind. Naz. Cavi Elettrici 1NCET - Torino - CEAT S.p.A. - Roma - ICEF Ind, Condutt. Elettr. Fiorentina S.p.A. - Sesto Fiorentino - SICE - Conduttori Elettrici S.p.A. - LIvorno - FICE - Fabbr. It. Condutt. Elettrici S.p.A. - Napoli - Fongaro Conduttori Elettrici S.p.A. - Milano 4. METALLURGICAL AND MECHANICAL SECTlR: Total Credits Approved $19.000.000 Names of beneficiary firms La Magona d'ltalia-S.p.A. - Firenze - Nazionale "Cogne" S.p.A. - Torino Societa Italiana Ernesto Breda, Milano S.A.V.A. Soc. Alluminio Veneto Anonima - Venezia - A Tonolli & C. - Milano - Lancia S.p.A. - Torino - Alfa-Romeo - S.p.A. - Milano Fabbrica Automobili Isotta Fraschini S.p.A. - Milano - CM. - S.p.A. - Brescia Aereonautica Macchi - S.p.A. - Milano , Soc. Naz, kfficine di Savigliano - Torino - - 3 - 4. METALLURGICAL AND MECHANICAL 'SECTiR (Continued) S.A.B.I.E.M.-S.A. Bolognese Ind, Elettro Meccaniche e Fonderie Parenti-Bologna - (.TIS, Ascensori e Montacarichi Soc, An. It. - Napoli - Lombardini, Fabbrica Italiana Motori - S.p.A. - Reggio Em. Soc, Galileo S.A. - Firenze Ing. C. tlivetti & C, S.p.A. - Ivrea - San Giorgio, S.I.p.A., Genova - Sestri Nebiolo S.p.A. - Torino - Fabbrica It, Lime di Precisione - F.I.L.P. - Torino - F.lli Borletti S.p.A. - Milano Caproni Elettr. Saronno S.A. (CEMSA) - Milano - "Reggiane" Off. Mecc. Ital. S.A. - Reggio Emilia - F.lli Marzoli & C. - Palazzolo sull'tglio - RIV - tfficine di Villar Perosa - Torino - S.p.A. Piaggio & C. - Genova Innocenti - Soc. Gen. Ind. Metallurgica e Meccanica S.p.A. - Roma Cantieri del Tirreno - Genova Cantiere Havale Breda S.p.A. - Venezia - Lfficine del Moncenisio - Torino - Franco Tosi S.p.A. - Milano Cantieri Mavali Riuniti - Genova - Compagnia Italiana Westinghouse - Torino