Unicredit and Bottero, a group that designs and manufactures both flat and hollow glass processing machinery, and entire production lines for laminate and float sheets, have signed a agreement for support companies in the glass processing chain.
The agreement provides for the granting of a credit ceiling, made available by Unicredit Factoring, for the benefit of Bottero's suppliers, who, through the U-Factor Confirming, will be able to support their active cycle more easily and take advantage of advantageous economic conditions, benefiting from the creditworthiness of the buyer. Furthermore, Bottero joined the we.trade exchange management platform, developed by a pool of international banks, including Unicredit being the only Italian one.
Simone del Guerra, CEO of Unicredit Factoring, stated: “the signing of these agreements constitutes a concrete step in the direction of the digitalization of processes linked to the management of the supply chain, it makes supply and payment cycles stable, allowing continuous access to credit based on a fundamental asset such as that of the strategic relationship between suppliers and customers ".
For Marco Tecchio, CEO of Bottero, “with this initiative we intend to offer a important support for our partner companies to tackle the Covid-19 emergency. This is a concrete action, aimed at ensuring the continuity of their cash flows in this particularly critical moment and supporting the recovery. Together with Unicredit we want to be even closer to our suppliers, to support them so that the essential operational continuity is guaranteed in the emergency phase we are experiencing and to provide the basics of the relaunch".
Source: Adnkronos
