Cheeses

Supply chain contracts, 43 million for Trentingrana

From Masaf 19 million in non-repayable funds, while 16 million will be financed by Bcc Banca Iccrea and Cdp together with Bcc Veneta; 8 million from co-financing by companies

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

The 14 Trentino dairies belonging to the Trentingrana Consortium will be able to benefit from a supply chain contract for 43 million Euro. In fact, Bcc Banca Iccrea and Cassa Depositi e Prestiti, together with Bcc Veneta, have financed a new supply chain contract for 19 million, with the aim of enhancing and marketing dairy products, in particular Trentingrana cheese. To these are added non-repayable contributions granted by Masaf for a further 19 million. The remaining 8 million were financed by the associated companies with their own funds.

The operation, also promoted by Confcooperative is called'Trentingrana: the taste of quality and sustainability', and is valid on the Vth Call for Sector and District Contracts, managed by the Ministry of Agriculture, Food Sovereignty and Forestry (Masaf).

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The resources of the contract will be allocated to a supply chain that includes - in addition to the lead company of Trentingrana, Concast - 24 other beneficiaries in order to carry out investments dedicated to the purchase of new tools and the improvement of the facilities in which Trentingrana is produced, with a particular focus on energy saving and decarbonisation.

In addition to this supply chain contract, Bcc Banca Iccrea provided Concast with a loan worth EUR 3 million in the form of a revolving pledge (with the dairy product as a guarantee for the operation, thanks also to Csqa certification) in order to allow cheese maturing and support working capital.

"With this operation, the Bcc Iccrea Group continues to support agriculture and people working in the agrifood sector. This happens thanks to our deep expertise in this particular sector, which allows us to be at the forefront in fostering the development of the companies involved in the various projects," commented Carlo Napoleoni, head of the Enterprise Division of the Bcc Iccrea Group.

"The operation with Trentingrana represents for Bcc Veneta a concrete investment in a supply chain that best embodies the values of cooperation: quality, territoriality and shared growth," pointed out Renato Zampieri, the bank's deputy general manager. "Supporting the leading consortium on the basis of provincial volumes of milk conferred means contributing to the development of a production community that cherishes tradition, expertise and identity. Trentingrana is a virtuous model of local economy, capable of generating a significant impact on the communities that we also oversee with our Rovereto branch. This collaboration reinforces our commitment to supporting realities that know how to innovate while remaining faithful to their roots'.

According to Marco Ramelli, director of the Consortium of Trentino Social Dairies, 'also thanks to the support and experience of the Bcc Iccrea Group, the Consortium is realising a strategic investment for the future of our supply chain.

"Support for the agri-food sector is fundamental for preserving and enhancing Italian excellence. Financing the Trentingrana chain represents a concrete step in this direction: investing in quality and sustainability means strengthening a sector that is a symbol of our tradition and deserves to be promoted with initiatives that ensure its competitiveness and international recognition," said Alessia Valentinetti, Head of Facilitated Financial Instruments at Cdp.

The Consorzio dei Caseifici Sociali Trentini (Con.Ca.s.t. Trentingrana) is a second degree consortium that brings together Trentino cooperative dairies for the commercialisation of typical cheeses produced by them (in particular Trentingrana and other cheese and dairy product lines). It was set up in 1951 to give collective strength to Trentino social dairies, promoting local products, improving cheese sales and guaranteeing economic sustainability for farmers. in 2024 it reached a production value of over 65 million euro, registering a 3.4% increase compared to 2023. Currently, the 14 member dairiesrepresent more than 600 farms, which in 2024 delivered approximately 118 thousand tonnes of milk, covering 75% of the total production in the Province of Trento, an increase of 2% compared to the previous year.

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