Italian lender aids Gruppo Dani with expansion plans

17/04/2019
Italian bank UniCredit has signed a €4 million bond loan for Arzignano-based tannery Gruppo Dani, which will help it fund investments in machinery and its move towards Industry 4.0.

The tannery group announced its investment plan at the end of 2017, when manager Alessandro Maruzzo said a smarter factory would allow them to “check the status of each order at any time and to respond quickly to customer needs”.

Giancarlo Dani, managing director of Dani, commented: "In a period of epochal changes on all markets and in all areas, our Italian tanning industry enjoys the recognition of a world leader for skills, versatility and quality. However, to conquer the most distant markets, it is necessary to provide a service of prompt delivery, cutting and preparation of the skins and therefore we must protect those countries and be present ‘outside the front door of the customers’.

“Only with the export of our products and maintaining the realisation of leather processing entirely in Italy, will we guarantee employment in our district, which is the most important in the world. To succeed it is mandatory to expand.”

The group has operations in Tunisia, Slovenia and Moldova and employs 1,300 people. It reported turnover of around €180 million last year.