The loan will be used to finance R&D projects in Italy through to 2018 as part of a programme to promote innovative processes in the ceramic and packaging industry.
The operation will enable Laminam to establish a direct presence in Russia and ensure greater proximity to end customers for more effective and rapid distribution.
System has developed a series of patented process systems controlled by management software that create an invaluable archive of information and statistics.
An ultra-modern new facility is already under construction in Morbi for producing large-format ceramic tiles and panels using GEA technology from System.
The Fiorano Modenese-based company specialising in the cutting and squaring of tiles recently installed two new machines which will guarantee higher productivity and efficiency.
The 20 managers of System’s overseas branches met in Fiorano to discuss the group’s growth strategies. Consolidated turnover is expected to rise by 15% in 2015 to reach 440 million euros.