Under officially supported export credit programs, SACE, an Italian Export Credit Agency specializes in providing export credit guarantees and insurances for buyers credit, suppliers credit and structured and project finance to help companies developing foreign business and investments through insurance cover. SACE has provided an €8mn guarantee to an Italian textile manufacturer, Maglital.
Maglital based in Trevi (Perugia), manufactures most of the products it sells in-house. The company sells made in Italy accessories and clothing under the brand Cruciani, is planning a €21mn international expansion, opening 20 stores and 100 franchising points worldwide, particularly focusing on the Chinese and Turkish markets.
The company’s stores are already present in the UAE, the US, Japan, South Korea, Spain and other European markets.
Banca Monte dei Paschi di Siena is disbursing €3mn of the total guaranteed by Sace. The other financing tranche is also provided by a bank, but its name remains confidential for the time being.
Additional financial support is being provided by Simest, which is also part of the Cassa Depositi e Prestiti group like Sace. Simest bought a 26% stake, worth €7mn, in Maglital’s mother company Gruppo Finac, owned by the Caprai family.
TJX Companies has decided to remove natural fur from its collections, including angora, which comes from rabbits, and mohair, which…
The government of Bangladesh has introduced a detailed and multi-level plan to increase jute production and improve its quality.
Eastman introduced Naia™ Lyte, a new cellulose acetate filament yarn, at the Intertextile Shanghai Apparel Fabrics Spring/Summer 2026 exhibition.
Ecco, Spinnova have introduced the Ecco BIOM 720 shoe. This product is unique as it uses leather by-products that are…
Xefco has deployed its Ausora system, marking the first time a waterless plasma textile dyeing machine has been deployed at…
trinamiX is helping manufacturers, recyclers, sorters, and brands improve material identification through its mobile near-infrared spectroscopy technology.