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SACE S.p.A. Provides Coverage to Acron Group under Equipment Supply Contract

As part of Acron Group’s efforts to streamline its financing structure for purchasing technological equipment in 2010, the Italian Export Credit Agency SACE S.p.A has provided coverage under a contract executed between Acron Group and DIEMME S.p.A. (Italy) providing for payment in instalments over seven years for the equipment supplied from Italy.

Based on its successful prior experience, Acron Group intends to further cooperate with SACE S.p.A. in order to strengthen and expand trade relations with Italian hi-tech equipment manufacturers.

Currently Acron Group is implementing a large-scale investment programme, under which it will import equipment for approximately US $300 million from the EU, Japan and the U.S. to upgrade its existing facilities and build new production facilities. These purchases are funded by long-term financing covered by export credit agencies.