The Rana Pastificio will knead with 10 million of state money
All the details on the development agreement worth a total of 78 million euros signed between the Ministry of Business and Pastificio Rana
Almost 10 million euros of non-repayable state money to the Rana pasta factory. This is one of the salient aspects of the agreement signed at the Ministry of Business and Made in Italy which provides that Pastificio Rana will be the beneficiary of over 9.6 million euros in non-repayable subsidies as part of a 78-year development agreement million euros. The Piedmont Region will also participate in the agreement with a contribution of 350 thousand euros, we read in a note from the department headed by Adolfo Urso (Brothers of Italy).
RANA PASTA FACTORY: ALMOST 1 BILLION IN TURNOVER IN 2020
The pasta factory Rana is a company from San Giovanni Lupatoto (Verona), founded by Giovanni Rana and active since 28 March 1962. Over the years the company has opened eight factories, employs more than 1600 people and is the main producer of fresh filled pasta in Europe and in the United States of America. 2020, thanks to the limitations imposed by the Covid19 pandemic, was a record year for the Venetian company, whose turnover exceeded 900 million euros, almost touching one billion. In 2022, however, it stopped "only" at 600 million euros.
WHAT IS A DEVELOPMENT AGREEMENT
The development agreement is a procedure that applies to large programs (those involving eligible investments of at least 50 million euros) and which are of particular strategic importance. The development agreement is the main facilitative instrument dedicated to supporting large strategic and innovative productive investment programs. This tool provides that the subjects involved can enjoy a preferential lane for resources, a reduction in time and greater involvement of the administrations involved.
If an increase in employment is expected following the implementation of the development program, the companies involved must try to hire as a priority the recipients of income support interventions, the unemployed following collective dismissal procedures and the workers of companies involved in roundtables of crises active at the Ministry of Business and Made in Italy .
WHAT IS THE DEVELOPMENT AGREEMENT BETWEEN THE MINISTRY OF URSO AND PASTIFICIO RANA
The agreement provides for the implementation of a development program industrialist who wants to increase the production capacity of the Venetian company that markets in 52 countries. The objective of the development program is to satisfy the increased demand on the market for the Group's flagship products such as pasta, sauces and ready meals. The program will also allow the strengthening of the Group on foreign markets.
DEVELOPMENT AGREEMENT BETWEEN PASTIFICIO RANA AND MIMIT: THE INITIATIVE OF STRATEGICAL RELEVANCE FOR PIEDMONT, LOMBARDY AND VENETO
The development agreement signed with the Ministry of Business and Made in Italy is an initiative of strategic importance for Piedmont, Lombardy and Veneto. The factories of Moretta (Cuneo), Gaggiano (Milan) and San Giovanni Lupatoto are involved in the development program, with the creation of ancillary and functional works for the expansion, and the transfer to the Moretta factory of the production of ready meals previously held in Belgium.
THE INCREASE IN EMPLOYMENT: THE DEVELOPMENT AGREEMENT PROVIDES FOR AN INCREASE OF 96 EMPLOYEES IN THE RANA PASTA FACTORY
The signing of the agreement provides for an increase in employment of 96 employees. The impact on the production chain should be around 180 million euros. The growth of the factories should have positive repercussions on the suppliers of packaging and production technology and on the suppliers of raw materials (vegetables, cheeses, flours, meats and cured meats) which, in the case of Pastificio Rana, account for over 80% small and medium-sized businesses.
THE LATEST DEVELOPMENT AGREEMENTS
Over the past year, several development agreements have been signed and planned. Minister Urso approved, for example, the signing of an innovation agreement for the development of fuel cell material with Solvay Specialty Polymers Italy . The project will be carried out at the Spinetta Marengo (AL) plant and involves a total investment of 12,370,000 euros for which the Ministry of Business and Made in Italy makes available over 2,791,350.00 euros of financing in the form of contribution to the expense. Lombardy and Piedmont also participate in the agreement, sharing over 370,000 euros. The signature of a program agreement with TEA TEK SpA (former Whirlpool site in Naples) is expected by 31 January 2024.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/10-milioni-pastificio-rana/ on Wed, 06 Dec 2023 14:11:08 +0000.