The operation aims to support the company’s investment program, a leader in natural refrigerant climate control solutions, to increase its production capacity and establish new lines at its facilities in Meldola and Piove di Sacco.
January 13, 2025 – Emicon A.C. Spa (Enex Technologies) has issued a €3 million mini-bond subscribed equally by UniCredit and Mediocredito Centrale.
This issuance is part of the Basket Bond initiative “Made in Italy,” a program launched by UniCredit and Mediocredito Centrale aimed at mobilizing resources to support investments by small and medium-sized enterprises and Mid Cap companies active in the strategic sectors of the Italian economy. This is also supported by the intervention of the Fund for Guarantee for SMEs, managed by MCC on behalf of the Ministry of Enterprises and Made in Italy.
The bond, with a duration of 6 years, represents an important element supporting an investment program aimed at increasing the company’s production capacity, particularly in establishing new lines at the facilities in Meldola (Forlì-Cesena), where its headquarters is located, and in Piove di Sacco (Padua). At full capacity, an increase in dedicated personnel (up to 25%) is estimated, and in line with the corporate ESG Plan targets, it will contribute to the reduction of emissions from its customers through the use of innovative solutions provided by the company, such as transitioning from chemical refrigerants to natural refrigerants.
Founded in 1984 in Emilia-Romagna, Emicon has been a pioneer in the design and production of cooling, heating, refrigeration, and dehumidification systems that use natural refrigerants (Propane) and low GWP refrigerants for industrial plants, technical areas, commercial, and residential buildings. Today, Emicon is a brand of the Enex Technologies family, the only European player in Climate Tech specializing in high-energy-efficiency solutions that utilize all natural refrigerants (CO2, Propane, Ammonia, and H2O).
François Audo, CEO of Enex Technologies, states: “We are extremely pleased with the issuance of this mini-bond, which represents an important step forward in Emicon’s growth plan. This investment will allow us to significantly expand our production capacity, consolidating our position as a leader in natural refrigerant climate control solutions. The support from UniCredit and MCC confirms the validity of our sustainable business model and the confidence in Emicon and Enex Technologies’ potential to contribute to the energy transition in a sector that, according to Eurostat, is responsible for 40% of energy consumption and 36% of greenhouse gas emissions in Europe.”
Andrea Burchi, Regional Manager of Centro Nord UniCredit, comments: “This operation is an example of how UniCredit can concretely support local businesses. We do this by providing innovative solutions that respond to the needs of the country’s production system. With the Basket Bond Made in Italy, we help Italian SMEs access the capital market quickly and conveniently, allowing investors to reduce credit risk and companies to achieve their goals under better conditions than those of the market. In this way, we facilitate the realization of investments by small and medium-sized enterprises, promoting growth and development.”
Piero Ferettini, Commercial Manager of Mediocredito Centrale, states: “As Mediocredito Centrale, we are focusing heavily on innovative finance solutions and instruments like the Basket Bond ‘Made in Italy’ which, partly thanks to the coverage of the Guarantee Fund, contribute concretely to the sustainable development of production entities in the country that invest in the future, creating long-term value for the economic system and the community. For this reason, we are pleased to support Emicon in its growth and innovation journey, especially for the particular attention it pays to the adoption of technologically advanced sustainable solutions.”