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GREAT DEAL: Cesce to support the Alstom's export green projects activities

GREAT DEAL: Cesce to support the Alstom's export green projects activities
photo: Alstom/GREAT DEAL: Cesce to support the Alstom's export green projects activities
13 / 10 / 2022

Cesce, the Spanish Export Credit Agency, and Alstom, a global leader in smart and sustainable mobility, have signed a strategic agreement to promote exports in green projects. The agreement also seeks to strengthen and consolidate the Spanish railway industry, in which Alstom is a key player with more than 3,000 employees in Spain and with a local procurement volume of nearly €700 million in the last fiscal year.

The alliance was formalized on October 11th, at Cesce's headquarters during a ceremony led by Fernando Salazar, Executive Chairman of Cesce, Leopoldo Maestu, Managing Director of Alstom in Spain and Portugal, and Anneli Carlot, Alstom Vice President Treasury and Financing, in the presence of Elisabeth Richard, Alstom Project & Export Finance Director, will allow Alstom to structure the financing of its foreign operations more flexibly in terms of purchasing decisions and supplier designation. The agreement provides for an overall annual maximum of €500 million and will be reviewed every year, depending on the evolution of employment levels, investment, and exports of Alstom Group companies in Spain.

The agreement scope focuses on green operations, in line with Cesce's climate change policy, the importance of promoting sustainable mobility initiatives, and the need to boost digitalization and sector transformation for a decarbonized future.

By signing this agreement, which strengthens the links and collaboration between the two entities, Cesce has begun to materialize alliances with strategic companies with a significant industrial presence in Spain. In this way, it promotes internationalization, exporting, employment, and the implementation of sustainable projects, supporting its objective of growth in green sectors to fight against climate change.

Alstom has a long history of innovation and commitment to the Spanish economic and industrial development, being a major player in the mobility sector in the country. The company employs more than 3,000 people in Spain, within 5 industrial centers, and 4 technology centers and it is present in more than twenty depots. Among others, Alstom has an industrial plant in Barcelona dedicated to the manufacture of all types of trains, a propulsion systems factory in Vizcaya, and, in Madrid, different technological and innovation centers for the development of projects in the fields of railway safety, signaling, maintenance, and digital mobility.


Source: Alstom Press Releases