TSW Industries issues €1 million mini-bond to finance investments

TSW Industries, a company based in San Damiano d’Asti that designs and develops plant and machinery for flexible and rigid packaging of foodstuffs and consumer goods, recently issued a €1 million mini-bond as the first tranche of an issuance programme with a total value of €5 million.

The operation will serve to finance the company’s investment projects aimed at consolidating its position in its reference market while expanding into other markets (cosmetics, beauty care, beverage) and developing new technological solutions for modelling and packaging.

The company has production facilities and sales branches in Italy and abroad and has chalked up tenfold growth in revenue in the space of three years, growing from €2 million in 2015 to €20 million in 2018, 90% of which is generated abroad.