Emicon A.C. Spa Secures €3 Million Mini-Bond for Production Expansion

The bond, with a six-year duration, will fund Emicon's efforts to expand production capacity and establish new production lines at its facilities in Meldola (Forlì-Cesena) and Piove di Sacco (Padua). The initiative is expected to increase staff levels by up to 25% and further the company’s ESG goals by providing solutions to reduce customer emissions through the transition to natural refrigerants.

Founded in 1984 in Emilia-Romagna, Emicon specializes in designing cooling, heating, and dehumidification systems using natural and low-GWP refrigerants. As part of Enex Technologies, it contributes to climate tech innovations across Europe, offering high-energy-efficiency solutions using CO2, propane, ammonia, and water.

Mini-Bond to Accelerate Sustainable Growth

The issuance aligns with the objectives of the Basket Bond Made in Italy initiative, which benefits from the Guarantee Fund for SMEs managed by MCC on behalf of the Ministry of Enterprises and Made in Italy. The program provides Italian SMEs and Mid Caps with access to capital markets under competitive conditions to facilitate growth and innovation.

François Audo, CEO of Enex Technologies, highlighted the importance of the investment, stating:
"This mini-bond represents an important step forward in Emicon's growth plan. It 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 our potential to contribute to the energy transition."

Financial Institutions Highlight the Initiative’s Impact

Andrea Burchi, Regional Manager of Centro Nord UniCredit, emphasized the operational benefits of the Basket Bond program:
"This operation exemplifies how UniCredit supports local businesses with innovative solutions that meet the needs of the production system. With the Basket Bond Made in Italy, we help SMEs access the capital market quickly and efficiently, enabling investment under favorable conditions."

Piero Ferettini, Commercial Manager of MCC, added:
"The Basket Bond ‘Made in Italy’ contributes concretely to the sustainable development of enterprises, creating long-term value for the economy and community. We are pleased to support Emicon in its growth and innovation journey, particularly for its focus on advanced sustainable solutions."

The bond issuance is a key milestone for Emicon as it strengthens its role in advancing environmentally friendly climate control technologies while contributing to Italy’s industrial development.