Coveme S.p.A. | Octagona Srl
Octagona Ltd./Coveme S.p.A.

Coveme S.p.A.

Coveme S.p.A.

The client company

Coveme SpA is engaged in the production and marketing of plastic films and electrical insulators and the processing of polyester films. Coveme is the leading company in the photovoltaic industry. Following are the objectives of the project:

  • Activate a direct presidium in India;
  • Reinforce its position in a market of enormous potential such as India (to which it already exports);
  • Consolidate its presence in the entire Asian market;
  • Better support their clients by offering them constant support through the establishment of the new company;
  • To best manage the establishment process, receiving operational, legal, corporate and administrative assistance in India, including following incorporation.

Strategy and action

Octagona, with support from Octagona India, managed the entire process in relation to the Coveme project:

  • Carrying out all the bureaucratic proceduresnecessary;
  • predicting the documentation for the opening of the company in order to ensure its full operation;
  • supporting the opening of the checking account and performing coordination with the bank;
  • dealing with registration of licenses;
  • providing constant operational support;
  • providing continuous assistance to the client company even in the post-establishment stages through administrative and legal support activities.

The results obtained

The project was successfully completed and the client company was able to:

  • Coveme India Engineered Films Pvt. Ltd. hasbeen activated in Aurangabad (State of Maharashtra).
  • Today the company is overseen by Octagona in relation to administrative, legal and corporate activities and Octagona now stands as a true point of reference for COVEME's business in India

Customer feedback

Amedeo MaccoliniCFO Coveme's, commented as follows:

The role played by Octagona has been fundamental in achieving our goals: the start-up of the new company would have been impossible without the assistance of an experienced, helpful, flexible team physically present in the field.

This was a strategic transaction: India represents a market of great importance for the PV business, in which we are the world leader, and Coveme India will offer in prospect not only the opportunity to consolidate a market in which we are already present as exporters, but also to approach alternative markets to PV.’

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