Coveme SpA

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 presence 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 settlement 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:

completing all necessary paperwork;
providing the necessary documentation for the establishment of the company 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 ongoing assistance towards the client company even in the post-establishment stages, through administrative and legal support activities.

Results Obtained

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

Coveme India Engineered Films Pvt. Ltd. has been established in Aurangabad (state of Maharashtra).
Today, the company is followed by Octagona in relation to administrative, legal and corporate activities and Octagona now stands as a real point of reference for COVEME's business in India

Customer Feedback

Amedeo Maccolini, CFO Amedeo Maccolini, CFO Coveme, commented: commented as follows:

"The role played by Octagona was crucial to the achievement of our goals: the start-up of the new company would have been impossible without the assistance of a team that was experienced, helpful, flexible and physically present in the field.

This was a strategic transaction: India is a very important market for the PV business, in which we are a world leader, and Coveme India will prospectively offer not only the opportunity to consolidate a market in which we are already present as exporters, but also to approach alternative markets to PV."