# Cherry Bank provides EUR 5M loan to O.R.V. Manufacturing for new line

Cherry Bank granted a EUR 5 million loan to O.R.V. Manufacturing Italia S.p.A. to build a new high-efficiency production line for non-woven fabric and polyester wadding in Padua, Italy. The loan is part of the Cherry ESG circle program with Sace Green guarantee.

- Type: Investment
- Announced: 2025-01-21
- Where: Padua, Italy
- Value: $5.20M (5.00M EUR)
- Status: announced
- Products: non-woven fabric, polyester wadding
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [O.R.V. Manufacturing Italia](https://endata.com/companies/82450.md)
- [Cherry Bank](https://endata.com/companies/82451.md) (investor)
- [Peruzzo Productions](https://endata.com/companies/82452.md) (partner)

## Sources

- [venetoeconomia.it](https://www.venetoeconomia.it/2025/01/cherry-bank-finanzia-la-padovana-o-r-v-manufacturing-5-milioni-per-una-linea-produttiva-sostenibile/), 2025-01-21: "Il finanziamento a O.R.V. Manufacturing SpA rappresenta un esempio concreto del nostro impegno nel favorire la transizione sostenibile delle imprese."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.