Cimbria’s ECA collaboration supports growth for customers
(Posted on 06/02/23)
Cimbria’s strategic focus on financing solutions is supporting development for customers and creating a competitive edge. The collaboration with national Export Credit Agencies (ECAs) enables Cimbria to help customers realize their investment plans for both turnkey solutions and single equipment within industrial processing, handling, and storage, which are becoming more relevant in unsettled times.
Purchasing new equipment and solutions for processing, handling, and storage of grain and seed, as well as coffee, animal feed, foodstuffs and other bulk products is a big investment, and some companies and organizations may require assistance with funding.
With its constant focus on customer needs, Cimbria has developed a new, structured approach to financing solutions that’s tailored to the customer’s specific requirements. Cimbria Financing is a key service offer and an important part of the company’s customer focused sales strategy:
“With an ever-changing market situation, financing big investments can be extra challenging. Investments in projects and equipment to secure food supply are crucial, and the realization of them depends on the possibility of finding suitable financing,” explains Allan Olsen, Trade Finance Manager, Cimbria. He continues: “Our financing solutions are tailored for the customer’s specific business requirements and often offer lower costs and better conditions than what is locally available from banks and financing institutes. Our down-payment requirements are also attractive. Furthermore, an easy and fast decision process and generally low documentation requirements make up the customer’s most important advantages.”
Cimbria bases its financing solutions on a collaboration with national Export Credit Agencies (ECAs), whose main purpose is to secure and develop national jobs through funding of promising projects and solutions. As a part of AGCO Corporation, Cimbria also offers financing solutions through AGCO Finance.
“In general, we experience an increasing demand for financial support. In these unsettled times with high inflation and unstable economic development, customers must be able to achieve low-risk financing that enable investments in new equipment or even in complete plants to grow their business,” explains Thomas Mohr, Sales Director, Cimbria.
One of the projects benefitting from Cimbria Financing includes UMEX, a leading port operator and logistics expert in the Romanian Port of Constanta, which is one of the most important and traffic-heavy transhipment hubs for the Greater Black Sea region. The project consists of two grain and fertilizer terminals. The grain terminal has 100,000 tons of storage capacity across eight separate silos and the fertilizer terminal is a multifunctional warehouse capable of handling and storing up to 66,000 tons of bulk fertilizers.
“We identified three main benefits in choosing financing from an ECA via Cimbria compared to other financing solutions. First, we were offered a longer availability and repayment period. Second, we were offered coverage from any commercial and political risks up to 95 percent of the loan. And third, the financing solution had reasonable premium costs,” explains Cristian Taranu, General Manager at UMEX.
Currently, Cimbria has approximately 20 ongoing projects within financial support.
“Understanding how and when to contribute with relevant solutions to a customer’s business challenge is crucial to Cimbria, and in some cases the combination of technical expertise and financial support is key,” says Thomas Mohr.
Latest News
Inmarsat and Maritime London establish SEA-CARE working group
(Posted on 10/01/25)Inmarsat Maritime, a Viasat company, supported by Maritime London, have established SEA-CARE as a new... Read more
Chowgule partners with LR to develop first-ever ESG report and strategy
(Posted on 07/01/25)Chowgule & Co., a leading shipbuilding and engineering conglomerate in India, is partnering with... Read more
Martin Engineering opens new business unit in Kazakhstan
(Posted on 17/12/24)A world leader in bulk handling solutions, Martin Engineering, has announced fresh expansion in Central... Read more
Zelim appoints USCG SAR expert for North American expansion
(Posted on 17/12/24)Edinburgh-headquartered maritime safety innovator Zelim has appointed a former Commander of the United... Read more
Telestack secures prestigious Mibau Stema aggregates handling contract
(Posted on 11/12/24)Telestack has announced a significant new contract with Mibau Stema, secured in collaboration with long... Read more
Deployment of Starlink/VSAT Hybrid connectivity on 58 Vroon vessels completed
(Posted on 11/12/24)KVH Industries, Inc. has announced that, together with international shipping leader Vroon, they have... Read more
Damen advances sustainable dockings with shore power from Elma Systems
(Posted on 04/12/24)Damen Shiprepair Oranjewerf is giving a green boost to ship repair, maintenance, conversion and refit... Read more
Superior’s TeleStacker Conveyor automation gets major upgrade
(Posted on 29/11/24)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
Superior opens new manufacturing facility in Minnesota
(Posted on 20/11/24)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
Low-friction coatings set to improve RightShip GHG rating
(Posted on 20/11/24)RightShips’ EVDI methodology is familiar to most drybulk ship owners, with chartering customers... Read more
