ViganTelestackPort of StocktonCimbriaTOC Europe 2023TBA Group
  • Port of South Louisiana
  • Van Aalst
  • TOC Europe 2023
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Sailors Society
  • Telestack

Cimbria’s ECA collaboration supports growth for customers

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

Guinea’s Winning Logistics bolsters bauxite fleet with Konecranes barge cranes

(Posted on 31/03/23)

Konecranes has won an order for two Konecranes Gottwald Cranes on Barge from Winning Logistics in Guinea... Read more

Wärtsilä’s world-first derating solution for two-stroke engines

(Posted on 31/03/23)

Technology group Wärtsilä has introduced a new radical derating retrofit solution –... Read more

Zanzinger: shipping not capitalising on digitalisation opportunities

(Posted on 31/03/23)

Thomas Zanzinger, CEO of Ocean Technologies Group (OTG), outlined why he thought many maritime businesses... Read more

DNV upgrades AFI platform to promote data-sharing and zero-carbon transition

(Posted on 28/03/23)

DNV has enhanced its Alternative Fuels Insight (AFI) data platform as part of an effort to accelerate... Read more

East African cement operator orders Siwertell road-mobile ship unloader

(Posted on 24/03/23)

Bruks Siwertell has secured an order for a next-generation Siwertell road-mobile ship unloader, which... Read more

Thordon Bearings delivers support to wind power-in-a-box technology

(Posted on 20/03/23)

Thordon Bearings is supplying its grease-free, self-lubricating ThorPlas-Blue bearing material to a... Read more

New Chairman and CEO for BIO-UV Group

(Posted on 20/03/23)

French water treatment specialist BIO-UV Group has appointed Laurent-Emmanuel Migeon as its new Chairman... Read more

Anglo-Eastern enhances fleet performance with Wärtsilä’s CII tool

(Posted on 07/03/23)

With Wärtsilä’s CII Dashboard, Anglo-Eastern is now able to make better informed decisions... Read more

Siwertell ship unloaders for new Chinese power station

(Posted on 07/03/23)

Bruks Siwertell has completed the commissioning of two large-scale Siwertell ST 790-D-type ship unloaders... Read more

Green Ray project to minimise methane slip from LNG-fuelled engines

(Posted on 28/02/23)

A consortium including technology group Wärtsilä has secured European Union funding to develop... Read more

Port of South LouisianaBühler GmbHThe Wolfson Centre for Bulk Solids Handling Technology TOC Europe 2023Sailors SocietyVan Aalst
  • Vigan
  • IMPA Events
  • Bühler GmbH

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping