Port of StocktonBühler GmbHViganCimbriaPort of South LouisianaTMS Awards 2023
  • TMS Awards 2023
  • Cimbria
  • Sailors Society
  • Telestack
  • Port of Stockton
  • Port of South Louisiana

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

ClassNK awards AiP for Mitsui methanol fuel supply system

(Posted on 15/04/24)

ClassNK has awarded an approval in principle (AiP) for a methanol fuel supply system developed by Mitsui... Read more


Bühler launches fully automatic bagging station with Premier Tech

(Posted on 15/04/24)

Swiss technology group Bühler, in partnership with leading Canadian packaging equipment manufacturer... Read more


Groke unveils new situational awareness tool for ship managers

(Posted on 15/04/24)

Groke Technologies, the Finnish technology company behind the Groke Pro Situational Awareness System... Read more


Pacific Basin leads dry bulk’s adoption of graphene-based coating

(Posted on 29/03/24)

In a proactive move towards energy efficiency and environmental sustainability, Pacific Basin, one of... Read more


ClassNK grants endorsement to two MOL initiatives

(Posted on 29/03/24)

ClassNK has granted its Innovation Endorsements for Products & Solutions*1 to two initiatives by... Read more


Marcor Stevedoring receives new LHM 800

(Posted on 25/03/24)

Contributing to a greener bulk industry. And no Diesel engine is needed. The LHM 800 will do its work... Read more


Need for new safety rules for methanol fuelled vessels revealed

(Posted on 25/03/24)

A new fire safety study by global Survival Technology solutions provider Survitec has revealed that... Read more


Cargill shares outcome of first wind-powered ocean vessel’s maiden voyage

(Posted on 18/03/24)

Cargill has revealed exciting results of the six-month test period of the Pyxis Ocean, underscoring... Read more


Alfa Laval fluidic air lubrication system secures first MoU with Korean shipyard

(Posted on 15/03/24)

Alfa Laval has collaborated with a Korean shipbuilding company by signing the first Memorandum of Understanding... Read more


Fuelink platform provides one-stop shop for bunker data management

(Posted on 15/03/24)

Fuelink, a maritime technology provider has launched its new digital platform providing a one-stop shop... Read more


Sailors SocietyVan AalstGeneva DryTBA GroupTelestack
  • TBA Group
  • Vigan
  • Van Aalst
  • Geneva Dry

Subscribe to our newsletter

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