THISTED, DENMARK — Cimbria has developed a new, structured approach to financing solutions that’s tailored to the customer’s specific requirements.
Cimbria Financing, in collaboration with Export Credit Agencies, can help customers with investment plans for turnkey solutions and equipment within industrial processing, handling and storage.
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.
“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,” said Allan Olsen, trade finance manager, Cimbria. “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 Corp., Cimbria also offers financing solutions through AGCO Finance.
“In general, we experience an increasing demand for financial support,” said Thomas Mohr, sales director, Cimbria. “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.”
One of the projects benefiting from Cimbria Financing includes UMEX, a leading port operator and logistics expert in the Romanian Port of Constanta. The project consists of two grain and fertilizer terminals. The grain terminal has 100,000 tonnes of storage capacity across eight separate silos and the fertilizer terminal is a multifunctional warehouse capable of handling and storing up to 66,000 tonnes of bulk fertilizers.
Currently, Cimbria has approximately 20 ongoing projects within financial support.