Financing customer projects opportunities from Niro
Project financing services are available to GEA Niro customers to purchase industrial processing plants. GEA Niro has proven, over many years, to be able to gain access to funds and/or guarantees, making it possible for the customer to implement even very large projects.
Financing experts within GEA Niro have a widespread network of contacts and associations with banks as well as bilateral and multilateral financial institutions across the world.
World Bank and Regional Development Banks
In the developing countries, where the World Bank and its regional development banks are operating, the Danish Government can offer special loan programs to commercial projects.
Fellowship Programme
Through its ‘Fellowship Program’, DANIDA offers grants for scholarships to GEA Niro customers and partners in connection with the implementation of new technologies in developing countries.
Export and Project Finance
Export financing has long been accepted as a great door opener, allowing projects to be explored and fulfilled which otherwise would not be undertaken. This is especially true in areas where access to large amounts of capital is not as easy as other parts of the world.
The ability of GEA Niro to offer Export Financing is a parameter with increasing importance, especially for large and ‘turnkey’ projects, but also for customers who wish to purchase individual pieces of equipment.
GEA Niro, as part of the GEA Group of companies, presents many advantages to customers due to GEA Niro’s position as a truly global technology provider. Today, representatives can be found in over 50 countries across the world.
Global Advantage
Today, there are still substantial differences between the official export credit systems within the OECD. For example, prices can vary for export credit guarantees and wiliness to take on credit risk on various countries, banks and corporations. GEA Niro’s global positioning means that finance may be obtained outside the customer’s own country, resulting on the best possible terms for the customer through GEA Niro’s banks and export credit agencies.
Emerging Markets
Export Finance makes it possible for GEA Niro to offer long-running export credits to customers of capital goods in markets where the local situations do not permit the same conditions. These conditions might include, for example, lack of liquidity in the banking system, central bank regulations or local legislation requires investments above a certain level should be financed through the supplier.
Even though it might appear more risky for banks in the developed countries to lend to undercapitalized banks and companies in the developing countries, most operate in local markets where there is a lot of very hard competition, meaning that they also look outside of their own countries to expand their lending activity.
Niro, GEA Group and Export Finance
GEA Niro and other GEA Group companies employ specialist whose job it is to structure and establish the best possible financial solutions for the customer and, at the same time, minimize the risks involved in export sales.
Highly experienced and qualified staff can offer many opportunities to customer:
- conduct negotiations with one or more banks with a specialized knowledge of the customer’s country
- liaise with export credit agencies to obtain the best guarantee terms
- negotiate with investment funds and insurance companies
- arrange financing terms with the customer and their bank
- assist with writing letter of credit and guarantees and of the financial articles of the contract.
When is the best time to Contact Export and Project Finance?
In short, it is never too early to contact the specialists at GEA Niro to discuss the financial possibilities with a customer’s country.
For more information, please contact:
Jesper Duckert
Project Finance Manager
GEA Niro
Part of the GEA Group
Tel.: (+45) 39 54 53 49
E-mail: jd@niro.dk