Showing posts with the label Export-Import Bank of the U.S. Press Release.
Export-Import Bank Approves Financing for Export of 144 American-Made Bridges to Sub-Saharan Africa Transaction will support jobs in Pennsylvania, Delaware, New Jersey, and several other states Washington, D.C. – The Export-Import Bank of the United States (EXIM) Chairman and President Fred Hochberg announced today in New Castle, Delaware that the Bank will finance the sale of Acrow Corporation of America’s modular steel bridge components to the Road Development Agency in the Republic of Zambia (ROZ). EXIM will guarantee a $73 million commercial loan to facilitate the export of 144 steel bridges. This action is expected to support approximately 200 jobs at Acrow’s manufacturing facility in Milton, Pennsylvania along with thousands more in Delaware, New Jersey and several other states.
Export-Import Bank of the U.S. Press Release on March 20, 2015: Export-Import Bank Small Business Success: Semi-Bulk Systems of Fenton, Mo.
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Export-Import Bank Small Business Success: Semi-Bulk Systems of Fenton, Mo. Washington, D.C. – Semi-Bulk Systems (SBS) is a manufacturer of modular engineered process solutions involving dry ingredient handling and dry and liquid mixing systems for the food, beverage, and paint industries based in Fenton, Mo. As a result of financing support provided by the Export-Import Bank of the U.S. (Ex-Im Bank), the company has witnessed a considerable increase in export sales to global markets. Founded in 1975, the St. Louis area company began utilizing Ex-Im Bank’s export credit insurance , which empowers companies to increase export sales by limiting their risk of buyer nonpayment. The company employs 30 people in Fenton, Mo. “Without Ex-Im support, it would be difficult to pursue opportunities and offer products and services to our international customers around the world,” said Charles S. Alack, CEO and COO. “With Ex-Im support, however, our export sales have grown from 10 perc