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Cimbria’s financing solutions supporting growth for customers
“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
ABOUT A/S CIMBRIA
Cimbria is at the forefront of industrial processing, handling, and storage of cereals and seeds, as well as animal feed, food, and other bulk products. Cimbria works closely with their customers to design, manufacture, install, and service customized solutions, individual machines, and complete turnkey systems. Cimbria is a global brand owned by AGCO Group.
ABOUT AGCO: 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.
AGCO is a major force in the design, manufacture, and distribution of agricultural machinery and precision ag technology.
“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% 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 Mohr.
AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI®, Massey Ferguson®, Precision Planting®, and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.1 billion in 2021.