EximBank – the main financial partner of Maschio Gaspardo Romania
Bucharest, October 18, 2017 – EximBank has become the main financial partner for Maschio Gaspardo Romania – the manufacturer of agricultural equipment – the two parties signing a financial agreement of almost 14 Million Euro for current activity and for supporting the investment program of the company in order to reach its business targets.
”Romanian agriculture has a significant development potential but its harnessing as well as increasing the competition in the field requires investments for increasing performances, revitalization of rural areas and new employment facilities. Romanian manufacturers of agricultural machinery are positioning themselves as development figures in the field, bringing on a modern approach on the agricultural processes management so we are delighted that by concluding this financial facility EximBank supports the increase productivity and the modern approach in Romanian agriculture. We do have the experience in managing successful partnerships in agriculture that clearly indicates our capacity of offering to corporate segment a price wise competitive products and services portfolio, highly attractive for the companies looking for business development solutions.”, said Traian Halalai, Executive President of EximBank.
The agricultural equipment manufacturer Maschio Gaspardo Romania, part of the Italian group Maschio Gaspardo, worldwide leader in production of agricultural equipment for cultivating, seeding/planting, harvesting and crops protection owns a production facility in Chişineu-Criş, (Arad) 43 kilometers away from Arad producing various equipment for agrimotors (scarifier tools, disc harrows, cultivating racks, baling presses). Also, Maschio-Gaspardo is distributing in Romania through dealer network, the other equipment produced in the facilities belonging to the Italian group. Company’s clients are big farming facilities, buying machineries for working on large surfaces as well as middle and small farmers.
”We have chosen Romania as a location for our operations since it ensures easy access to key markets in Central and Eastern Europe and we are determined to continue our investments here in order to consolidate our top position on the market. At present, we have a 10 Million Euro on-going project for extending the production facility in Chișineu-Criș with a new production hall of more than 8.600 sqm with the respective specific equipment and tools for producing and assembling the agricultural equipment and we are delighted to find in EximBank the partner that supports our development”, said Mirco Maschio, President of Maschio Gaspardo Group.
About EximBank
EximBank is a specialized institution actively involved in supporting and promoting the Romanian business environment. Its specific financial instruments are exclusively targeted to the corporate segment and may be accessed in advantageous conditions by any type of company, either SME or big company, involved in international transactions or solely active on local market. The companies benefit from a competitive portfolio of treasury, cash management, trade finance and factoring products, that come to add up to the financing and guaranteeing offer. In addition, acting as a state agent on the Romanian market of guarantees and insurance, EximBank is the main channel for the public funds made available by the state to be infused in the real economy. Additional details: www.eximbank.ro
About Maschio Gaspardo
Maschio Gaspardo Romania is part of Maschio Gaspardo Group, established in 1964 at Campodarsego, Italia by Egidio and Giorgio Maschio. The Maschio family is the main shareholder, owning 86% of the company’s capital (the 14% of the shares belonging to the Friulia Finanziaria FVG). The group has now more than 1.800 worldwide , 6 production sites, out of which 3 outside Italy – China, India and Romania, 12 commercial offices (France, Spain, Germany, Poland, Ukraine, Turkey, Russia, North America, China, India, Romania). The turnover reaches almost 300 Million Euro, out of which 80% is exported in 100 countries, the group being the leader in Italy and in top production companies in the world for agricultural equipment. The group is present in Romanian since 2003, having 450 employees in the factory in Chișineu-Criș. Maschio Gaspardo Romania registered turnover in 2016 was 163 Million Lei, 47% higher than in 2015 and double as compared to 2011. Additional details: www.maschio.com