EximBank is financing Prolyte Group business expansion in Romania
Bucharest, 26 June 2017 – EximBank and Prolyte Products, part of Prolyte Group Netherlands, specializing in manufacturing light aluminum structures for public events continue to develop their partnership, the bank financing the building of a new production facility of the company in Piatra-Olt, Olt County.
The second production facility, opened this week has been finalized during the last year since the opening of the first factory in Piatra Olt – an investment project of 18 Million Lei financed with European funds with EximBank support. The new project is doubling up the production capacity of the company in Piatra Olt and EximBank has financed it with 15.7 Million Lei, both for investments and current activity of the company.
”We were saying last year that our partnership with Prolyte is not a very long one – we have been working together since 2012 – but it is a strong one and we were looking forward to develop it further. Here we are now, officially opening the new production facility and doing exactly that. We succeed in offering the financial resources that a company needs for implementing sustainable projects with internal positive effects for its activity and horizontally by creating new employment opportunities. We are looking forward to other companies feeling encouraged to approach EximBank following the success story of our partnership with Prolyte Group since we are a valuable partner for any type of business – either on small, medium or large scale”, said Traian Halalai, Executive President of EximBank.
The new unit adds up to the previous production facilities of Prolyte Group that is now operating three units, the first one being launched in Slatina. The Prolyte Group factories in Olt County have supplied, for instance, the scenes and metallic sceneries for Eurovision 2014, for important concerts such as the ones of Andre Rieu and Robbie Williams and in Romania for UNTOLD, LIBERTY PARADE, NEVERSEA, RADIO ZU, EUROPA FM LIVE PE PLAJĂ festivals.
Prolyte Group has started operating in 1991, with Prolyte Products BV and in 2003 with SC Lite Structures-Ro SRL in Romania, respectively. Prolyte Group was established in 2010, as a consequence of international consolidation of Prolyte Group BV and Lite Structures Holding. Prolyte Group is one of the biggest manufacturers of aluminum staging, stages and structural aluminum solutions. Prolyte holds a leading position on global market, servicing clients around the world, being headquartered in Leek, Netherlands, having a main warehouse in Germany and production units in Romania.
EximBank is a specialized institution, actively involved in supporting and promoting the Romanian business environment. Its specific financial instruments are exclusively targeted to corporate segment and accessible to any company. During the last years the bank has focused on improving the dynamics of complementary banking services and has developed and consolidated the treasury, cash management, trade finance and factoring portfolio, that is now adding up to the financing, guarantees and insurance offer.