Home / Knowledge / News / Textiles / EFIC helps textile printer manufacturer to expand exports
EFIC helps textile printer manufacturer to expand exports
08
Dec '09
Export Finance and Insurance Corporation(EFIC) has helped Rimslow Global Pty Ltd, a leading manufacturer of digital textile printing machinery, to clinch new export orders at the world's largest exhibition for screen and digital printers.

Located in Hallam in Melbourne's outer south-east, Rimslow exhibited its new Steam-XL high-speed inkjet fabric printing machine at FESPA 2009 in Amsterdam in May. The company achieved sales of the Steam-XL and other machines to customers in Tunisia, India and Brazil.

EFIC, Australia's export credit agency, provided a working capital guarantee of $78,000 to Rimslow's bank, ANZ, to help the company expand its export markets.

EFIC's guarantee, known as EFIC Headway, enables eligible small and medium-sized exporters like Rimslow to access additional working capital from their bank, without requiring further security.

'FESPA 2009 was a major marketing opportunity for Rimslow, but we had to outlay a large amount of capital to develop two machines and transport them to the exhibition,' said George Sebek, Rimslow's managing director.

'The working capital assistance from EFIC and ANZ helped alleviate the strain on our cash flow and enabled us to secure several new export deals,' said Mr Sebek.

'EFIC is delighted to renew its support of Rimslow after providing export finance to the company some 10 years ago,'said Angus Armour, EFIC's managing director. 'Rimslow's success at FESPA 2009 in a tough economic climate is a testimony to their innovative technology.'

'Through EFIC Headway, we work with Australia's leading banks to help SME exporters overcome working capital shortfalls and achieve further international success,' said Mr Armour.

Export Finance and Insurance Corporation

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search