EKF offered to guarantee Nibulon's loan to purchase equipment from Cimbria Unigrain. This allowed the Ukrainian customer to secure a loan at a far lower interest rate than in Ukraine.
"Nibulon is very pleased that it was possible to arrange a Danish guarantee for this order. We might well have got the order anyway, as Nibulon has ordered from us for many years and is very satisfied with our products.
Nibulon could perhaps have financed the purchase with equity, but it is often cheaper to borrow the money than to use equity, and equity is greatly needed in a growth-oriented company such as Nibulon," says Henning Roslev Bukh.
In 2010, Cimbria Unigrain took yet another order for eight silo facilities – and once again, EKF provided a guarantee for the buyer's payments. Cimbria Unigrain has hired 30 employees solely as a result of the latest order in 2010 from Nibulon for eight silo facilities. The facilities are scheduled for delivery by May 2011.