In the summer of 2009 C.F. Nielsen contacted EKF in order to obtain a guarantee to cover a new contract which the company had won in the USA regarding three briquetting presses.
Briquetting presses are used to produce briquettes made from residual products from the wood industry. The briquettes can be used in combined heat and power plants as a substitution for fossil fuel. The buyer, Carolina-Pacific, wanted to buy on credit.
But it was a newly started company and briquetting is a new line of business in the USA, thus, it was a relatively risky transaction for which it was difficult to find bank financing. Furthermore, C. F. Nielsen was not ready to assume the risk alone.