Having EKF in our corner leverages our export potential – and makes the bank feel more at ease.
The Danish company kk-group manufactures control systems for wind turbines. In 2009 wind energy in China took a giant leap forward, and kk-group established a joint venture with a state-owned Chinese company.
The following year, this translated into an order to one of China’s major wind turbine manufacturers, Haizhuang. The order was for 200 wind turbine control systems. However, the order presented kk-group with a problem.
"It was an exceptionally large order and though we are a most creditworthy company, we simply needed liquidity to manufacture the order within a short period. As we were not ready to manufacture the order in China in collaboration with the Chinese partner, the long transport time to China would cause an additional delay before the order would be paid for," says Johnny Haahr, CFO, kk-group.