Possibilities for the machine business
We frequently mediate bank financing for our customers with banks that are associated with us. In the event of banks declining financing we take on the financing instead, as we are in a position to assess the overall risk of the business due to our industrial skill.
Around half of our machinery business is made possible through our financing. Financing is in high demand particularly in South America and Asia. Where supplier's credits are concerned we finance primarily in Euros, US dollars, but occasionally also in Yen, i.e. with significantly better interest rates compared to the respective local currency. We operate a rigorous management of receivables that doesn't stop with reminders, but also comprises financial restructuring and debt conversion right down to the re-sale of unpaid and retracted machinery in isolated instances.