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Ex-Im Bank Business Development Staff for Brazil Ms. Xiomara Creque Additional Contacts U.S. Commercial Service - Belo Horizonte U.S. Commercial Service – Brasilia U.S. Commercial Service - Rio de Janeiro U.S. Commercial Service - São Paulo |
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Ex-Im Bank Success Stories in Brazil
In February 2006, Phillips Medical Systems Export, Inc. of Pembroke Pines, Florida secured a medium-term insurance policy from Ex-Im Bank to cover financing exposure for the export of medical equipment to a Brazilian clinic. RNS Centro de Tomografia Computadorizada Ltda., located in Belo Horizonte, will buy $0.5 million of computed tomography equipment from Philips Medical Systems of Cleveland, Ohio.
In a transaction approved in November 2005, Houston-based Vinmar Overseas, Ltd. provided $991,942 in Ex-Im Bank guaranteed loans to TSL-Engenharia, Manutencão e Preservacão Ambiental Ltda. of Sao Paulo, Brazil for the purchase of soil-processing equipment. The seller is Monosep Corporation, a Louisiana company of 35 employees. TSL will use the desorption system to complete a company contract with Petrobras to clean soil contaminated with waste oil. Monosep designs, engineers, and manufactures water treatment process equipment for the oil and gas industry.
In January 2006, Print Laser Service Ltda of Sao Paulo secured financing in the amount of $291,931 from UPS Capital Business Credit for the purchase of used printing equipment from MEB Systems, Inc. of Tampa, Florida. The transaction was made possible through an Ex-Im Bank medium-term guarantee. MEB is a small wholesaler and retailer of office equipment specializing in mailing machines and mail processing equipment.
In February 2006, MAG & Associados Impressores Digitais Ltda., Sao Paulo, obtained financing for the purchase of new printing machinery from a pair of U.S. producers. VUTEk, Inc. of Foster City, California and Miller Weldmaster Corporation of Navarre, Ohio supplied equipment to help their Brazilian buyer expand capacity. UPS Capital Business Credit extended $502,507 in financing supported by an Ex-Im Bank guarantee.
Through an Ex-Im Bank insurance policy, Phillips Medical Systems Export, Inc. of Pembroke Pines, Florida was able to finance the sale of medical diagnostic equipment to Hospital de Caridade of Santa Maria, Rio Grande do Sul. The U.S. supplier is Phillips Medical Systems of Cleveland, Ohio. The $561,540 transaction was approved in November 2005, and includes credit for installation of the equipment under Ex-Im Bank’s Medical Equipment Initiative.
Westlake Chemical Styrene LP of Houston, Texas was able to expand sales to an existing customer through an Ex-Im Bank short-term single buyer insurance policy. Videolar, S.A., of Barueri, a manufacturer producing plastics for the audio, video, and computer industries, required credit terms before making additional purchases. The one-year policy, authorized in November 2005, will enable Westlake to ship up to $22,000,000 of material to its buyer, representing a nearly five-fold increase in sales to a single customer.
In January 2006, Hemisphere National Bank (HNB) obtained comprehensive risk coverage from Ex-Im Bank in the amount of $3,492,543 to cover purchases of its borrower, GDK Engenharia S. A., of Salvador Bahia. GDK chose American Augers, Inc. of West Salem, Ohio to supply oil and drilling equipment as it taps U.S. sources for its expanding business. American Augers is the world’s leading manufacturer of extreme-duty auger boring machines and directional drills.
Last Updated: April 20, 2007
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