A small Yorkshire-based company has won a multi-million dollar contract to supply and commission a soya bean processing plant in south eastern Kazakhstan with help from the Export Credits Guarantee Department (ECGD), the UK’s official export credit agency.
Insurance facilities from ECGD have opened the doorway into the central Asian country for the small oilseed processing equipment manufacturer Europa Crown Ltd (ECL). ECGD is providing a six-year export credit guarantee on a bank loan from Deutsche Bank to cover the payment risk involved in the US$3.5 million (Ј1.95m) contract won by ECL, which is based in Hessle, east Yorkshire.
Mike O’Brien, Minister for Trade, said: “This deal is excellent news for both Europa Crown Limited and ECGD. It is the first contract that ECL has clinched in Kazakhstan.
“I hope that with ECGD support ECL goes on to win further significant contracts like this one.”
