Brazilian expands with Ex-Im help
US Ex-Im Bank has approved a final commitment for a US$2.2mn medium-term guarantee to support the export by Anderson International Corp and Consolidated Baling Machine Co of rubber and petrochemical manufacturing equipment to Brazil. The buyer, Petroflex Industria E Comercio SA in Rio de Janeiro, will use the equipment for plant expansion and technology upgrade. The guaranteed lender is Banco Itau, New York. Petroflex is the primary source of repayment.
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