none
none

EFIC helps Aussie company boost exports to Asia

07-04-2010
by 
in 

Export Finance and Insurance Corporation (EFIC), the Australian government’s export credit agency, is helping SA’s South State Food & Beverage Pty Ltd (South State) to access additional working capital for new export opportunities in China and Taiwan.

The Adelaide-based manufacturer of “ready to drink” alcoholic beverages and food products already exports its products, including its flagship DNA Alcoholic Spring Water, around the world.

EFIC provided a working capital guarantee to Westpac, enabling the bank to lend additional funds to South State to help the company finance increases in the cost of packaging for markets in China and Taiwan.

EFIC’s guarantee, known as EFIC Headway, enables small and medium-sized exporters like South State to access additional working capital from their bank.

“It’s great to receive orders for our beverages in China and Taiwan, but it also means extra packaging and labelling costs for these markets, said Stephen Williams, managing director of South State.

“The additional funds available through EFIC Headway have helped us seize these new export opportunities and build on our existing Asian customer base in Japan, Korea and Singapore,” he said.

South State manufactures its brands in Adelaide, and under licence in Melbourne and Sydney as well as in the US, Europe and Asia.

Export Finance and Insurance Corporation
Ph: 02 9201 2276 

www.efic.gov.au

Related news & editorials

  1. Martin Chappell
    03.11.2017
    03.11.2017
    by      In
    With Australia’s manufacturing industry strengthening, leaders and heads of IT are weighing up which new technologies they should implement to gain a competitive edge. Martin Chappell from Motorola Solutions explains how a simpler and more focused use of data can be the best approach.
    Australia’s... Read More
  2. Sahara Force India F1
    29.08.2017
    29.08.2017
    by      In
    The pace of Formula One (F1) development is rivalled only by the speeds achieved on the racetrack. Each time the Sahara Force India F1 Team brings its car to a circuit, it represents the team’s top engineering; every time the team leaves, the car is just a baseline. Between races it must be... Read More
  3. capacitor reforming
    12.07.2017
    12.07.2017
    by      In
    The latest productivity enhancing service from Konecranes addresses the problem of keeping spare motor drives in shape so they can be relied on to enter service if required. The company’s new variable frequency drive capacitor reforming service uses a proprietary DC power source to reform stored... Read More
  4. 27.06.2017
    27.06.2017
    by      In
    The most heralded benefit of the fourth industrial revolution (or Industry 4.0) is the availability of increasing volumes of data concerning the performance of manufacturing operations (so-called “big data”). These data range from the enterprise level, to the plant level, and down to the individual... Read More