none

Aussie companies keen to explore overseas markets

16-06-2010
by 
in 

Australian companies remain focussed on overseas expansion, despite financial barriers, according to Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency.

The EFIC’s third annual Global Readiness index (GRi), released this month shows Australian companies are continuing to seek expansion opportunities across the globe.

In March this year, 936 Australian companies participated in the GRi survey, which examined key aspects of their experience of going global, including the drivers, destinations and obstacles and sources and availability of funds.

“In the face of difficult conditions in the last year and lingering economic uncertainty, Australian companies’ global growth plans have held up remarkably well,” said Angus Armour, EFIC’s Managing Director and CEO.

“Over the past 12 months, EFIC has seen a significant increase in demand for export finance and insurance solutions from Australian SMEs, he said.

Access to finance remains the major obstacle to offshore expansion, although this has improved as the credit crunch has eased, with 43 per cent of respondents naming it a barrier compared with 58 per cent last year.

Forty-nine per cent of respondents said that improved access to finance would allow them to grow faster in their current markets and 43 per cent said it would accelerate plans to enter new markets.

To view the 2010 GRi, visit: www.efic.gov.au/gri

Related news & editorials

  1. 09.08.2019
    09.08.2019
    by      In
    Heavy transportation and industrial automation specialist AVT Europe is based in Essen in northern Belgium. The company specialises in driverless heavy-load transporters for the movement of very large and very heavy items such as railway carriages and aircraft parts.
    These transporters are massive... Read More
  2. 08.08.2019
    08.08.2019
    by      In
    Dematic, a leading supplier of integrated automated technology, software and services to optimise the supply chain, has announced the first installation of its AutoStore solution in the Australia and New Zealand region in Hallite’s warehouse in suburban Perth.
    Hallite is a leading manufacturer and... Read More
  3. 07.08.2019
    07.08.2019
    by      In
    Leading Queensland forklift company, Norlift, has received expert hydraulic engineering assistance from Hydraulink to actuate a new Rexroth joystick control for enhanced safety and efficiency of its Hyundai tyre-handling forklifts for Rio Tinto.
    Norlift supplied Hyundai 160D-7 forklifts, fitted... Read More
  4. 30.07.2019
    30.07.2019
    by      In
    Flexicon’s new Tip-Tite drum dumping system automatically conditions fibreboard drums containing bulk solid material, discharges the material into downstream equipment and accumulates empty drums on a roller conveyor for removal.
    The system is intended for low- to high-volume handling of drums... Read More