EFIC helps Aussie company secure $10m deal


Export Finance and Insurance Corporation (EFIC) has provided a performance bond to support the participation of JML Engineered Facades Pty Ltd (JML) in a $10.6 million contract at the New Doha International Airport in Qatar.

JML’s customer in Qatar required that they arrange a performance bond for about $1 million, issued by a bank with a local presence.

EFIC drew on its relationship with Citigroup, which has an established network in the Middle East, providing a guarantee to Citigroup, which in turn issued a bond to the customer through the bank’s Qatar branch.

JML approached EFIC when the company’s bank requested full cash cover for the bond, which would have tied up working capital JML preferred to utilise for development of other new business in the region.

For more information on how EFIC can help Australian export businesses visit :

Export Finance and Insurance Corporation
Ph: 02 9201 2199

Related news & editorials

  1. 18.07.2018
    by      In
    3D printing with metals is affecting the way manufacturing occurs, and Australian distributor Raymax Applications reckons this is amply demonstrated by the application of SLM Solutions machines in metal manufacturing processes.
    SLM Solutions Group recently released its fourth generation 280 system... Read More
  2. 16.03.2018
    by      In
    In the 1960s, as much as a quarter of Australia’s workforce was employed in the manufacturing sector, and the industry fuelled 25% of the nation’s economy, according to the Productivity Commission. Half a century on, the closure of Toyota, Ford and then General Motors in October 2017 seemed to... Read More
  3. 24.01.2018
    by      In
    According to Southern Cross CEO, Mark Ferguson, if Australian industry really wants to get serious about saving energy then it needs to take a close look at ‘two-stage’, air compressor technology. As energy costs continue to outstrip other business input expenses it is critical, more than ever... Read More
  4. Martin Chappell
    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