SOURCE: DS-Concept Factoring GmbH
MONCHENGLADBACH, GERMANY--(Marketwired - Mar 27, 2014) -
- Four European textile retailers from the Netherlands, Germany and the UK will be using a DS-Concept Factoring trade financing facility to fund their imports mainly from Turkey, South Asia and China. DS-Concept has provided each of these companies with a facility line of up to 4 million Euro and will be opening letters of credit on their behalf. These deals -- with a forecasted turnover of 50 million Euro per year -- were the result of the close international cooperation within the DS-Concept group, with at least two offices collaborating on each deal.
- Two Chinese electronics producers will be using DS-Concept's export factoring services, with a combined estimated yearly factoring volume of 40 million USD.
- A Turkish fish producer, with a forecasted turnover of 10 million Euro per year, has signed a contract with DS-Concept Factoring GmbH to support their exports to several European countries.
- Amongst further new business, DS-Concept's German headquarters has closed several deals with EU-based electronics wholesalers, with a total estimated factoring volume of 16 million Euro per year.
"These new deals are from sectors where we already have many years of experience," says Ansgar Hütten, CEO of DS-Concept Factoring GmbH. "We are particularly honoured that many of our recent customers came to us based upon the recommendations of their suppliers and customers, who are DS-Concept client themselves."
The DS-Concept group (http://www.ds-concept.net/en/netzwerk) maintains a network of offices and affiliates all over the world, including the USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, the UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept Factoring GmbH brings streamlined, flexible and best-in-class services to the world's small and mid-sized exporters.
DS-Concept is an international trade financing expert, which has set itself the objective of ensuring liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimized cash flow solution to its customers. With offices and affiliates in eleven countries, the DS-Concept Group (www.ds-concept.net) maintains the network necessary to provide its services to its customers around the globe.