SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

May 22, 2014 09:00 ET

DS-Concept Factoring Shows Considerable Growth in Turkey

Several Turkish Companies Are Profiting From DS-Concept Factoring's Tailored Trade Finance Solutions

MÖNCHENGLADBACH, GERMANY--(Marketwired - May 22, 2014) - DS-Concept Factoring GmbH is pleased to report substantial growth of their Turkish customer base. The global trade finance group has recently announced the following new Turkish customers:

  • Five textile producers exporting to EU countries with a yearly factoring volume of up to 10 million Euro each
  • Two fisheries, both amongst the largest producers in the world of their respective species
  • An automotive supplier exporting goods worth 2.5 million USD yearly to the United States

In addition to export factoring, DS-Concept Factoring GmbH offers import financing to improve cash flow across the global supply-chain. Most recently, a Turkish textile producer -- who has been using DS-Concept Factoring's export factoring for several years -- is now also relying on import financing for their growing shipments from Pakistan.

"We were unhappy with the funding solutions offered to us by local banks and factors, therefore we looked for new offers," says Ebru Armutcu, Managing Director of Akgaz Ticaret AS. "DS-Concept Factoring is the ideal partner for us; they have many years of trade finance experience in Turkey and are providing us with far better service and expertise than our previous financing partners."

DS-Concept Factoring GmbH also offers specialised solutions (http://www.ds-concept.net/en/leistungen) for a broad variety of international trades. Amongst their diverse portfolio is a new customer to whom DS-Concept Factoring will offer its full supply-chain funding solution. This new client, a Turkish seafood exporter, is selling fish from Turkey to Greece for packaging and then further to other EU countries for distribution.

"In recent months we have noticed a considerable increase in customer growth in Turkey, especially in the Izmir region," says Mr. Ansgar Hütten, CEO of DS-Concept Factoring GmbH in Germany, "We are looking forward to finding even more solutions for the interesting deals we currently have in our pipeline."

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.

Contact Information