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Mechatherm International Limited is a leading provider of equipment for the aluminium and other non-ferrous industrial sectors. With an annual turnover of £8 million in the 2016/17 financial year, anticipated to more than double in the next, international sales have been central to the company’s success.
In 2017, the company was approached to supply aluminium-melting furnaces and equipment under a multi-million dollar contract with Aluminium Bahrain (Alba). The terms of the export contract required Mechatherm to provide an advance payment guarantee, as well as a performance bond from Barclays as reassurance for the buyer that Mechatherm would deliver on its commitments.
Read our case study to find out how Mecatherm was supported by UK Export Finance (UKEF) and Barclays to secure this significant contract within the context of a challenging period for the aluminium industry, helping the company grow its exporting, and presence, in the Middle East.
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