Tradewind Finance has provided a EUR 1 million credit facility for a leading manufacturer and exporter of plastic packaging in Turkey. The company, based in İstanbul, sells food packaging, industrial products, bags and agricultural films in European, Middle Eastern and African markets.
Especially in recent years, the sales volume of the company has increased due to growing demand in the packaging industry. The company is using the facility to accelerate cash flow for working capital purposes and to fill its rapidly increasing orders.
Tradewind is providing non-recourse export factoring with a 90% pre-payment rate for the company’s EUR and GBP currencies. Although Tradewind has utilized a facility for their Eurozone buyers before, the firm was able to open GBP accounts and start working with British buyers by taking quick action in line with the changing priorities of the company. As Tradewind creates tailor-made solutions for their clients’ needs, it can adapt very quickly to changing conditions on the customer side.
The ability to execute funding with a fast turnaround and the practical benefits of the financial package were the biggest factors in the company’s decision to work with Tradewind.
“We are happy that we were able to structure a custom financing solution that equipped our client with the liquidity to take on the high volume of orders from their buyers and sustain growth,” said Nilgün Taşkın, Sales and Marketing Manager for Tradewind’s Turkey office.
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.