FOR IMMEDIATE RELEASE March 20, 2015
Lawton King (202-565-3200)
Washington, D.C. - Semi-Bulk Systems (SBS) is a manufacturer of modular engineered process solutions involving dry ingredient handling and dry and liquid mixing systems for the food, beverage, and paint industries based in Fenton, Mo.
As a result of financing support provided by the Export-Import Bank of the U.S., (Ex-Im Bank) the company has witnessed a considerable increase in export sales to global markets.Founded in 1975, the St. Louis area company began utilizing Ex-Im Bank's export credit insurance, which empowers companies to increase export sales by limiting their risk of buyer nonpayment. The company employs 30 people in Fenton, Mo.
""Without Ex-Im support, it would be difficult to pursue opportunities and offer products and services to our international customers around the world,"" said Charles S. Alack, CEO and COO. ""With Ex-Im support, however, our export sales have grown from 10 percent of total sales up to 50 percent.""
""Small businesses in Missouri like SBS that wish to boost their sales abroad and support more good-paying jobs at home have a reliable ally in Ex-Im Bank,"" said Ex-Im Bank Chairman and President Fred P. Hochberg. ""In FY 2014 alone, Ex-Im Bank supported $83.9 million in Missouri exports, 67 percent of which were small business exports.""
SBS has brokered with World Trade Consult LLC and banked with Cass Lender.
For more information about Ex-Im products and services, call 1-800-565-EXIM or visit www.exim.gov.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Ninety percent of its transactions directly serve American small businesses.
In fiscal year 2014, Ex-Im Bank approved $20.5 billion in total authorizations. These authorizations supported an estimated $27.5 billion in U.S. export sales, as well as approximately 164,000 American jobs in communities across the country.