Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Exports to Brazil: KfW IPEX-Bank finances European plant engineering

07.08.2014
  • Bilateral loan of EUR 51 million
  • SMEs deliver special equipment for environmentally friendly production
  • Recycling: wood chips processed into various particle board materials

KfW IPEX-Bank is using a loan worth EUR 51m to finance the export of special equipment to South America for the environmentally friendly production of particle boards.

Brazilian-based Berneck S.A. Painéis e Serrados (Berneck) is the borrower and the company ordering the equipment, which is supplied by various small and medium-sized enterprises from Germany and other parts of Europe. The funds come with an export credit guarantee by the German Federal Government (covered by Hermes).

"The Brazilian economy continues to grow, and with it, opportunities for German and European special equipment manufacturers to boost their unit sales", said Markus Scheer, member of the Management Board of KfW IPEX-Bank. "We are financing investments in modern equipment for our long-standing customer Berneck. With the new machines the company will be able to significantly increase its environmentally friendly production." Even the first production facility for particle boards from 2001 can be traced back to financing from KfW.

... more about:
»Exports »KfW »construction »materials »processing

Berneck has been active in the Brazilian wood processing and production market more than 60 years. The family-owned company initially started off as a pure saw mill business and has grown to become the country's second-largest particle board manufacturer.

The export of machines from SMEs currently being financed by KfW IPEX-Bank is now expected to help further expand production at the Curitibanos site in the south of Brazil. This is where Berneck produces various particle board materials, largely using waste from its own saw mills.

Some expect considerable growth potential from the Brazilian furniture market: The Brazilian government has created the state-funded "Minha Casa, Minha Vida, Minha Casa Melhor" housing construction aid programme, especially for the poorer parts of the population. In doing so, it has made loans available at cheaper rates for home financing as well as for outfitting such homes with furniture. As a result, the furniture industry anticipates stronger demand for particle boards, one of the most important basic materials in the segment.

About KfW IPEX-Bank GmbH

Within the KfW Group, KfW IPEX-Bank is responsible for international project and export finance. Its function of providing financing to boost the German and European economy is derived from the legal mandate assigned to KfW. It offers medium- and long-term financing to support key export industries, to develop economic and social infrastructure and to fund environmental and climate protection projects. KfW IPEX-Bank operates as a legally independent group subsidiary and plays a major role in fulfilling KfW's promotional mission. It is represented in the most important economic and financial centres across the globe. To support its business operations in South America, KfW IPEX-Bank has maintained a representative office in São Paulo, Brazil's main economic hub, since 2002.

Contact:

KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Thomas Krick 
E-Mail: thomas.krick@kfw.de
Tel. +49 69 7431-8454, Fax: 069 7431-9409, 
E-Mail: info@kfw-ipex-bank.de, 
Internet: www.kfw-ipex-bank.de 

Thomas Krick | presseportal

Further reports about: Exports KfW construction materials processing

More articles from Business and Finance:

nachricht Paper or plastic?
08.07.2016 | University of Toronto

nachricht Gearing up for the future: Digital Business Innovation
05.07.2016 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Streamlining accelerated computing for industry

PyFR code combines high accuracy with flexibility to resolve unsteady turbulence problems

Scientists and engineers striving to create the next machine-age marvel--whether it be a more aerodynamic rocket, a faster race car, or a higher-efficiency jet...

Im Focus: X-ray optics on a chip

Waveguides are widely used for filtering, confining, guiding, coupling or splitting beams of visible light. However, creating waveguides that could do the same for X-rays has posed tremendous challenges in fabrication, so they are still only in an early stage of development.

In the latest issue of Acta Crystallographica Section A: Foundations and Advances , Sarah Hoffmann-Urlaub and Tim Salditt report the fabrication and testing of...

Im Focus: Piggyback battery for microchips: TU Graz researchers develop new battery concept

Electrochemists at TU Graz have managed to use monocrystalline semiconductor silicon as an active storage electrode in lithium batteries. This enables an integrated power supply to be made for microchips with a rechargeable battery.

Small electrical gadgets, such as mobile phones, tablets or notebooks, are indispensable accompaniments of everyday life. Integrated circuits in the interiors...

Im Focus: UCI physicists confirm possible discovery of fifth force of nature

Light particle could be key to understanding dark matter in universe

Recent findings indicating the possible discovery of a previously unknown subatomic particle may be evidence of a fifth fundamental force of nature, according...

Im Focus: Wi-fi from lasers

White light from lasers demonstrates data speeds of up to 2 GB/s

A nanocrystalline material that rapidly makes white light out of blue light has been developed by KAUST researchers.

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

The energy transition is not possible without Geotechnics

25.08.2016 | Event News

New Ideas for the Shipping Industry

24.08.2016 | Event News

A week of excellence: 22 of the world’s best computer scientists and mathematicians in Heidelberg

12.08.2016 | Event News

 
Latest News

Symmetry crucial for building key biomaterial collagen in the lab

26.08.2016 | Health and Medicine

Volcanic eruption masked acceleration in sea level rise

26.08.2016 | Earth Sciences

Moth takes advantage of defensive compounds in Physalis fruits

26.08.2016 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>