Export Development Canada (EDC) announced USD 11 M in financing for Mexico’s Cinepolis Group (Cinepolis), the fourth largest movie theatre operator in the world and the largest in Latin America. The financing, which is being provided as part of a larger facility loan for Cinepolis, will serve to strengthen the business relationship between Cinepolis and … Read more
Export Development Canada (EDC) announced a USD 2 million loan for a subsidiary of Montreal-based GLV Inc. (GLV Group) to grow their operations in India. GLV Group is a leading global provider of technological solutions for water treatment and pulp and paper production. Its subsidiary, GL&V India, which produces equipment parts for the pulp and … Read more
Export Development Canada (EDC) announced financing of USD 70 M to Pacific Rubiales Energy Corp., renewing its partnership with the largest private sector publicly traded oil and gas producer operating in Colombia. “EDC can provide reliable financing for Columbia and Central American companies,” said Stephen Benoit, chief representative, Andean Region, EDC. “EDC’s ability to match … Read more
Export Development Canada (EDC) announced a previously signed USD 50 M financing transaction for Sigma Alimentos, S.A. de C.V., the food division of Alfa, S.A.B. de C.V. (Alfa), an influential Mexican public company. The financing was provided under a syndicated loan to acquire shares of European-based Campofrio Food Group, S.A. More information is available online. … Read more
Export Development Canada (EDC) announced that Major’s Logging, a mechanical wood harvesting company based in Newfoundland, used its Export Guarantee product to make sure they could finance their expansion that was required to deliver on a new contract with Muskrat Falls. Managing company Emera awarded the contract of mechanical wood harvesting to Major’s Logging in … Read more
General Electric (GE) Canada and Export Development Canada (EDC) are working together to identify and introduce innovative and globally minded Canadian companies into the supply chain of two GE Canada divisions in Peterborough, Ontario. EDC, Canada’s leading provider of trade financing and insurance, will introduce its Canadian technology, manufacturing and services customers to GE Power … Read more
Export Development Canada (EDC) and the Schulich School of Business (Schulich) announced that their jointly developed global trade management program, the first of its kind in Canada, saw its first three graduates. The Certificate in Managing International Trade and Investment program (CMITI ) is offered as part of EDC’s collaboration with Schulich’s Centre for Global … Read more
Export Development Canada (EDC) announced that it has led a CAD 20 M commercial project finance facility for BioAmber to develop a biochemical production facility in Sarnia, Ontario. The project, BioAmber Sarnia (BAS) will have an annual production capacity of 30,000 metric tons, making it the world’s largest bio-based succinic acid facility. Bio-based succinic acid, … Read more
Canadian companies that sell internationally are more confident about business prospects now than they were during the global economic boom period between 2003 and 2006, according to the semi-annual Trade Confidence Index by Export Development Canada (EDC). EDC is Canada’s leading provider of financing, insurance and bonding for Canadian companies that sell into foreign markets. EDC’s … Read more
Export Development Canada (EDC) announced financing of EUR 125 M for Toronto-based clean energy company Northland Power (Northland), the largest loan EDC has ever provided in the wind power sector. EDC is Canada’s leading provider of financing, insurance and bonding for Canadian companies of all sizes that do business outside of Canada. Canadian companies like … Read more
