Guangxi, PR China (PRWEB) December 13, 2011
LiuGong Machinery Co., a premier international construction equipment manufacturer, is expanding its consumer leasing and financing plan to Europe in a move that builds upon the introduction of the program in North America earlier this year, organization executives announced.
LiuGong has selected France-based BNP Paribas Lease Group S.A. as its financing partner after the China Export & Credit Insurance Corporation, SINOSURE, helped bring the two parties together. The program will be administered by BNP Paribas Leasing Solutions, which is one of 4 firms in the BNP Paribas Lease Group. Executives from both companies signed the agreement at a conference in Paris in mid-December.
BNP Paribas Leasing Solutions specializes in leasing solutions for specialist construction equipment. Its offers a full-range of services from lease financing to outsourcing, and includes flexible and extended-term leasing. Its parent organization, BNP Paribas, is consistently one of the highest rated banks in the globe on a number of measures. In 2011, it was named the best bank in developed Europe by International Finance magazine.
When we announced the first phase of our global financing plan in March, we knew we also wanted a powerful partner in Europe, mentioned LiuGong Vice-Chairman and President Mr. Zeng Guangan.
BNP Paribas is the number one leasing firm in Europe. It covers all the significant LiuGong markets, and they have been incredibly cooperative and enthusiastic about this partnership, added Zeng.
Through the agreement, LiuGong will supply a unified platform to supply high good quality financial leasing services which in turn give consumers much better flexibility and much more diversified economic products to meet their financing wants. The plan helps LiuGong dealers manage their money flow far more successfully, promoting less difficult investment into their dealership and item line.
The monetary goods consist of loans, economic lease/hire obtain, operating leases, and full service lease/contract employ, amongst other things. Under the agreement, LiuGong is not liable for loss in a consumer default and it does not participate in a risk pool, thus limiting monetary exposure.
Leasing is extremely common in the European industry, so this alliance provides our existing and any possible dealers access to a powerful, properly-capitalized and highly rated financial firm for the monetary merchandise they need to have, Zeng mentioned.
BNP Paribas, with its deep information of the construction equipment segment, can also offer financial consulting concerning the most helpful finance choices for any given consumer, or lease or contract scenario.
LiuGong Machinery Corp., headquartered in Liuzhou, China has made high high quality construction equipment for more than 50 years and is growing all through the world. The organization has been named one of the top 100 brands in China, ranking 60th. With US$ 2.32 billion in sales in 2010, Chinas premier heavy equipment manufacturing firm is within the leading 20 largest construction machinery organizations globally.
The firm employs over 13,000 which includes far more than 750 R&D engineers, and produces more than 60,000 machinery units annually. It gives a full line of machines, including wheel loaders, bulldozers, backhoes, skid steers, forklifts, graders, excavators, rollers, truck mounted and crawler cranes, and pavers.
LiuGong equipment is effortless to own and effortless to operate, and the firm excels in supplying attributes that consumers demand, focusing on using only nicely-verified technologies that are easy to service.
The outcome is very durable machines that stand up to the rigors of the difficult operating environments buyers face. To understand far more about LiuGong, visit http://www.liugong.com
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