New South Wales based exporter, The Fire Company continues to champion Australian design and technology internationally while also supporting local manufacturing suppliers and jobs to meet growing export markets.
The Fire Company has secured $420,000 worth of funding with the support of the Export Finance and Insurance Corporation (EFIC) , Australia’s export credit agency, who will provide a guarantee facility, to The Fire Company’s bank, the Commonwealth Bank.
“We have always produced our environmentally friendly free-standing fireplaces at our production facility in Sydney, and we want to continue to supporting the local economy by expanding our export production,” said The Fire Company joint Managing Directors Uwe Backes and Stephane Thomas.
“Since opening, we have experienced rapid growth in the designer furniture market but it has long been our goal to develop products that appeal to a more mainstream retail market.
“We are delighted that EFIC has been able to support our goal by assisting us to obtain financing that will allow us to reach new markets.”
EFIC’s managing director, Angus Armour said: “The Fire Company sells 90% of their products within 52 markets around the world, making them a highly successful Australian exporter.”
“We are pleased to provide The Fire Company with an EFIC Headway working capital guarantee to assist them to expand their production activities and grow their exporting business.
“At EFIC we are continually developing flexible and innovative financial solutions to support Australian small-to-medium-sized exporters like The Fire Company in achieving international success,” said Mr Armour.
EFIC offers a range of financial and insurance services, which also include guarantees, direct loans, export payments insurance and political risk insurance.