The Sykes Group, a leading manufacturer of pumps, used the additional working capital that was made available through EFIC Headway to fast track the development and distribution of the Yakka 150i pump for export markets. “Growing our international business is a key objective for us,” said Jon Collins, Managing Director of the Sykes Group. “Having access to additional funds enabled us to take advantage of immediate export opportunities in the United States.” Sykes was already exporting the Yakka 150i to the United States, however filling orders fast enough was proving a challenge. “The additional funds via EFIC Headway have made a significant difference to the size and effectiveness of our business. Our turnover has increased by 12-15 per cent and now with proper warehousing, we can take full advantage of the Yakka’s unique product positioning in the United States.” Video: EFIC Headway increased our turnover by 12-15% > Participating banks HSBC, Westpac, ANZ, NAB, BankWest, Commonwealth Bank, Bank of Queensland, Bendigo Bank and St George. Contact | Export Finance and Insurance Corporation Phone: 1800 093 724 Email: info@efic.gov.au | Jon Collins Managing Director The Sykes Group Phone: (02) 4954 3333 Email: jc@sykesgroup.com |
|