Mack Valves

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Mack Valves is a leading provider of flow control, pressure reducing and safety relief valves to the cryogenic, industrial gas, LNG, mining and water industries.

Established in 1939, Mack Valves has a global reputation for quality and provides specialised valves to its customers around the world from its world-class manufacturing facilities in Melbourne, Australia and Pune, India.

Mack Valves’ highly-trained engineering team uses world class technology to deliver valves that are designed, manufactured and tested to the highest level of quality standards and product certification worldwide.

Expansion into India

In 2013, Mack Valves won a contract from India’s Tata Steel to supply 292 Monel valves, which will be used as part of the oxygen service in one of their large steel plants.

Valves used for oxygen service must be of the highest quality and free from contaminants like hydrocarbons that can cause an explosion.

Tata Steel is one of India’s largest private sector steel companies and is part of the Tata Group, a global conglomerate with operations in more than 100 countries.

While this was the second time Mack Valves had supplied valves to Tata Steel, this contract was by far the largest order that Mack Valves has shipped in its 75-year history.

Mack Valves’ bank, NAB, has always been very supportive of its export operations, however on this occasion NAB was unable to provide additional working capital in support of Mack Valves winning this lucrative export contract.

Mack Valves’ NAB banker was aware of Efic and referred them to us to see if we had a solution.

“Partnering with Efic enabled Mack Valves to successfully execute this important order into company where we see a bright future for us”.
Phil Moesbergen, Financial Controller, Mack Valves."


How we helped

We provided an export working capital guarantee to NAB for $1 million, which allowed Mack Valves to finance their raw material pre-shipment purchases.

Being able to fufil such a large order has given Mack Valves a huge amount of credibility within the Tata Group worldwide, as well as receiving considerable interest from other large companies.

The enhanced reputation and relationship with the Tata Group has also allowed Mack Valves to seriously consider targeting markets in the US and other developed countries, something it never thought could be possible.

Access export finance

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