Regional News

Genie unveils new financing solutions

February 2019

Terex Corporation, a global manufacturer of lifting and material processing products, has launched new seasonal financing solutions for customers of its global brand Genie in the Europe, Middle East, Africa and Russia region (Emear).

Aerial access is often a seasonal business in the Emear and that for many rental companies can be financially challenging, said Terex. Offering the financial flexibility their activity relies on, Genie customers now benefit from the choice of a new ‘Seasonal Capital Repayments’ programme to help them to sustain their cash flow when they need it the most, it stated.

Jacco de Kluijver, vice-president of sales and marketing at Terex AWP (Emear), said: “Seasonality often leads to a mismatch between income and expenditure at different times of the year depending on a company’s geographical location.”

“Offering the flexibility that customers need to support their business at specific times of the year, the Terex Seasonal Capital Repayments programme allows customers to pay less at slower times when they need extra cash flow to sustain activity, invest or expand their business. They then pay the difference when business hits its forecast highs,” he added.

Stuart McDowall, the European director at TFS, said: “The new Terex Seasonal Capital Repayments programme aims to help customers plan their investments in advance with a financing schedule tailored to provide the extra support they need to sustain their cash flow when their business needs it most,” he added.  

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