PACKAGING: Best Finance Options
Recent Western Cape Business News
There are increased demands on businesses across the board, and the printing, packaging and plastics industry has certainly felt the impact of this.
Credit is difficult to arrange, and where normal business is in short supply, companies have had to improvise and develop new products to open new markets. This has usually meant investing in additional equipment, which, of course, has to be funded.
In this situation, says Dudley Flügel, Nedbank’s business manager (Vehicle & Asset Finance) for the Western Cape, talking to Nedbank has big advantages. Nedbank specialises in the industry and has a strong dedicated regional presence in this field. They are thus ideally placed to advise clients on the best financing options and provide some innovative solutions to issues they may be facing.
Flügel himself has 28 years’ experience in the printing, packaging and plastic industry - 15 years as a marketer in the industry, and 13 years providing finance - and his expertise and understanding of the industry really shows.
“Our clients find that talking to someone who knows the industry is less frustrating and time-consuming, as decisions can be made more quickly, and finance granted in a shorter turnaround time,” he says.
Nedbank’s dedicated Capital Equipment imports section is one of the unique services it offers to the industry. It gives clients the time needed to concentrate on what they do best, while Nedbank provides end-to-end financial solutions for the import of equipment. This includes practical assistance with exchange control, forward exchange contracts, transfers, letters of credit and documentation. In addition, Nedbank’s team monitors the progress of the equipment being imported.
Says Flügel: “Understanding the printing, packaging and plastic industries - the difficulties, frustrations, opportunities and strengths - is a great help to us in designing complex applications for finance.
Keeping updated with the latest technology, developments and advances within the industry is invaluable when making difficult strategic decisions.”
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