Elevate Export Finance corp. News, Oct. 8 - Canadian exporter, AGI expands relationship with Elevate’s support
Today, Elevate Export Finance corp. (Elevate) announced the disbursement of an additional loan in support of AGI Canada’s (the exporter) continued growth with existing customer, Proteinas y Oleicos (the buyer). Elevate is proud to be supporting this sale and to be enabling AGI’s growth.
Proteinas y Oleicos is a Mexican company, focused on the production and marketing of edible vegetable oils, fats and inputs for the formulation of balanced foods. This is an expanding market as the world continues to find new, sustainable ways to produce sustainable foods.
James Reble, account director for Elevate said, “This is another important step in helping a great Canadian exporter expand its global footprint in a challenging global business environment, brought on by the pandemic. We look forward to providing more support in the coming months."
The loan from Elevate, will enable Proteinas y Oleicos to take receipt of a leading technological infrastructure facility provided and shipped today by AGI Canada.
Based in Winnipeg, Canada, AGI is a leading food infrastructure company that supplies advanced, technologically driven logistics in the food supply chain space across five platforms: Seed, Fertilizer, Grain, Feed, and food. In real terms, AGI facilitates the extraction of grains (rice/wheat) from trains or trucks on to a boat for shipping at a seaport; a critical and time sensitive operation requiring efficient and reliable logistical infrastructure. AGI excels in this area of expertise and is consistently introducing new technologies to advance their customer’s supply chain.
The loan further enables Proteinas y Oleicos to diversify their CAPEX with an alternative and attractively priced source of funds from Elevate. For Elevate Finance, this transaction adds to a growing list of achievements in a time of crisis and upheaval and builds on the company’s commitment to enhancing and growing Canadian exports globally.
Elevate Export Finance Corp, an official delivery partner of Export Development Canada (crown corporation). Elevate Export Finance has become a globally recognized provider of ‘buyer financing’ to International Buyers of Canadian Exporters.