EximBank and Adesgo – the biggest Romanian manufacturer of women stockings and seamless lingerie – have concluded a financial agreement amounting at 6 Million Euro aiming at financing the company’s activity and continuing the investment program in order to reach the business targets: increase production and sales volumes.
“Adesgo is one of the most powerful brands on the local market, having a 90 years long tradition and we are glad to be able to support through our financial facilities its positive trend both on local and international market, thus contributing to an on going tradition. We do believe that by concluding this partnership – with one of the key players in the textile industry – we confirm once again the modernization process that EximBank has implemented and its reinforced capacity of offering added value financial solutions for its clients. The increased interest for our products and services coming from the companies determines us to keep focus on optimizing our business model in order to consolidate our position as a preferred business partner for the Romanian companies.”, declared Traian Halalai (photo), Executive President of EximBank.
Adesgo is the biggest Romanian production facility for women’s stockings , having a production capacity of more than 1 million stockings pairs a month, adapted to various demands in the field, and more than 600.000 lingerie items. On the Romanian market, Adesgo own the brand DIAMOND by ADESGO and under this name they grew year after year the popularity of the products and constantly they launched new items.
The financial package from EximBank will be directed towards financing the current activity as well as for refurbishing some of their production locations.
”We are keen to grow and be performing to high standards and we are striving to always be one step ahead. We adapt, change, create, and innovate without loosing sight of the old values: keeping the products quality that made us famous and the transparency level towards our clients. We are convinced that we have to constantly grow, evolve and keep our position as leaders of the market and the partnership we have with EximBank supports our effort in reaching all our development targets.”, said Yaron Mund, CEO of Adesgo.
EximBank is a specialized financial institution, actively involved in supporting and promoting the Romanian business environment. Its specific financial instruments are targeted exclusively to the corporate segment and accessible to any kind of company SMEs or big companies, active only locally or involved in international transactions. During the last three years, the bank has focused on the improvement of its complementary banking services and it developed and consolidated its portfolio of treasury products, cash management, trade finance and factoring, that are now completing the financing, guaranteeing and insurance activities. EximBank is operating 20 units commercial network.