Factoring for the plastics processing industry Munich, June – the plastics industry is one of the most important industries in Germany. According to the industry association GKV, the utilization of the companies at an unexpectedly high level moves, further growth is expected for 2011. The creation of efficient distribution structures, process optimization and the securing of liquidity are the challenges for management. Currently, the sales trend is very positive according to statutory health insurance, rising energy and commodity prices and thus decreasing margins are problematic. Also Matthias Bommer, Managing Director of Vantargis factoring GmbH, noticed the increased demand, that in recent months many plastics processing companies have consumed cash reserves and need now fresh money.” Principle of access has become easier to bank loans than a year ago, but lower ratings on the basis of the balance sheets in the crisis year of 2009/2010 complicate borrowing.
Factoring brings liquidity for the plastics industry “Vantargis has a solution: as a supplement to the classic Bank loan factoring brings extra money in the company”, so Bommer. Through the ongoing sale of the claim ensures its liquidity of plastics processors and can grow”. Factoring turnover adjusts automatically and without additional collateral. The costs can be compensated often by discount in purchasing and grant extended payment terms (instead of a discount for the customer). Also, the claims against failure are insured and the factor assumes the Receivables Management. Like our customers use the snippet factoring and give a portion of their annual turnover in the factoring”, says Matthias Bommer.
We simply leave individual quick payer and the customer saves unnecessary costs.” Phone 089 242 937 318 can interested parties without obligation inform yourself about the possibilities by factoring in the plastics industry. Leasing as a financing component can leasing businesses of plastics processing be an additional component of the financing. In periods of growth, financing new leasing offers. Rather than buy, for example, a machine with its own resources or on credit, you pay a fixed rate monthly”Bommer reported. The cost of the investment will be spread evenly over the useful life and you relieve your line of credit”. Equity and credit line are still available. Ideally, the monthly rate directly from the income generated with the new machine will be paid. More information is available under. There also the free magazine can be ordered with knowledge, tips and trends to corporate finance middle-class India log. Background to the Vantargis factoring the Vantargis factoring GmbH is a bank-independent factoring company. The company financed small and medium-sized enterprises with an annual turnover of up to EUR 10 million nationwide as a full service provider in the factoring. Here the Vantargis factoring GmbH with the financing combines the insurance of Bad debts and Receivables Management all aspects of factoring in any service. For companies from 10 million Euro turnover is factoring also implemented in the in-house procedure. Questions or more information: Vantargis factoring GmbH Widenmayerstr 28 80538 Munich Ilka Stiegler head corporate communications phone: 089 2429373-18 E-mail: