CFO of Magotteaux
Magotteaux is a Belgian industrial group with production sites in thirteen countries around the world. To achieve its global growth strategy, especially in Asia, Magotteaux wanted to expand its production capacity in Thailand. The factory expansion will allow the company to increase the annual production of grinding balls from 85,000 to 140,000 tons. The group itself released funds to finance this investment, but it also turned to ING. The bank is coordinating a new syndicated loan with a term of five years and in different currencies. It offers Magotteaux financial convenience and flexibility to handle current and future projects.
Contact your ING Relationship Manager.