The DS-Concept group recently signed several contracts with steel producing and processing companies. The diversity of these companies alone shows DS-Concepts' global footprint. The newly acquired customers include entities from the US, Europe and the Middle East and once again there are several foreign owned entities amongst them.

Mr Ansgar Hütten CEO of DS-Concept Factoring GmbH in Germany said that "Companies owned by foreigners no matter in which country they are located often face particular problems, since they can't obtain funding either in their home country or in the foreign country. But at DS-Concept, our philosophy is to be able to provide funding in countries throughout the world."

Steel shipments from Europe to the US and vice versa, from the Middle East to Europe, wherever you are, DS-Concept is there to support international trade.

Apart from being in different regions, the new customers are also benefiting from the broad range of financing products DS-Concept offers. In addition to the more traditional international factoring, import factoring (the funding of purchase orders) is also offered to selected customers to further increase the available liquidity and facilitate the production of the goods to be exported.

Mr Hütten said that "With the combination of these products, our customers can focus on what's really important: managing and growing their business and serving their customers, while DS monitors the credit worthiness of their international customers and covers their backs by assuming the full credit risk. Our ever-increasing number of customers shows that this is the type of funding the market needs, since banks are reluctant to close the funding gaps for international accounts receivables. Therefore we are looking forward to even more interesting deals like these in the future."

Source - SYS-CON Media Inc

(www.steelguru.com)