PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Legion Finance Trade Limited

Press Release


Receive press releases from Legion Finance Trade Limited: By Email RSS Feeds:

Legion Finance Trade Limited (LFTL) Investors Group Has Signed a Loan to Provide German Machinery Trading Co. Ltd. with EUR 780M Research and Development Loan


London, United Kingdom, August 27, 2018 --(PR.com)-- The Legion Finance Trade Limited (LFTL) Investors Group has agreed to support research and development at the German Machinery Trading Co. Ltd. plants in Germany and Japan, including initiatives to lower emission of equipment in the agricultural sector. The project finance loan is LFTL's contribution for innovation and promotion of long-term technology across the European and Asia engine market.

"The Legion Finance Trade Limited is pleased to support cutting-edged research and development at the German Machinery Trading Co Ltd. Developing new models of low-emission engines and more fuel-efficient vehicles in agriculture will give a helping hand in developing new skills and innovation among employees across the company's operation in Europe and Asia," said Legion Finance Trade Limited CEO Edward Siciliano.

The Legion Finance Trade Limited Investors project loan represents a portion of the German Machinery Trading Co Ltd's ongoing research and development, including initiatives focusing on improving environmental impact of machinery.

"German Machinery Trading Co Ltd's position as a strong global leader provides opportunities to access capital markets for important research and development around the world," said Cullin Sullivan, vice president and treasurer at German Machinery Trading Co. Ltd. "Our research and development initiatives will strengthen German Machinery Trading Co Ltd position as an innovation leader in agricultural machines, engines, farming, harvesting technology and safety measures technology using the adoption of GPS-based precision farming. This is a confirmation to the capabilities and skills of our workforce and demonstration of our scale-able commitment to the European Market."

The research and development activities covered by the loan is a part of German Machinery Trading Co Ltd innovation programme ranging from 2017-2028. The project will give benefits to existing research employment and enhance corporation with specialised research in the agricultural sector. The loan borrower is German Machinery Trading Co Ltd, a wholly-owned subsidiary of Trading Co. Germany Ltd.

Notes for Editors:

- The Legion Finance Trade Limited is the leading intermediation financial service provider that provides long-term financial services between lenders and borrowers using it's portfolio of investors to secure financing for projects.

- German Machinery Trading Co. Ltd. is a world leader in providing advance products and services for agriculture, forestry, turf care, construction, irrigation and landscaping. German Machinery Trading Co Ltd also manufactures and markets engines used in heavy equipment.

- Specific research and development activities will help strengthen the factories of the German Machinery Trading Co Ltd in German and Japan where the company manufactures tractors for global markets.
Contact Information
Legion Finance Trade Limited
Liljana Simonoska
+1-800-501-9809
Contact
https://legionfinancetrade.com

Click here to view the list of recent Press Releases from Legion Finance Trade Limited
Promote Your Business