The Netherlands: IHC Merwede Expands Banking Facilites to EUR 1.5 Billion

 

IHC Merwede has increased its underwriting capacity by more than 50 per cent to €1.5billion. Of this amount, €900 million is committed. The financial agreement has been forged between IHC Merwede and an international banking consortium made up of five banks, with the aim of facilitating international growth.

Ability to differentiate

The five banks which form the consortium all have large international networks. Three of the five – ABN AMRO, ING and Rabobank, – were chosen as they are based in The Netherlands, which is where IHC Merwede’s core business is also based. The two foreign banks are the French BNP Paribas, and the German Deutsche Bank. All five contributors will help IHC Merwede to achieve its goal of international expansion.

The lenders have jointly facilitated the €1.5billion sum, which will be used by IHC Merwede for guarantees, investments in long-term assets and acquisitions. It will also enable IHC Merwede to finance its customers’ requirements during vessel construction.

Confidence

Mr. Govert Hamers, President of IHC Merwede, is delighted about the financial agreement: “As a result of the recent global economic downturn, there is still some abstention in the financial sector. A credit facility of this size may be attributed to the level of confidence in IHC Merwede and the company’s ambitions. It offers us excellent potential to continue to develop our business strategy and organisational structure.

Company profile IHC Merwede

IHC Merwede is focussed on the continuous development of design and construction activities for the specialist maritime sector. It is the global market leader for efficient dredging and mining vessels and equipment – with vast experience accumulated over decades – and a reliable supplier of custom-built ships and supplies for offshore construction.

IHC Merwede has in-house expertise for engineering and manufacturing innovative vessels and advanced equipment, as well as providing life-cycle support. Its integrated systematic approach has helped to develop optimum product performance and long-term business partnerships.

The company’s broad customer base includes dredging operators, oil and gas corporations, offshore contractors and government authorities.

IHC Merwede has over 3,000 employees based at various locations in The Netherlands, China, Croatia, France, India, the Middle East, Nigeria, Serbia, Singapore, Slovakia, South Africa, the United Kingdom and the United States.

Technological innovation will remain the company’s underlying strength through its continuous investment in research and development. Moreover, it helps to safeguard a sustainable environment.

Source: ihcmerwede, June 6, 2011;

 

 

Share this article

Follow Dredging Today

One thought on “The Netherlands: IHC Merwede Expands Banking Facilites to EUR 1.5 Billion”

Comments are closed.

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply