Aftermarket Insider Volume 65 - (Page 26)

i N T E R N AT i o N A L F o C U S eXport-import AAIA Members Can Grow Their Business By Exporting With The Help Of Ex-Im Bank “Over the last three years, our sales have grown over 50 percent, in large part because of the continued support of Ex-Im Bank.” Peter F. Baranay, President, ABRO Industries Ex A R TICLE PREPARED F OR AAIA M E M BE RS BY T HE E x - I M B A N K O FFI C E O F C O MMU N I C AT I O N S Members of the automotive aftermarket industry may be hesitant to grow their business by entering or expanding activity in the global marketplace — especially during the current economic crisis. But exports are more important than ever in these difficult times. While many U.S. companies are being forced to lay off workers, many others are maintaining or even adding jobs by selling their products and services abroad. They can do this with the support of the ExportImport Bank of the United States (Ex-Im Bank). Ex-Im Bank is the official export credit multibuyer insurance policy since 2002 to expand its exports of automotive agency (ECA) of the United States. For supply products to Africa and other more than 76 years, its mission has emerging markets, while maintaining been to help U.S. companies expand their business overseas so that they can and creating U.S. jobs across the country. The company was Ex-Im create or maintain jobs for workers Bank’s Small Business Exporter of the here at home. The bank does not Year for sub-Saharan Africa in 2008. compete with private sector lenders. It fills gaps in trade financing to keep trade flowing to emerging markets. In “Over the last three years, our sales have grown over 50 percent, in large effect, Ex-Im Bank “partners” with part because of the continued support commercial lenders and their clients. of Ex-Im Bank,” said Peter F. Baranay, Cases in Point president, ABRO Industries. “Under the insurance policy, we were able ABRO Industries, Inc., of South to raise the credit availability for Bend, Ind., has used an Ex-Im Bank 26 | AFTERMARKET INSIDER 2010 | VOLUME 65

Table of Contents for the Digital Edition of Aftermarket Insider Volume 65

Aftermarket Insider Volume 65
President's Message
An Unwelcome Oil Change
Investigating the Cold, Hard Truth About the Right to Repair Battle
Industry News
Member Profile
Campaign Update
Technology Update
Industry News
International Focus
Market Research

Aftermarket Insider Volume 65