AEM's plan

The Association of Equipment Manufacturers (AEM) and the Export-Import Bank (Ex-Im Bank) are working on a joint programme aimed at aiding small-medium size companies.
February 6, 2012 Read time: 1 min
A new strategy by the AEM and Ex-Im should help construction equipment exports from the US
The 1100 Association of Equipment Manufacturers (AEM) and the 1290 Export-Import Bank (Ex-Im Bank) are working on a joint programme aimed at aiding small-medium size companies. This is aimed at small- and medium-sized companies that are members of the AEM and is intended to help boost export sales. Dennis Slater, president of the AEM, and Fred P Hochberg, the chairman and president of Ex-Im Bank, launched the programme. AEM 2010 chairman Chuck Martz, president and CEO of 1291 Link-Belt Construction Equipment also participated in the launch.

Under the guidelines of the programme, an Ex-Im Bank representative will match assistance to AEM-member companies interested in supplying products to new or existing markets. The program will focus on Working Capital Guarantee and Export Credit Insurance, but companies may also be offered other Ex-Im Bank services. To qualify, companies must meet the US Small Business Administration definition of a small-medium business, produce goods in the US, demonstrate 51% US content for those goods, and have an export deal in the works.
Highway & Network Management

Related Content

  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Russia's GAZ Group and Terex agree joint venture
    February 13, 2012
    GAZ Group, part of Oleg Deripaska's Basic Element, and Terex Corporation have entered into an agreement to form a joint venture company to manufacture of construction and roadbuilding equipment in Russia.
    Read More
  • AEM looks to boost trade with Russia
    March 19, 2012
    The US-based Association of Equipment Manufacturers (AEM) is calling on the US authorities to take positive action that will help boost trade with Russia. With Russia joining the World Trade Organisation (WTO) in the coming months, the AEM is calling on the US authorities to grant Russia Permanent Normal Trade Relations (PNTR).
    Read More
  • Investing in compaction machine innovation
    March 14, 2012
    The Wirtgen Group is developing its manufacturing facilities outside of Germany. The company has extensive operations in Brazil and China and has now opened a new plant in India, which has started production already. Joint president Stefan Wirtgen said, “The first machine we made was a Hamm compactor. It is specially developed for the Indian market.”
    Read More

Highlighted Content