Press release
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
"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.
- 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.
Legion Finance Trade Limited
20-22 Wenlock Road, London, N1 7GU, United Kingdom
Press contact
Liljana Simonoska
Public Relation/Media Manager
www.legionfinancetrade.com
Email: lilsim@legionfinancetrade.com
Phone: +18005019809 Ext 710
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