GE Capital Solutions, Amtech set 60-day financing for imports
By Furniture Today Staff -- Furniture Today, July 10, 2006
Hoffman Estates, Ill. — GE Capital Solutions has entered an agreement with Chinese exporter Amtech Management Ltd. to provide 60-day interest-free financing to retailers and other U.S. importers.
Under the new Trade Flow Finance program, GE will pay finance costs for a 60-day period on products sourced from Chinese factories that fall under Amtech Management's corporate umbrella.
This is aimed at lowering importing costs for importers that order full or mixed containers.
The companies did not identify the factories.
"We have relationships with several factories in China and export a wide range of home furnishings products for U.S. importers," said James Yang, a marketing director for Amtech.
"With the GE Trade Flow Finance service, we hope to increase our sales in the U.S. by making it easier for our customers to import, finance and sell our China-sourced products," Yang said.
Amtech is based in Hong Kong and has offices in Beijing and California.
The arrangement is similar to a program GE Capital Solutions announced in May that offers 60-day interest-free financing on products shipped from Chinese case goods producer Fullhouse Furniture Mfg. Corp.
For more information on either program, visit the Web sites www.ge.com/capitalsolutions or www.ge.com/cdf.
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