Camatic
Camatic is a Victorian-based company that manufactures commercial and venue seating for stadiums, theatres and cinemas.
Need
Camatic required additional funding to meet the manufacture, delivery and installation requirements of five new contracts in the US and UAE.
Solution
We were able to provide US$2.5 million via three Export Contract Loans, which enabled it to fulfil the contracts
With a focus on innovative design and manufacturing excellence, the company has had success, both domestically and internationally, having completed projects for the Sydney Opera House, Melbourne Cricket Ground and the stadium for the Atlanta Olympics.
We have previously provided Camatic with an Export Working Capital Guarantee to support a seating contract for a large football stadium in California, US.
With our support, Camatic was able to manufacture, deliver and install the seats required for the stadium.
Export Finance Australia’s support was critical in allowing us to deliver
on a series of new contracts across two export markets.
Glenn Gembetta
Chief Operating Officer, Camatic
A new opportunity
With a growing pipeline of opportunities and contracts from around the globe, Camatic required additional funding to meet the manufacture, delivery and installation requirements of five new contracts in the US and UAE.
A helping hand
While Camatic’s bank was very supportive of these new contracts, it was unable to provide the funding required, given Camatic’s insufficient tangible security.
By focusing on Camatic’s proven technical ability and expertise, we were able to provide US$2.5 million via three Export Contract Loans, which enabled it to fulfil the contracts.
