Export Finance Australia provided financial support to tna for its latest project.
tna solutions (trading as tna) is a leading food processing and packaging technology solutions provider that has established itself as a global leader, thanks to its innovative solutions and in-depth experience. Founded in the early 80s, it has grown from an Australian packaging equipment manufacturer to an integrated solution partner for the food processing industry, with offices in over 30 locations and a presence in more than 120 countries.
French fries are a core application that tna provides expertise and solutions for, and is the focus of a recent project supported by Export Finance Australia. Erwin Mulders, CFO of tna, explained that finance was secured to launch a new, complete manufacturing line including processing, distribution and packaging systems, producing french fries, wedges and hash browns.
“In the past we’ve used our own funds for big projects like this and that has its limitations. By working with Export Finance Australia, we could use our own operational working capital for existing needs. Export Finance Australia’s support has helped our business and we are anticipating further large opportunities.”
Saxon Robinson, tna’s Chief Marketing Officer, added that tna is an ideal match for Export Finance Australia. “It’s quite rare that you come across a business that started in Australia and has taken on the world – and succeeded. We're proud of our accomplishments. There's a nice synergy between our profile and the services that Export Finance Australia offers.”
Just the beginning
Erwin explained the loan application process was straightforward and supportive. It also gave tna an opportunity to revisit its financing structure as a whole.
“We believe that Export Finance Australia will give us more flexibility around the financing of our projects. That's definitely the way we want to go,” he said.
For Erwin and his colleagues, they see this as the starting point of a longer-term relationship between tna and Export Finance Australia.