NEWS 74 FEED & ADDITIVE MAGAZINE February 2023 Purchasing new equipment and solutions for processing, handling, and storage of grain and seed, as well as coffee, animal feed, foodstuffs and other bulk products is a big investment, and some companies and organizations may require assistance with funding. With its constant focus on customer needs, Cimbria announced that it has developed a new, structured approach to financing solutions that’s tailored to the customer’s specific requirements. Cimbria Financing is a key service offer and an important part of the company’s customer focused sales strategy. "With an ever-changing market situation, financing big investments can be extra challenging. Investments in projects and equipment to secure food supply are crucial, and the realization of them depends on the possibility of finding suitable financing," said Allan Olsen, Trade Finance Manager, Cimbria. He continues: "Our financing solutions are tailored for the customer’s specific business requirements and often offer lower costs and better conditions than what is locally available from banks and financing institutes. Our down-payment requirements are also attractive. Furthermore, an easy and fast decision process and generally low documentation requirements make up the customer’s most important advantages." Cimbria bases its financing solutions on a collaboration with national Export Credit Agencies (ECAs), whose main purpose is to secure and develop national jobs through funding of promising projects and solutions. As a part of AGCO Corporation, Cimbria also offers financing solutions through AGCO Finance. Read more>> Cimbria’s financing solutions support growth for customers Bente E. Torstensen (52) has been appointed as the new CEO of the Nofima research institute, succeeding Øyvind Fylling-Jensen upon his retirement this summer. Fylling-Jensen’s position was advertised last autumn, and after a thorough process, a unanimous board has appointed Bente Torstensen. “We felt it important to take our time over finding the best candidate. We received many highly skilled and well-qualified applicants, which indicates that Nofima is a highly recognised research institute. The board was heavily involved in the recruitment process, interviewing many candidates. We are confident that we have found the best one for Nofima,” said Chairman of the Board Thomas Farstad. He continues: “Bente has a solid research background. She also has plenty of management experience, a good network and understanding of the industry’s needs.” Farstad added that Torstensen is a positive and engaging leader with visions for further developing Nofima. “I can’t wait to start my new job this summer. All credit to Øyvind Fylling-Jensen for the work he’s done continuously since 2009 that has resulted in today’s relevant and solid Nofima. My goal is to further develop Nofima as one of the world’s most recognised research institutes for sustainable food systems,” said Torstensen. Read more>> Nofima appoints Bente Torstensen as new CEO Bente Torstensen
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