FROM: U.S. EXPORT-IMPORT BANK
Export-Import Bank Small Business Success: Semi-Bulk Systems of Fenton, Mo.
Washington, D.C. – Semi-Bulk Systems (SBS) is a manufacturer of modular engineered process solutions involving dry ingredient handling and dry and liquid mixing systems for the food, beverage, and paint industries based in Fenton, Mo. As a result of financing support provided by the Export-Import Bank of the U.S. (Ex-Im Bank), the company has witnessed a considerable increase in export sales to global markets.
Founded in 1975, the St. Louis area company began utilizing Ex-Im Bank’s export credit insurance, which empowers companies to increase export sales by limiting their risk of buyer nonpayment. The company employs 30 people in Fenton, Mo.
“Without Ex-Im support, it would be difficult to pursue opportunities and offer products and services to our international customers around the world,” said Charles S. Alack, CEO and COO. “With Ex-Im support, however, our export sales have grown from 10 percent of total sales up to 50 percent.”
“Small businesses in Missouri like SBS that wish to boost their sales abroad and support more good-paying jobs at home have a reliable ally in Ex-Im Bank,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “In FY 2014 alone, Ex-Im Bank supported $83.9 million in Missouri exports, 67 percent of which were small business exports.”