Dynamic Seal & Gasket, Inc. (DSG) was founded in Atlanta, Georgia in 1996 and moved to Sparks, Nevada shortly after. The company manufactures and distributes aftermarket diesel engine parts for mining, marine, and construction.
Challenge
With most of DSG's business being international, the company is no stranger to exporting or its challenges, one of which being the delay of shipments. Buyers are usually ready to pay according to the terms agreed upon with DSG, but cannot until they have product in-hand, which raises concerns about potential defaulting.
Solution
EXIM's Export Credit Insurance product has provided DSG and its buyers with peace of mind and business growth. DSG is able to continue assisting current buyers, while helping new buyers get started as distributors without having to worry about the risk of not getting paid or defaulting. This allows them to have bigger shipments and offer more in terms of product, leading to stronger relationships with their buyers. These relationships, along with quality, long-lasting products, have caused international demand and brand recognition to increase.
After Working With EXIM…
Watch this video series to hear more from Karen Brown on how DSG’s use of EXIM’s Export Credit Insurance has made a positive impact on the company and its customers.
Looking for assistance to start or expand your export journey? EXIM can help! Schedule a free consultation with a trade finance specialist today.
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