Welcome!

News Feed Item

EDC's Bonding Products Help Quebec's Baultar Concept Secure Major Contract with Italian Rail Transport Giant

OTTAWA, ONTARIO -- (Marketwired) -- 08/27/14 -- Export Development Canada (EDC), Canada's leading financier and insurer of Canadian companies that sell internationally, today announced that it is providing Quebec-based Baultar Concept Inc. (Baultar) with a USD 374,000 advanced payment bond.

As part of Baultar's contract with AnsaldoBreda S.p.A, (AnsaldoBreda), a rail transport engineering company based in Italy. They were asked to provide a guarantee to match a USD 374,000 advanced payment. Baultar did not have the available capital to meet this requirement, so EDC provided the bonding guarantee to help secure the contract.

Baultar, which specializes in the design and manufacture of composite flooring, crew seating, lighting and other specialized accessories for the transportation industry, will manufacture the floors for trains that AnsaldoBreda is building for a major city in the U.S.

"EDC was able to help us win this contract with a financial instrument that we had never used before," said Alexandre Taranto, Baultar's Director of Finance. "This kind of product can be a game-changer for small companies, like ours, looking to grow their business abroad."

Baultar's transport solutions have been applied to more than 50 North American customers, including railcar and locomotive manufacturers as well as regional and national transportation authorities. Supported by their North American applications, the company is intensifying efforts to reach out to European and Asian markets.

"Anytime we can help a small Canadian company like Baultar secure a contract with an international giant like AnsaldoBreda, that's job number one for us," said Bruce Dunlop, EDC's Vice President of Commercial Markets and Small Business. "Small companies are the heart of the Canadian economy, but it can be difficult for a smaller business to win contracts with large international buyers because of their financial demands. Our job is to provide solutions that make it easier for companies like Baultar to grow their business abroad."

Small- to medium-sized enterprises (SMEs) like Baultar make up approximately 98 per cent of Canada's businesses, account for 45 per cent of GDP and 60 per cent of all jobs in Canada. Of the more than 1 million SMEs operating in Canada, only 41,000 are currently exporting. More than 75 per cent of these exports are going to the U.S., but moving forward, SMEs are poised to diversify and grow their presence in key emerging markets.

EDC served more than 7,000 customers in 2013, of which 80 per cent, or approximately 5,500, were SMEs. Most of EDC's products and services are designed to address many of the financial pain points of SMEs

About Baultar Concept Inc.

Baultar, who celebrates its 30th anniversary in 2014, is a Quebec-based company located in Windsor (the QC Eastern Townships) that employs approximately 90 employees. It provides transport solutions to the U.S., France, Mexico, Australia, Taiwan and Brazil. Their strengths reside in solving complex, costly and seemingly intractable problems at the heart of clients' operations. Through a process of continued research and development as well as continual improvement (the keystones of Baultar's corporate philosophy), their products have evolved to exceptional quality and durability.

About EDC

EDC is Canada's export credit agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private- and public-sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.

For more information about how EDC can help your company, visit www.edc.ca.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...