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Engel 'acts like a bank' with loans to buy its machines

In addition to the finance packages from Deutsche Leasing which Engel explained to its customers at the technical symposium it held in Austria at the end of May the company is also now using its independent family-owned status to help its customers raise money to buy its injection moulding machines.

     Subject to the usual credit checks Engel is offering international customers loans to help cover current investment planning. It describes the scheme as “acting like a local bank, quickly and unbureaucratically closing financing gaps to beat the credit crunch.”



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