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Aerospace and Automotive Provider Expands into North America with Help from GE Commercial Finance.


NORWALK, Conn. -- GE Commercial Finance, Commercial & Industrial Finance Closes EUR EUR

In currencies, this is the abbreviation for the Euro.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 200 Million Agreement with Mecachrome International Inc.

After relocating its headquarters from Paris to Montreal, Mecachrome International Inc. is making its move into the North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 market with the help of GE Commercial Finance, Commercial & Industrial Finance (CIF (1) (Common Intermediate Format) A standard video format used in videoconferencing. CIF formats are defined by their resolution, and standards both above and below the original resolution have been established. The original CIF is also known as Full CIF (FCIF). )(NYSE NYSE

See: New York Stock Exchange
: GE).

GE Commercial Finance recently closed a EUR 200 million refinancing agreement with Mecachrome International Inc., a designer and manufacturer of automotive, motor sport and aerospace/aircraft components. In addition to the refinancing agreement, Mecachrome also utilized GE's "At the Customer, For the Customer" (ACFC ACFC American Coalition for Fathers and Children
ACFC Address and Control Field Compression
ACFC American Cash Flow Corporation
ACFC At the Customer for the Customer
ACFC Association of Canadian Film Craftspeople
ACFC Association of Canadian Financial Corporations
) program, which shares GE's renowned business practices, improvement tools and training programs.

"GE Commercial Finance is a key strategic and financial partner for us," said Guillaume Casella, Co-CEO, Mecachrome International. "We teamed up with GE because they have demonstrated their long-term commitment in helping us attain our growth objectives."

GE Commercial Finance offered their ACFC program to assist Mecachrome in its desire to become a worldwide supplier to the aerospace and automotive industries Automotive Industries, Ltd. (Hebrew: תעשיות רכב נצרת עלית, תע"ר . By initiating relationships with sister GE businesses, and assisting Mecachrome on Six Sigma Not to be confused with Sigma 6.
Six Sigma is a set of practices originally developed by Motorola to systematically improve processes by eliminating defects.[1] A defect is defined as nonconformity of a product or service to its specifications.
 projects designed to streamline its business, GE Commercial Finance was able to bring more than financing capabilities to the table.

"Our goal is to provide each customer with a solution that is in-line with their financial and business needs," said Dennis Bickerstaff, Managing Director of Mid-Atlantic and Canadian Sales for GE Commercial Finance. "We looked at everything GE had to offer -- from financing solutions to expert counsel on cost and risk reduction -- to put together a package that will help take Mecachrome to the next level."

About GE Commercial Finance, Commercial & Industrial Finance

GE Commercial & Industrial Finance, a unit of GE Commercial Finance, is a premier global provider of structured financing solutions to the commercial and industrial marketplace. It provides innovative financing solutions for a broad array of customer needs including recapitalization, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
  • Control secondary market, offer the ability to up-grade and trade-in.
  • Converts cash buyers of small machines to larger, more expensive purchases.
, and growth capital. With over $10 billion in served assets, Commercial & Industrial Finance has the expertise and funding capability to deliver exceptional financing solutions.

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of more than US$230 billion and is headquartered in Stamford, Conn., USA. General Electric (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better.

About Mecachrome International Inc

Mecachrome International is a privately-owned Canadian corporation founded in France more than 60 years ago. Mecachrome has operations in three major sectors: the aeronautic aer·o·nau·tic   also aer·o·nau·ti·cal
adj.
Of or relating to aeronautics.



aero·nau
 sector since 1950, the production automobile sector since 1995 and the motor sport sector since 1976.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 20, 2005
Words:434
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