TurboSonic announces CAD$4.25 million credit facility
by Jo Black
TurboSonic Technologies, Inc., a global leader in the design and supply of industrial air pollution control technologies, has established a CAD$4.25 million credit facility with a major Canadian chartered bank.
Edward Spink, TurboSonic’s CEO, said although we have operated for years without debt, we have arranged this credit facility in anticipation of growth in foreign markets.
It will strengthen our ability to negotiate international letters of credit and develop business opportunities abroad, he continued.
Our presence in international markets provides us with exciting growth opportunities created by the increasing demand for reduction of industrial air pollutants by the worldwide environmental movement, added Mr. Spink.
Our activities in Europe are contributing to our growth and this credit facility will enable us to build on this success, concluded Mr. Spink.
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