Here are some highlights about our major customers:
One of our customers is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. It is the leading steel company in Latin America with highly integrated processes for the manufacture of steel and value-added steel products. We have helped them manage their global credit risk for many years. Annual sales are more than eleven billion dollars.
Another of our customers is a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry with more than 20,000 employees around the world. It operates a network of manufacturing facilities, service yards and commercial offices that spans the globe, providing casing and tubing, line pipe and various other mechanical and structural steel pipes for multiple applications. Informed credit decisions are critical for this client and they send tough cases to us. Annual sales are more than seven billion dollars.
A third customer is a trading company that services niche areas in the metals trading industry around the world. Its diverse product basket includes steel, metallics and rolls, and customized engineering products for the aluminum industry. As a trading company, its business supports the entire supply chain encompassing global sourcing, distribution, sales and finance to partners. Open account trade credit is a very important part of the process. We help them with excess coverage that maximizes their sales.Annual sales are more than two hundred million dollars.
A fourth customer is an industry-leading importer of dining, occasional, bedroom and upholstery furniture. The company has extensive overseas sourcing and quality control expertise with employees on the ground in five different Asian offices. Trade credit is a critical component because the company distributes its products through furniture dealers including traditional brick-and-mortar furniture stores. The company’s credit line is based on the receivables that we help to insure. Annual sales are more than one hundred million dollars.