OTTAWA, June 24 /CNW Telbec/ - Export Development Canada (EDC) today
announced it has provided CAD 35 million in financing to Trican Well Service
Ltd. (Trican), a Calgary-based company that is the world's fourth largest
oilfield pressure pumping company.
"EDC's support for Trican is an excellent example of a Canadian exporter
maximizing the diversity of their exports in key markets like the Middle East
and Eastern Europe, and taking advantage of the growth opportunities that are
still there," said Stephen Poloz, Senior Vice-President, Financing Group, EDC.
The financing will be used for international capital expenditures and
will help Trican support growth opportunities in existing foreign markets and
to expand into new markets.
EDC is Canada's export credit agency, offering innovative commercial
solutions to help Canadian exporters and investors expand their international
business. EDC's knowledge and partnerships are used by more than 8,300
Canadian companies and their global customers in up to 200 markets worldwide
each year. EDC is financially self-sustaining, a recognized leader in
financial reporting and economic analysis, and has been recognized as one of
Canada's Top 100 Employers for eight consecutive years.
For further information:
For further information: Phil Taylor, Export Development Canada, (613)
598-2904, Blackberry: email@example.com