Exporters: Norwalk Compressor Co. - Stratford, CT
Transaction: Working Capital Loan Guarantee
Export Sales: $4.5 million
Established back in 1864, Norwalk Compressor designs, manufactures, and field tests its own brand of reciprocating gas compressors. Typical markets are chemical, cogeneration, fuels, industrial, off-shore, oil-field, petrochemical, and refinery facilities.
Norwalk Compressor has been using Ex-Im Bank’s working capital loan guarantee to fulfill its worldwide sales orders since 1996. It has used $4.5 million over the last three fiscal years ($1.35 million, $1.35 million and $1.8 million) to provide the cash flow to pay for raw materials, equipment, supplies, labor and overhead to produce their gas compressors for export.