(OTTAWA) – June 24, 2009 – 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.
Phil Taylor
Export Development Canada
Tel.: (613) 598-2904
Blackberry: ptaylor@edc.ca
