FINANCIAL NEWS

Banz Trading signs USD100,000 contracts

08 Mar 2011

(MENAFN) Banz Group general manager,Aloke Rakshit, said that the company’s subsidiary Banz Trading and Contracting was able to secure deals totaling to USD100,000 in the Gulf Industry Fair (GIF) 2011, reported Gulf Daily News.

Rakshit said that one of the contract the company signed was a USD35,000 deal with Caprari, the Italy-based pump producer.

Rakshit said that the group secured approvals of the Industry and Commerce Ministry for representing Caprari products in Bahrain in sales, assembly and support operations.

In addition, the company stated that it signed contracts with Navistar International and Loctite adhesives and sealants at GIF.

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