Watters Named to Sub-Saharan Africa

Wed February 12, 2003 - Northeast Edition

Joseph F. Watters, president of Hoffman International Inc., a Piscataway, NJ, exporter of construction equipment, has been appointed a member of the Sub-Saharan Africa Advisory Committee of the Export-Import (Ex-Im) Bank of the United States. He is one of only two committee members representing Small Business.

Committee members provide expert guidance to Ex-Im Bank in the development of policies to further strengthen Ex-Im support of U.S. exports to Africa. Watters’ firm has had considerable experience in the complex process of exporting new and used road-building, construction and related heavy equipment to African countries, including Ghana, Gabon, Senegal, Nigeria and Cameroon.

The Export-Import Bank of the United States, created in 1934, is a government-held corporation. Along with the private sector, Ex-Im Bank aids in the financing and facilitation of U. S. product exports. The bank guarantees working capital loans and loan repayment to U. S. exporters, and may make loans to foreign purchasers of U. S. exports, among its mandates.

Hoffman International distributes the products of 23 machinery manufacturers overseas. The vide variety of equipment includes machines used for construction, lifting, concrete-handling, and road-building. The firm manages all the aspects of each export project with a team of international heavy-equipment sales, service and logistics specialists.

Hoffman is completing its 32nd year of export business. The growing international share of the firm’s total business places it in a leadership position among heavy equipment exporters.

For more information, call 732/752-3600.