Category: Financial Industry

Benefits Earned By OSI Industries After Expanding Its Business Operations In Spain

Setting up a business in a new geographical area especially an international one can be very risky but most businesses still view it as a worthy risk. However, it is always wise in the field of business to carry out research on that place and do some considerations. For instance, Spain is one of the European countries that hauled behind when other countries in the continent were overcoming the recession period. However, despite the economic crisis in the country, there are numerous unexpected benefits such as well-developed infrastructure, the presence of a globalized market and improved business strategies. OSI Industries is one of the companies in the United States that saw the brighter side of the country and went ahead to establish their business in Spain.

OSI Industries acquired a new food facility in Toledo, Spain with the aim of increasing chicken production in the region. According to José María del Río, the managing director of OSI Food Solutions in Spain, demand for chicken products had increased tremendously both in Portugal and Spain. He remarked that the demand had reached a growth of 6 percent per annum a few years ago, but it has grown further to 8 percent every year for the past three years. Being positive that the trend will continue he highly supported the acquisition of the new plant in Toledo.

The new plant line lies on a 22,600 square feet space holding a new product development kitchen that is expected to help fulfill the diverse needs and preferences of customers. Other facilities held in it include refrigerated rooms designed to store waste containers, an employee lounge, shipping and receiving areas, supply storage area and a production area. David McDonald serves at OSI Industries as the COO, and he said that the new facility in Spain would help the company to increase their food products and services. He also said that this is a development that will enhance the growth and reputation of the company at large and benefit residents through the creation of employment opportunities.

The facility in Toledo Spain is expected to double chicken processing and increase chicken products from 12,000 tons per year to 24,000 tons. This growth in capacity is expected to meet the increasing demand for chicken products in the country. Also, with this production capacity, OSI Industries will increase its total production of pork, chicken and beef products combined to about 45,000 tons. The company had previously employed 140 people, but with the new production line, twenty more people will join the team including a new product development manager. Other companies may view Spain as a risky business region to venture in but based on the success of OSI Industries in the country, all is not lost, and any business can flourish as long as due diligence is applied in the process.

GreenSky Credit: David Zalik’s Best Venture

Do you need to remodel your kitchen? Is there a wedding or important surgery coming up? If so, GreenSky Credit can help. They offer a wide range of lenders that will you get the money you need to take care of those important encounters.

GreenSky Credit was founded by a man who skipped high school. Yes, David Zalik CEO did not go to high school and yet he is a billionaire. He runs GreenSky Credit as if he was born to do it. Zalik was born in Isreal and at the age of four, his parents moved him to America. He lived in the city of Alabama and went to college at 14. His dad worked at Auburn University and that was where he enrolled.

Zalik dropped out of college once he started a computer assembly company. Once he turned 22, he sold his company called MicroTech for a few million. This is a man whose main focus is to help homeowners get the loans they need and at the same time stay out of the spotlight. His first interview was at age 42 at Bloomberg’s headquarters. The reason for this is that he never saw the need to have any press involved in highlighting his business. Zalik is doing his best to keep GreenSky Credit out of the light involving going public on Wall Street. Yes, he signed papers to start the IPO process for his company.

How does GreenSky Credit work? Simple. You sign up online and a bank will pick up your application if you qualify for the credit. This company gives the most of the risk when it comes to dealing with borrowers. So, that means if a homeowner already has loans out or has a lot of debt, GreenSky will not work with them. They don’t want to run the risk of the bank calling in a default.

If you find yourself in need of some funding, let GreenSky Credit help you. Today is the day you get that project done. No other company can match you with good lenders like this one can.

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