PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Capital Finances Ozinga’s Switch to Compressed Natural Gas - Includes CNG trucks and refueling stations; goal is to achieve energy independence (NYSE: GE) - Ozinga.com / GE-Energy.com
GE Capital Finances Ozinga’s Switch to Compressed Natural Gas

 

NewswireToday - /newswire/ - Norwalk, CT, United States, 2013/06/26 - Includes CNG trucks and refueling stations; goal is to achieve energy independence (NYSE: GE) - Ozinga.com / GE-Energy.com. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GE Capital announced today that it is financing ready-mix concrete firm Ozinga Bros.’ purchase of concrete trucks, loaders and other equipment powered by compressed natural gas (CNG). The financing will also be used to purchase GE’s CNG fueling stations, the CNG In A Box™ system.

Mokena, IL-based Ozinga began testing CNG-powered concrete mixer trucks in 2011 with a goal of reducing its reliance on foreign petroleum and diminishing its carbon footprint. After learning that the new CNG engines reduced carbon emissions by 80-90 percent while offering the same horsepower and torque performance as traditional diesel engines, Ozinga pledged to switch its fleet of approximately 500 concrete mixer trucks to CNG by 2020.

“Once we began operating CNG trucks, we quickly realized the value of adding natural gas fuel to our operations because it’s abundant and affordable,” said Marty Ozinga IV, president of the fourth-generation family-owned company. “This is one more step on the path to achieving energy independence and expanding the use of alternative energy in the Chicago area.”

A GE Capital customer since 1990, Ozinga will use the majority of the funds to purchase CNG-powered ready mix trucks along with other necessary equipment. To ease the refueling process for its fleet, Ozinga plans to install four CNG In A Box systems, which are plug-and-play on-site CNG fueling stations developed by GE Oil & Gas in collaboration with Chesapeake Energy Corporation.

“We’re very pleased to help Ozinga accelerate the adoption of natural gas-powered commercial vehicles,” said Eric Dusch, equipment finance chief commercial officer at GE Capital, Corporate Finance. “This transaction brings together innovative solutions from GE Oil & Gas and GE Capital to help an American business grow and expand.”

In addition to GE Capital, Corporate Finance serving as a major underwriter on Ozinga’s equipment loan, GE Capital’s Equipment Finance business will provide the funds needed to acquire and install the CNG In A Box systems.

This GE ecomagination™ qualified refueling option provides an easy, lower-cost fueling experience and a higher-margin solution for facility operators compared to gasoline or diesel.

For more information about CNG In A Box or the benefits of natural gas vehicles (NGVs) visit ge-energy.com. Interested parties may also contact Sean Gannon by calling (212) 587-5059.

About Ozinga Bros.
Ozinga (ozinga.com) is the Midwest’s premier supplier of concrete and building materials. It provides ready-mix concrete, decorative concrete supplies and bulk materials. It also offers transportation services through an extensive network of truck, rail, barge and ship terminals. Its red-and-white striped concrete mixer trucks are easily recognizable in the Chicagoland area and beyond.

About GE Capital, Americas
GE Capital, Americas (gecapital.com) is a leading provider of equipment and inventory financing, capital for corporate acquisitions, refinancings and restructurings, and services to manage vehicle fleets and other equipment. With deep expertise spanning 40+ industries, we deliver financing and services to nearly 300,000 customers in the U.S., Canada and Latin America. With Access GE, clients also benefit from access to GE’s best practices to help build their business.

GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

Contact
Allison Perkins - GE Capital, Americas
P: +1 203 229 1447 / M: +1 203 570 6111
E: allison.perkins[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Finances Ozinga’s Switch to Compressed Natural Gas

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center | Ozinga Bros.
Publisher Contact: Lisa Tibbitts - GE Capital Americas 
203-956-4582 lisa.tibbitts[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

Liquefied Gas Pump Market to Record an Exponential CAGR by 2026 According to Persistence Market Research
GE and Solairedirect India Partner for the Next 25 Years
ENGIE Wins Major Contract with Transport for London
Boost in Genset Manufacturing Activity to Resolve Power Challenges in the Southern African Region Finds Frost & Sullivan
ENGIE to Become Worldwide Leader of Independent District Cooling by Acquiring A 40% Stake in Tabreed from Mubadala
Asia-Pacific Renewable Energy Inverters Market Leverages Favourable Targets and Feed-in Tariffs to Catalyze Growth, finds Frost & Sullivan
GE Introduces Rugged, Resilient Power Supply for Industrial Applications
Energy Technology Developers Focus on Sustainability and Efficiency to Stay Relevant in a Changing Market Finds Frost & Sullivan
Baker Hughes and GE Announce Executive Leadership Team for Baker Hughes, a GE Company
Enel Green Power Acquires Two Wind Farms in Campania from Amec Foster Wheeler
Enel and Rosseti Sign MoU for Cooperation in Innovative Smart Grid Solutions
World’s Largest Floating Photovoltaic Power Plant Test-bed Features ABB Technology
Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)