Suffolk-based Amarinth (www.amarinth.com), a manufacturer of equipment for use in the chemical and petrochemical industries, has won a £1.1 million export deal to supply 16 pumps to an oilfield development in Abu Dhabi, where they will be used in the crude oil treatment process.

Backed by the UK Export Finance agency, Lloyds Bank has provided the business with £372,000 in bonds which are specifically designed to help boost exporters’ working capital.

Alex Brigginshaw, director of Amarinth, said: “International trading has become a stricter process, and companies that make and sell products abroad aren’t always financial experts.

“The team at Lloyds Bank has helped us to agree some of the complex legal stipulations of things like letters of credit and bank guarantees, which has helped us a great deal.

“I’d recommend that anyone investigating export opportunities should seek as much advice as they can from their financial provider. Resources like the UKEF bonds and the International Trade Portal are invaluable to companies exploring overseas trade.”

Jonathan Hirst, relationship manager at Lloyds Bank, said: “Amarinth’s business relies on its strong international presence, which the company has successfully built up over the years.

“It’s great to be able to support its further growth, as the company targets new markets and opportunities.”