SERV supports and assists Swiss enterprises with everything from strategic direction to the final payment for the export transaction.
Swiss start-up neustark AG
Facility stores CO2 permanently in demolished concrete
Neustark AG removes CO2 from the atmosphere by capturing the CO2 produced by biogas plants and storing it in mineral waste materials such as demolished concrete. The company sold a plant for injecting carbon dioxide into concrete granules to Germany. SERV supported this transaction by providing contract bond insurance and a counter guarantee.
To enable Switzerland to achieve its net-zero target by 2050, emissions need to be reduced and a considerable volume of CO2 also needs to be removed from our atmosphere. This innovative start-up has developed and deployed a solution that permits the permanent removal of CO2. Neustark is ambitious. It is already generating negative emissions, and its goal is to permanently remove one million tonnes of CO2 in 2030.
"Knowing that SERV has our back when we export a plant helps us maintain this high tempo."
Jakob Wrulich
CFO, neustark AG
An innovative start-up
Neustark AG, a start-up founded in 2019, offers solutions for permanent CO2 removal. The first fully commercial plant was delivered and successfully put into operation at the end of 2022. The company employs 95 people and has its head office in Berne. It currently operates 29 capture and storage sites in Switzerland and Europe.
A vision for a better future
The SERV policyholder neustark has a clear vision: to provide a better future for current and subsequent generations by enabling CO2 to be stored permanently. We are particularly pleased to support this visionary company with the export of a plant to Germany by providing contract bond insurance and a counter guarantee.
“If we are to hit our net-zero targets, climate technology solutions such as neustark’s must be scaled up as quickly as possible. To do this, we need to rapidly develop and deploy our technology, which is also an enormous financial undertaking. Knowing that SERV has our back when we export a plant helps us maintain this high tempo,” says Jakob Wrulich, CFO of neustark AG.
For more information, visit www.serv-ch.com/startup-neustark-en
An opulent historical drama
SERV supports the first co-production between RTS and Netflix
With the eight-part period drama series “Winter Palace”, Geneva-based production company Point Productions SA has surpassed anything previously filmed in Switzerland. SERV supported the project by providing working capital insurance and supplier credit insurance.
Point Productions was founded in 1996 and specialises in audiovisual production and cinema. The creators of “Winter Palace” came up with the original idea back in 2016. SRG/RTS and Point Productions then began developing the Swiss production more than seven years ago. To finance the production, the company teamed up with Netflix for the first time. The eight-part series was co-produced with the French studio Oble.
Filming began in October 2023 and ran until March 2024. It was an enormous undertaking, involving 18 weeks of filming in Switzerland, including in the Alps, 950 extras, 6 000 costume parts, a dozen horse-drawn carriages and sleds, and a technical crew of around 60.
"As entrepreneurs, we really appreciate the importance to our sector – in which the challenges are so uncertain – of having a financial player like SERV here in Switzerland."
Point Productions SA
The export good in this extraordinary export transaction was the audiovisual production service. SERV supported the project by insuring the working capital loan and providing supplier credit insurance to cover the payment default risk.
“We would like to pay tribute to the professionalism, collaborative approach and responsiveness of SERV’s team, who enabled us to put an effective plan in place at short notice. Guaranteeing cash flow was critical, and SERV’s support allowed us to honour the contracts with our crew and suppliers, who were able to commit to investments on the spot without waiting for payment from the end customer. As entrepreneurs, we really appreciate the importance to our sector – in which the challenges are so uncertain – of having this type of financial player here in Switzerland,” said a spokesperson at Point Productions.
For more information, visit www.serv-ch.com/winter-palace-en
The first urban ropeway in India
SERV is supporting Swiss exporter Bartholet’s project
Major cities all over the world are confronted daily by traffic chaos. Ropeways offer a broad range of benefits in local transport and are gaining relevance as a result. India is no exception. SERV is supporting the Swiss producer of the ropeway, which will become operational in 2025, with pre-shipment risk insurance and buyer credit insurance.
Bartholet Maschinenbau AG has been planning and building ropeways in mountain regions for more than 60 years. Innovative ideas involving ropeways are also increasingly being implemented in urban areas. New projects also present new risks, which is where SERV comes in for the Swiss exporter.
The urban location of this extraordinary and forward-looking project involved a number of challenges for the exporter. The evaluation of environmental and social risks in particular raised a fundamental issue. When planning a ropeway in a major city, the consequences for the natural environment and the affected communities are totally different to the repercussions of a similar project in a mountainous area. For SERV, it was vital to be involved in the process from the outset, as early as the first discussions about financing. This enabled the thorough review and consideration of all relevant factors.
"SERV not only offered us financial security but also placed their trust in us in a complex international environment."
Mathias Meier
Co-CEO, Bartholet Maschinenbau AG
This extraordinary export transaction with Swiss added value representing about three-quarters of the order value is covered by SERV. We are supporting the project with pre-shipment risk insurance and buyer credit insurance with a financing term of ten years.
“Thanks to SERV, we have successfully realised our ropeway project in India. SERV offered us not only financial security but also placed their trust in us in a complex international environment. SERV offers Swiss exporters a key advantage in international competition,” states Mathias Meier, Co-CEO of Bartholet.
For more information, visit www.serv-ch.com/varanasi-bartholet-en
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