Comin’s Journey to Success with Cat Financial and Ferreyros

Comin's collaboration with Cat Financial and Cat® dealer Ferreyros drives innovation and operational efficiency

Comin, Ferreyros, and Cat Financial Drive Success Together

Since its inception in 2001, Comin has evolved from a rental company specializing in heavy mining machinery to a leader in construction projects, earth moving, and open pit mining. This transformation is fueled by their commitment to sustainable growth and innovation, supported by a robust collaboration with Cat^® dealer Ferreyros and Cat Financial. 

Case Study

CUSTOMER:

Comin S.A.C.

INDUSTRY:

Heavy Machinery Rentals

SOLUTION:

Financing, EPP, CVA, Certified Rebuild

LOCATION:

Lima, Peru

DEALER:

Ferreyros

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A Cat Financial Customer Story

Peruvian company Comin S.A.C. (Comin) began its journey in 2001 as a rental company specializing in heavy mining machinery. As a family-owned and operated business, Comin has always emphasized sustainable growth and innovation. Over the years, it has expanded its focus to include construction projects, earth moving, and open pit mining. Cat Financial and Cat® dealer Ferreyros S.A. (Ferreyros) have been instrumental in its growth, and the efficiency of this relationship reflects the team's commitment to excellence and adapting to market demands.

A Relationship That Works

The relationship between Comin, Ferreyros, and Cat Financial creates a winning team built on trust, support, and shared goals. Working with Cat Financial means Comin’s benefits from extensive industry knowledge and experience, which helps Comin make informed decisions about its fleet and financing options.

Comin turns to Ferreyros for crucial aftermarket support and maintenance services. When it needs financial resources to expand operations and scale the business, Comin knows Cat Financial has them covered.

“Comin’s growth would not have been possible if Cat Financial hadn’t provided that confidence, that financial and technical support all these years,” says Omar Reyes, Owner and CEO of Comin.

Customized Solutions

One of the keys to Comin's success comes from its relationship with Cat Financial and Ferreyros, and the tailored solutions they work to create. This collaboration allows Comin to access a comprehensive range of Cat products and services and benefit from a seamless experience that has helped it expand its business.

Reyes describes the results of this collaboration: "The relationship we have between Ferreyros, Cat Financial and Comin is very valuable. It is very important because it allows us to access the entire product range Caterpillar has, from the purchase of the machinery, aftermarket service, maintenance and the comprehensive maintenance programs we have today.”

Reyes notes that the support provided by Cat Financial also extends to financial planning: "They allow us to achieve correct planning of maintenance and associate it with financial planning. It also allows us to ensure that the machines are properly maintained, and thus their mechanical availability and the guarantee that they are well taken care of is greater."

Certified Rebuild Financing

The relationship with Cat Financial gives Comin access to the Certified Rebuild financing program. By offering financing options that cover the rebuild costs, Cat Financial makes it easier for Comin to maintain its fleet without straining its budget.

Certified Rebuilds enhance operational efficiency and provide significant cost benefits. Alvaro Vizcardo, Commercial Director at Ferreyros, explains, "It's a product that makes it possible to achieve an expected service life equivalent to a new machine but at a lower cost, which in turn makes it possible to have lower operating costs and be more competitive in the marketplace."

Comin has financed everything with Cat Financial from aftermarket parts to repairs and rebuilds, demonstrating its trust in Cat Financial and the certified rebuild program to supports its operational goals.

The Winning Team

The collaboration between Comin, Cat Financial, and Ferreyros creates a winning team that drives success. Each collaborator plays a vital role in ensuring Comin can access the full range of Caterpillar products and services needed to achieve its goals. For Cat Financial, that means offering the customized financing solutions that our customers need. "For customers, Cat Financial is not just a bank," says Asier Cilloniz, Territory Manager at Cat Financial. “Cat Financial offers end-to-end solutions.” This comprehensive approach is what leads Reyes to claim, “This growth has been possible thanks to the support of Ferreyros and Cat Financial.”