With expansion abroad a focus for one in five companies according to recent figures, it is fitting that one of the Essex based winners of the Queen’s Award for Enterprise, Spraydry Technologies, is being presented with an award for International Trade this week. The award will be presented by Essex County Council’s Lord Lieutenant.
Spraydry Technologies which supplies spray drying systems into the food, dairy and chemical production industries has seen vastly increased demands for their products leading to a 2,375% growth in export sales over the last three years.
“Recognition by the Queens Award further reinforces our growing reputation for supplying first class spray drying systems which offer the highest standards of quality and performance whilst also providing significant cost savings when compared to other European manufacturers.
The prestigious Queens Award will be an invaluable asset to further promote our business in both the domestic and global markets.”
Gareth Hine, Head of Global Sales, European Spraydry Technologies
Companies keen to increase their export trade
Recent figures from the annual survey of business views by Santander shows one in five bosses of firms with ten to 240 staff now describe expansion abroad as their main aim for the business which is a huge leap from less than one in 30 five years ago.
‘It is promising that nearly a fifth of firms are focused on international expansion as exporting our products and services overseas is key to ensuring a stable and resilient economy.’
Mike Reeves, Joint Managing Director of Small and Medium-sized Enterprise Banking, Santander
Despite a tough few years for UK exporters, breaking into new overseas markets is still a major part of mid-sized businesses expansion plans, with up to 9% of businesses in Essex alone looking to export their products to China.
Winning businesses from a variety of industries
This year’s International Trade winners from the Essex represent a wide range of products and services covering sectors including manufacturing and environmental technologies. To be considered for the International Trade category, entrants must demonstrate that their business has achieved substantial growth in overseas revenue and commercial success.
Another International Trade winner from Essex is Rega Research Ltd who is tapping into the resurgence of the vinyl records industry with their design and manufacture of domestic high fidelity sound systems. The company have shown outstanding sales growth, along with strategic sales development as they continue to look for new worldwide markets.
The Queen’s Award
The Queens Award is made annually by HM The Queen, and is only given for the highest levels of excellence demonstrated in the categories of International Trade, Innovation and Sustainable Development. It is awarded by HM The Queen, based on the recommendation of the Prime Minister.
Source [This Is Money] [Santander annual survey of business views]