Wilmington Paper Corporation, a Pine Brook-based family-owned business specializing in creating recycling management programs in folding carton and converting plants around the globe, has been named an Exporter of the Year by the Export-Import Bank of the United States (EXIM).
EXIM made the announcement during it’s 2020 Annual Conference, held virtually Sept. 9-11.
Established in 1977, Wilmington Paper has introduced innovative recycling programs utilized by more than 250 facilities worldwide. In addition to exporting scrap, WPC provides a variety of services, including consultations that help customers establish recycling systems that capture fibers, plastics, and metals for resale, allowing them to generate revenue from their recyclables.
“I am honored to recognize Wilmington Paper Corporation on behalf of EXIM for its outstanding contributions to fulfilling our agency’s mission of supporting American jobs by facilitating U.S. exports,” said EXIM President and Chairman Kimberly A. Reed. “The winners of EXIM’s Exporter of the Year award come from every region of our country and many different industries, but all represent American ingenuity and success. Approximately 90 percent of EXIM’s authorizations directly support small businesses like the exporters being awarded today, and at EXIM we are proud to help in the success of these small businesses as they compete in the global marketplace and support American jobs.”
Exporting was a strategic growth initiative for Wilmington Paper from the outset. With the backing of an EXIM export credit insurance policy for environmentally beneficial products, the company was able to offer its foreign customers open account credit terms while at the same time reducing the risk of nonpayment. That allowed the company to enter crucial international markets in Asia, Europe, and South America that otherwise would have been too risky for a small business. Wilmington Paper’s exports account for about 40 percent of total sales and support half of the company’s 40 employees. Since 2014, EXIM has supported exports valued at nearly $17.2 million. The company’s policies are facilitated by EXIM broker Alliant Insurance Services, Inc., headquartered in California with offices nationwide.
“EXIM is integral to our business,” said Nini Krever, export xales xpecialist for Wilmington Paper. “Even though our claims have been minimal over the years, we would not have done the business we did without EXIM behind us.”
Since 2014, EXIM has supported exports valued at $3 billion from 142 companies — including 105 small businesses like Wilmington Paper Corporation — across Pennsylvania.
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