The search is on for the best new exporters in the North East.
The New Exporters’ prize, presented at the North East Exporters’ Awards, celebrates businesses that started exporting within the last two years - and have seen significant success in one or more markets.
The award is open to companies across the region - and with a deadline of May 1, there are just a couple of weeks left to get entries in.
Last years’ winner was CorDEX Instruments Ltd, based in Middlesbrough, which has grown more than seven-fold since it set up five years ago, and almost every penny has been put back into research and development.
The company, which employs about 18, has grown export sales particularly in North America and Asia, with the company picking up the coveted Queen’s Award for its achievements.
The business moved to Teesside three years ago to be more accessible for its mostly North East based staff. It has now produced a fourth generation of its core product, an explosion proof digital camera, and has a “very strong development pipeline” of new products coming through.
Meanwhile, the company’s intrinsically safe thermal imaging camera is the first of its kind in the world.
In determining 2015’s winner, the judges will consider factors including the product range being exported, the complexity and number of markets served, company and team performance, any obstacles to success - and percentage of growth in export sales, among others.
Serving more “complex and lucrative high growth markets”, such as Brazil, China, Columbia, Egypt, Hong Kong, India, Indonesia, Malaysia, Mexico, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey, UAE and Vietnam, will also be taken into account.
The awards will be presented at the North East Exporters’ dinner on June 25. It is a partnership between North East Chamber of Commerce, UKTI, HSBC, PD Ports and ncjMedia.