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News & Press: International Trade News

Olympic exporters turning in star performances

28 February 2014  
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A little known but fascinating fact is that the curling stone is one of the UK’s most unique exports. Last year, the manufacturer of the granite stone, Kays of Scotland, exported 1300 overseas – including the 66 that were used during the Sochi games.

It was a proud moment when athletes David Murdoch and Eve Muirhead clinched silver and bronze medals for curling at the recent Sochi Olympics.

The sport – which dates back to the 16th century – undoubtedly had the nation gripped and involved strong performances both on and off the ice.

The family-run firm has been trading since 1851 from its base at Mauchline, Ayrshire and uses the raw material of granite boulders from the Island of Ailsa Craig in the Firth of Clyde to produce the stones.

As the sport continues to grow worldwide, the business has seen overseas demand dramatically increase and is acknowledged as a global expert in its field.

Kays is one of many outstanding examples of exporting at its best. We wanted to take this opportunity to celebrate other vibrant companies trading overseas.

  • Motorbike manufacturer Triumph exports over 80% of its product overseas from its Hinckley factory
  • McClaren Automotive exports around 90% of the cars it manufacturers with the US being the biggest market by volume. Last year it opened four new showrooms in China  – its largest growth market
  • Cello Electronics Ltd has invested £1million in a new manufacturing plant in Bishop Auckland as part of a drive to increase exports to Germany, Ireland and the Netherlands. Half of the televisions it makes end up in German shops
  • Sunseeker Yachts exports almost 100% of its vessels internationally from its base in Poole, Dorset
  • Surrey Satellite Technology (SSTL) – the world’s leading small satellite company – has reported a year-on-year growth over the last ten years, with over 90% of earnings resulting from export orders

Readers of this blog are aware that the IOE is confident that the UK’s recovery will be export led and we are always delighted to champion exporting successes.

Figures released this week by the Office of National Statistics reveal that the economy grew by 0.7% in the fourth quarter of 2013 with a lesser dependence on consumer spending and a rise in exports and business investment.

A champion of embedding professionalism in international trade, the IOE is committed to equipping businesses with the skills to trade effectively. Our comprehensive offering includes business membership, providing access to training, services and expert advice.

As the only professional body in the UK to offer accredited training courses in export, import and International Trade we can help with whatever level of knowledge is required.

Visit our website for more information on the IOE’s business membership, training and qualifications or contact us if you have any questions.