Global Industrial Components Inc., headquartered in Woodbury, is a recipient of the Governor’s Award for Trade Excellence, the Tennessee Department of Economic and Community Development announced.
GIC is the recipient of the award in the small company category. Located in Woodbury, the company designs and manufactures a variety of metal products. GIC has established a trading company in China and has hired a vice president of sales for Latin America with hopes of establishing a full model inMexico. The company also participated in the TNTrade trade mission to Mexico City in July.
The GATE Award honors large and small-size companies who have achieved excellence in engaging in global trade. The winners will be presented their award on Friday at the 59th annual Governor’s Conference on Economic and Community Development during the Governor’s Luncheon.
“Congratulations to this year’s GATE recipients for their exceptional efforts in regards to global trade and exporting,” Allen Borden, ECD assistant commissioner of Statewide Operations, said in a release. “Exporting opens up new markets and sources of revenue, and these companies are great examples of the impact Tennessee businesses can have in the global marketplace.”
Tennesseecompanies exported more than $29.9 billion worth of goods and services to other countries in 2011, an increase of more than 37 percent from 2007.Tennessee is the 14th largest exporting state in the U.S. and one of the country’s fastest growing exporters.
Also receiving a GATE Award in the large company category is Colonial DPP LLC in Dyersburg. Founded in 1946, the company is one of North America’s more diverse rubber suppliers and currently exports to China, Korea, Argentina, Brazil, Turkey, Europe, Mexico and Canada.
The 59th annual Governor’s Conference on Economic and Community Development will be held Thursday and Friday at the Renaissance Nashville Hotel. For more information on the conference, visit http://www.tnecdcon.com.