Tennessee companies honored
Posted: Tuesday, October 23, 2012 8:16 am
The state Department of Economic and Community Development has announced that Colonial Diversified Polymer Products LLC in Dyersburg and Global Industrial Components Inc. in Woodbury are recipients of the Governor’s Award for Trade Excellence.
The GATE Award honors large and small-size companies who have achieved excellence in engaging in global trade. The winners were presented their awards on Friday at the 59th Annual Governor’s Conference on Economic and Community Development.
“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. “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.”
Colonial DPP LLC is the recipient of the GATE Award in the large company category. The company was founded in 1946 and is one of North America’s more diverse rubber suppliers and currently exports to China, Korea, Argentina, Brazil, Turkey, Europe, Mexico and Canada.
GIC is the recipient of the GATE Award in the small company category. The company is headquartered in Woodbury and designs and manufactures a variety of metal products.
Tennessee companies exported more than $29.9 billion worth of goods and services to other countries in 2011, an increase of over 37 percent from 2007. Tennessee is the 14th largest exporting state in the U.S. and one of the country’s fastest growing exporters.
The 59th Annual Governor’s Conference on Economic and Community Development was held last week at the Renaissance Nashville Hotel.