“Exports equal jobs here in the U.S. We would not be where we are without Ex-Im Bank resources that assign small businesses the highest priority," said Wallquest Vice President Jack Collins.
Wayne, PA (PRWEB) April 8, 2011
Wallquest Inc., one of the largest and most innovative wall covering manufacturers in the world, received the prestigious 2011 Small Business Exporter of the Year award recently from the Export-Import Bank of the United States (Ex-Im Bank) at the Bank's 36th Annual Conference – "Government at the Speed of Business" in Washington, D.C.
Wallquest has seen its exports soar 76 percent to over $17 million in 2010 while supporting American jobs. Its work force doubled to more than 150 people at facilities in Pennsylvania, New York and New Jersey.
Wallquest exports to approximately 90 foreign buyers in over 50 countries, including China, Saudi Arabia, Turkey, Brazil, Russia, and the United Arab Emirates (UAE). Its broad collection of wall coverings presents a style and variety second to none.
"Almost all of our growth over the last few years has been in the export market, and Ex-Im Bank and PNC have really helped us expand our global business,” said Wallquest Vice President Jack Collins. “Exports equal jobs here in the U.S. We would not be where we are without Ex-Im Bank resources that assign small businesses the highest priority.”
According to Ex-Im Bank Chairman Fred P. Hochberg, the economic impact of increasing exports extends far beyond the walls of the factory where products are made. These benefits pass through to suppliers that provide the materials and services needed in the manufacturing process.
“Wallquest is an excellent example of how innovative, small businesses can grow and create jobs here at home," said Hochberg. "We hope this proactive company's example will inspire many more U.S. small businesses to use government resources to expand globally while supporting U.S. jobs. I am delighted to present Wallquest with this well-earned award."
Wallquest uses a variety of printing techniques to produce innovative wall covering designs in an environmentally conscious manner. Its facilities use only water-based inks, and all of its papers are sourced from Forest Stewardship Council (FSC)-certified sources. As part of the recycling process, no excess waste/inks are released into the public water system, and all of the surplus inks are taken off site and properly processed and disposed.
The Wallquest staff of talented artists creates distinctive collections by staying current with trends as well as drawing on its rich heritage of style and cultural themes. Today the company has three manufacturing plants in the United States. Quality, color and design, product innovation and unwavering dedication to tradition have earned the company a respected place in the global home furnishings sector.
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private sector export financing at no cost to American taxpayers. The Bank provides a variety of financing products, including working capital guarantees, export-credit insurance, and financing to help foreign buyers purchase U.S. capital goods and services. By charging fees and interest on all loan related transactions, Ex-Im Bank is self-sustaining. It is able to cover all operation costs and potential losses while also producing revenue. The Bank has generated $3.4 billion for U.S. taxpayers over the past five years.
For additional information, visit http://www.wallquest.com.