The Maine International Trade Center is recognizing four organizations with its 2017 International Trade and Investment Awards, including Yale Cordage as its Exporter of the Year. The awards will be presented during Maine International Trade Day on May 25 at the Cross Insurance Center in Bangor.
Yale Cordage, based in Saco, makes high-performance synthetic ropes and rope systems that are used in national defense, science and industry, sport and recreation, and professional arboriculture. The company exports its products to more than 30 countries, with a concentration on markets in the European Union, according to a news release from MITC.
“The change in the Euro value to the U.S. dollar is an area to watch, and the effects of Brexit are of particular interest,” William Putnam, president of Yale Cordage, said in the news release. “Our historical export business to the UK has been very strong, and we are very concerned about currency changes between the USD, Euro and GB pound. We feel that strong relationships with our customers, great products, and the guidance and assistance from MITC to explore new markets can help navigate the changing economic climate in the EU.”