Three Maine companies and one educational institution were recognized by the state’s trade association for their growth in global markets.
Maine International Trade Center annually recognizes companies that are growing exports. Last year, 2,087 Maine companies exported $2.8 billion in goods and services to 169 countries. The state’s top exports are seafood, semiconductors, aircraft parts and forest products.
Auburn Manufacturing in Auburn and Mechanic Falls won exporter of the year. The award recognizes a manufacturer that has demonstrated an ongoing commitment to international trade through increased exports. The company makes heat resistant textiles, such as fabrics, ropes, woven tapes, blankets and pads that can withstand high heat to the point of being fire resistant. Exports account for 25-30 percent of its sales.
In 2017, CEO Kathie Leonard filed a petition claiming Chinese manufacturers were dumping large amounts of unfairly subsidized heat resistant fabric into the U.S. market and won. The favorable ruling placed a 200-300 percent duty on the Chinese products. Leonard said they are slowly gaining back lost business and looking forward to adding more employees to the 52 who currently work at the company.
Read full article in Portland Press Herald