Facebook pixel

Jobs Boom in Pennsylvania as Flooring Firm Enters New Markets with Confidence

Exporter/Customer: 
Ecore International
Export Destinations: 
Canada, Saudi Arabia, Mexico, United Kingdom, United Arab Emirates, Japan
EXIM Bank Product: 
Multi-Buyer Export Credit Insurance
Export Sales ($): 
$6.6 million
Jobs Supported: 
135

flooring samples

In the late 1800’s, the Dodge Cork Company, a family-owned small business headquartered in Lancaster, Pennsylvania, began producing cork closures and surfaces for consumers.  During the 1960’s and 70’s, the company expanded its sales domestically and to customers in Canada, providing a resource for businesses, homes, designers, and architects alike. What began as a cork-based production business transitioned into a recycle rubber flooring company.

Renamed ECORE International in 1989 the company now sells flooring surfaces manufactured from recycled rubber tires throughout the world.  After more than a century of evolving operations, ECORE learned about EXIM in 2011 from its trade credit insurance broker Securitas Global Risk Solutions. In April of that year, ECORE started using EXIM Bank’s multii-buyer export credit insurance.

The insurance policy has enabled ECORE to protect against nonpayment risk, reach new buyers through more competitive terms and to finance their international receivables with their bank. Over the past five years since using EXIM, ECORE now has buyers in Mexico, United Arab Emirates, England and Japan. The company’s total sales have grown each year and the business has gone from 265 employees to more than 400 employees during that period, a 51% increase.

“EXIM has allowed the company to grow in countries not realized previously.”
Peter Saitis, Chief Financial Officer