Presents Award to Third-Generation, Family-Owned Business, Specializing in Creating Recycling Management Programs
FOR IMMEDIATE RELEASE October 2, 2020
Office of Communications (202) 565-3207
WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today presented an Exporter of the Year award to Wilmington Paper Corporation, a small business in Pine Brook, New Jersey, that exports scrap paper for recycling. The company, which has used EXIM’s export credit insurance to support its international sales since 2009, was honored during EXIM’s 2020 Annual Conference, the largest conference in the agency’s history.
Established in 1977, Wilmington Paper is a third-generation family-owned business that specializes in creating recycling management programs in folding carton and converting plants around the globe. The company has introduced innovative recycling programs utilized by more than 250 facilities worldwide. In addition to exporting scrap paper, Wilmington Paper provides a variety of services, including consultations that help customers establish recycling systems that capture fibers, plastics, and metals for resale, allowing them to generate revenue from their recyclables.
“I am honored to be able to present this award on behalf of EXIM to Wilmington Paper Corporation for its outstanding contributions to fulfilling our agency’s mission of supporting American jobs by facilitating U.S. exports,” said Chairman Reed. “This small business represents the backbone of the American economy, and EXIM is proud to be a part of their success.”
Since 2014, EXIM has supported exports valued at $3 billion from 142 companies — including 105 small businesses like Wilmington Paper Corporation — across New Jersey.
U.S. companies, particularly small businesses, can utilize EXIM’s financing tools and resources to increase their international sales, showcase their “Made in the USA” products, and sustain American jobs. By partnering with EXIM, exporters can mitigate the risk of nonpayment on international sales, offer credit terms to foreign buyers, and access working capital loan guarantees. In addition, EXIM has implemented several COVID-19 (coronavirus) relief measures for U.S. exporters and financial institutions to enhance the agency’s existing programs.
EXIM Chairman Kimberly A. Reed Presents Exporter of the Year Award to (L-R) Wilmington Paper Chief Financial Officer Joseph Byrne, Vice President of Sales Brett Lurie, and Operations Manager Joshua Lurie
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.