A Staffordshire ceramics company plans to explore new business
opportunities in South Korea, thanks to UK Trade & Investment
(UKTI).
Johnson Tiles, of Stoke-on-Trent, has won an Overseas Market
Introduction Service (OMIS) from UKTI after taking part in research
to find out companies' future export plans and potential.
An OMIS is a detailed in-country report giving UK companies
access to market and sector specific advice as well as offering
introductions and support during in-country visits.
Established in 1901, Johnson Tiles is one of the UK's leading
manufacturers of ceramic wall and floor tiles. Exports form a key
part of its business strategy, accounting for 15 per cent of
sales.
The company's main export markets include the US, Russia, the
Middle East and the Far East.
Export sales director Karen Brindley said: "Johnson Tiles has
worked closely with UKTI for several years and has recently used
its OMIS service to conduct research into Japan, the US and
Canada.
"We look forward to commissioning the report we have won on
South Korea as part of our initiative to promote high-end British
products into this market and to widen our network of international
contacts."
The UKTI research, in which Johnson Tiles participated, found
that more than 75% of British small and medium-sized businesses are
planning to export more goods and services in the coming year to
more markets.
'From Surviving to Thriving: Doing Business Overseas' is based
on a survey of more than 200 British companies, predominantly SMEs.
Conducted by the Institute of Directors, the results offer fresh
insights from companies about their future export plans and
potential.
Launching the new research this morning, Business and Enterprise
Minister Mark Prisk said:
"Exports account for 60 per cent of UK productivity growth and
provide genuine benefits for British SMEs. Research shows that
firms which export increase their productivity by nearly 35 per
cent in the first year alone, they achieve stronger financial
performance and are 11 per cent more likely to stay in
business.
"Put simply, exporting can be the difference between surviving
and thriving for SMEs.
"While today's new report is encouraging, just one in 25 British
companies are exporting. I want to encourage more SMEs to get
exporting, and so grow."
Key findings include:
· UK SME exporters are upbeat about the future.
Three-quarters of respondents (75%) plan to export more over the
next twelve months.
· Nearly 80% of companies expect the number of countries
they deal with to increase.
· Conducting business overseas is a catalyst for
innovation, with companies developing new and modified products to
meet the needs of international customers. More than three fifths
of respondents (62%) claimed that they develop new products and
services when doing business overseas and an even higher proportion
(72%) make changes or modifications to existing products or
services.
· 55% of respondents said the European Economic Area was
the first port of call for exporting.
· 27% of companies are interested in exporting to the
Middle East and Asia, while 24% favoured Russia and Eastern Europe
as an export destination.
· 63% of respondents said exporting improved their
company's profile and credibility.
Director General of the IoD Miles Templeman said:
"The IoD urges more businesses to seize the opportunity of
growing export markets. This message is as relevant to small and
medium-sized companies as it is for large ones. With the right
strategy, business of all sizes can benefit hugely from
international expansion."
In the last 12 months, UKTI has helped around 4,000 businesses
in the West Midlands to export. Ninety per cent of UKTI's customers
are small and medium-sized businesses.