Induron was one of 100 U.S. companies and organizations that participated in the Trade Winds-Latin America trade mission and business forum, organized by the U.S. Commercial Service and sponsored by the Alabama Department of Commerce. Induron President Davies Hood noted that exporting is important to the company’s future. He said, “If Induron is going to remain a family-owned business for another generation, we really need to be targeting international markets.”
Induron’s participation in the recent trade mission caught the attention of PCI Mag, Coatings Pro Magazine and Industrial Water World. Local publications, Business Alabama and Made in Alabama, also highlighted the Alabama companies that took part in a trade mission with hopes of expanding into potential new markets in Mexico, Chile and other Latin American countries.
Prior to the mission, PCI Mag and Coatings Pro Magazine captured Hood’s enthusiasm. “We are very excited about this unique opportunity to build upon our current successes and potentially add to our valued Latin American partners in Colombia and Peru,” Hood said. “Induron will continue to grow not only nationally, but also internationally with the potential of new business partners in Mexico and Chile that fall in line with Induron’s mission.”
While on the trade mission, Hood visited Mexico and Chile to meet with potential partners about business opportunities in the region and viewed the mission as a productive first step. “We had some very positive meetings, all with the right people,” Hood told Industrial Water World. “I’m lining up a follow-up trip to Mexico and we’re in talks with potential partners in Chile.”
According to Made in Alabama, “Last year, Alabama’s exports totaled $19.37 billion, holding steady at near-record levels despite headwinds in global markets. Alabama exports have grown 25 percent since 2010 and 78 percent in the past decade. Likewise, in Industrial Water World’s article, Robert Stackpole, director of the U.S. Commercial Service team in Alabama, noted that Latin America is a perfect market for companies like Induron to look to for opportunities because the region is looking to invest in infrastructure and trusts that U.S. products are the global standard.
Induron is excited about its success at the Trade Winds-Latin America trade mission and looks forward to continuing to explore opportunities in new markets!