Wilmington Paper Corp. Named an Exporter of the Year by EXIM
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.
Sept. 23, 2020 - Wilmington Paper Corporation, a family-owned small business in Pine Brook, New Jersey, that exports scrap paper for recycling, has been named an Exporter of the Year by the Export-Import Bank of the United States (EXIM). 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, which was held virtually September 9-11.
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. Headquartered in New Jersey, 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 recognize Wilmington Paper Corporation on behalf of EXIM for its outstanding contributions to fulfilling our agency's mission of supporting American jobs by facilitating U.S. exports," said EXIM President and Chairman Kimberly A. Reed. "The winners of EXIM's Exporter of the Year award come from every region of our country and many different industries, but all represent American ingenuity and success."
Exporting was a strategic growth initiative for Wilmington Paper from the outset. With the backing of an EXIM export credit insurance policy for environmentally beneficial products, the company was able to offer its foreign customers open account credit terms while at the same time reducing the risk of nonpayment. That allowed the company to enter crucial international markets in Asia, Europe, and South America that otherwise would have been too risky for a small business.
Wilmington Paper's exports account for about 40 percent of total sales and support half of company's 40 employees. Since 2014, EXIM has supported exports valued at nearly $17.2 million. The company's policies are facilitated by EXIM broker Alliant Insurance Services, Inc., headquartered in California with offices nationwide.
"EXIM is integral to our business," said Nini Krever, Export Sales Specialist for Wilmington Paper. "Even though our claims have been minimal over the years, we would not have done the business we did without EXIM behind us."
Since 2014, EXIM has supported exports valued at $3 billion from 142 companies — including 105 small businesses like Wilmington Paper Corporation — across Pennsylvania.