The deal will see Teddington, which designs and manufactures highly specialised bellows and expansion joints; work with noise control and pipe support supplier Kinetics Middle East LLC to distribute its products throughout Dubai and Qatar.
Teddington already exports widely to the Gulf and its products have been used in the construction of both the Palm developments and Dubai's Burj Tower and Mall - a £4.2bn project that will create the world's tallest building.
This is the first time the company has attended Big 5, where it is exhibiting as part of a delegation of 16 companies assisted by International Business, the overseas trade and investment arm of the Welsh Assembly Government.
Jason Thomas, Commercial Manager at Teddington, said: "Between 65 and 70% of our business is in exports and the Middle Eastern market is very important to us - last year alone we secured contracts worth around £400,000 in the region. This high demand means we now need a more permanent presence in the Gulf and the deal with Kinetics will provide just that.
"Kinetics has been a customer for many years now and we feel its products are an excellent fit with the range we offer. Both companies are leading manufacturers in their field and are highly regarded in their respective areas."
Aziz Abouseda of Kinetics added: "Teddingon's products are used widely in the Gulf and make important contributions to many projects. The deal will help fill a significant gap in the market and it will now be easier for companies and developers throughout the region to access their expertise. We are very excited about working with Teddington and have a number of big projects on the horizon, including Dubai airport."
As well as supplying products to the construction industry, Teddington is one of only four companies worldwide with technological expertise qualified to manufacture bellows for the LNG cryogenic shipping industry. It was recently named Regional Exporter of the Year by International Business Wales and also exports to Europe and the Far East.
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Teddington Engineered Solutions signs major deal at Big 5 2007
- United Arab Emirates: Sunday, November 25 - 2007 at 15:52
- PRESS RELEASE
Welsh firm Teddington Engineered Solutions is proving the sky is the limit after securing a three-year deal potentially worth over £1m on the very first day of Big 5 2007.
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About International Business Wales (IBW)
International Business Wales (IBW) is the overseas trade arm of the Welsh Assembly Government. Export Assist is a £12.7 million IBW programme, aimed at small to medium sized enterprises based in the Objective 1 areas of Wales who are either first time exporters or looking to develop new international markets. It is supported by over £6 million of European Objective 1 funds, administered by the Welsh European Funding Office (WEFO) part of the Welsh Assembly Government.
This Programme will run from October 2005 until June 2008. Since its launch by the then Minister for Enterprise, Innovation and Networks, Mr Andrew Davies, over 870 companies have registered to the programme, over £119 million of overseas business has been secured for Welsh companies and over 45 new exporters have been created.
The Programme is made of a number of core elements:
1. A team of 15 highly experienced Export Development Counsellors (EDCs) has been recruited from the private sector, each with hands on experience of international trade. Based in the Objective 1 local authority areas, the EDCs provide local support for companies to develop their international trade capabilities.
2. The support provided by the EDCs is supplemented by the skills and expertise of a team of specialist consultants, each having an enviable track record of achievement in the international trading environment. These provide a business-to-business support tailored to the companies needs.
3. In addition to the business-to-business support, there is a programme of international trade workshops, focussing on a range of international trade issues. These workshops bring companies together to share their experiences of developing their business in overseas markets.
Posted by Medilyn Manibo, Assistant News EditorSunday, November 25 - 2007 at 15:52 UAE local time (GMT+4)
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