WCCO Belting Earns Export-Import Bank of the United States ‘Exporter of the Year’ Award, Press Release
Award presented at EXIM’s Annual Conference in Washington, D.C.
WAHPETON, N.D. – December 20, 2022 – WCCO Belting (WCCO) earned the Export-Import Bank of the United States (EXIM) ‘Exporter of the Year’ Award at the organization’s 2022 Annual Conference in Washington, D.C. on December 13, 2022. The company was one of eight companies across the country to earn the award.
“There is only one thing worse than not getting an order – and that is getting the order, shipping it, and not getting paid,” said Tom Shorma, integration advisor and former CEO/president of WCCO Belting. “Then you’re out for the cash AND inventory. The U.S. EXIM Bank ensures a company gets paid for the products it sells, supporting its ability to compete worldwide. What started as a small family business would not have been as successful in exporting, growing its recognition as a global leader in its industry, without their support.”
WCCO Belting has relied on EXIM to reduce the risk of selling into other countries for nearly two decades. Most notably, the company obtained an EXIM Export Credit Multi-Buyer Insurance policy about 18 years ago that has since ensured it can collect on what it sells.
The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. Its mission is to support American jobs by facilitating the export of U.S. goods and services. When private sector lenders are unable or unwilling to provide financing, EXIM fills in the gap for American businesses by equipping them with the financing tools necessary to compete for global sales. In doing so, the agency levels the playing field for U.S. goods and services going up against foreign competition in overseas markets, which, in turn, enables American companies to create more American jobs.
About WCCO Belting
WCCO Belting is a rubber product brand of ContiTech Conveying Solutions and technology company, Continental. It is recognized globally as the premier belting for agricultural original equipment manufacturers and parts replacement. Its Raptor Draper Belting is the global gold standard. WCCO’s product portfolio also includes value innovative rubber belting solutions for the aggregate, recycling, package handling and recreation industries worldwide. The award-winning Conveying Solutions team supporting new product development, manufacturing process design, and service are effective in strengthening the bottom line for their customers and reducing the total cost of ownership of operators’ equipment. To learn more about WCCO Belting, visit www.wccobelt.com. To learn more about Continental, visit www.continental.com.
###
Photo caption: Reta Jo Lewis, President and Chair of the Board of Directors of the Export-Import Bank of the United States, and Tom Shorma, integration advisor and former CEO/president of WCCO Belting, pose for a photo with the 'Exporter of the Year' award.
Photo credit: EXIM Bank of the U.S.