CorDEX Instruments Ltd is proud to announce that it has won the Queen’s Award for International Trade 2014 and the North East Business Awards 2014.
Queen’s Award for International Trade 2014.
The prestigious award was granted due to the phenomenal global expansion of CorDEX since its establishment in 2009. Our success is due to the development of new and innovative products that are in high demand worldwide. In 2013, 83% of CorDEX’s annual sales were from export. In 2012 and 2011 the figure was at 72%.
The company started with distribution across the UK and Europe, but within a year had established its presence in North America and Asia. CorDEX now has a distributor network across Asia (including India and South Korea), North America and Australia, as well as Europe. North America accounts for over 50% of the company’s sales.
Craig Bell, Managing Director says “The team we have at CorDEX is an incredibly strong one, and these awards are truly for everyone that works within the business. Over 80% of our sales are now attributed to export, which is because of the team’s hard work in developing targeted marketing campaigns across the globe, and really learning the cultural values and industries of different countries. Now we’re looking forward to enjoying further expansion, and particularly to continuing our extensive research and development in IS instruments.”
North East Business Awards 2014.
The story is so impressive because CorDEX really is, at its heart, a local business, proud to be based in Middlesbrough, and thrilled to be a winner of the NE Business Award for Export. From its hub in Teesside, CorDEX is reaching a global market with its 14-strong team, and has ambitious plans to double or even triple the size of this team in the next 12-18 months.
CorDEX To encourage and recognise companies that have generated substantial and sustained increases in export activity. The judging criteria looked at the level of exports in relation to the size of the company, products or services that have been sold without the benefit of export credits, the barriers that have had to be overcome e.g. languages and the degree to which products/services are new and markets non-traditional.