DELAURO ANNOUNCES $23 MILLION DOLLAR EXPORT DEAL FOR WALLINGFORD COMPANY
New Haven, CT— Congresswoman Rosa DeLauro (CT-3), Wallingford Mayor William Dickinson, representatives from theU.S. Department of Commerce, and the leaders of I2S, a Wallingford-based manufacturer, announced a $23 million dollar export deal today.
I2S produces and maintains cold rollingmills used to shape and strengthen metal products such as sheet metaland metal rods and bars. Representing about 20,000 man hours of work,this deal will strengthen I2S's business, create and maintaingood-paying Connecticut jobs, and augment the state's role as a leaderin the manufacturing industry. I2S will manufacture and ship coldrolling mills to Fuxing Precision Stainless Steel and Guanguan CopperStrip, two Chinese companies.
This $23 million export deal was madepossible by a U.S. Department of Commerce trade mission to China.Congresswoman DeLauro worked with I2S and the U.S. Department ofCommerce to secure the necessary visas for representatives from theChinese companies to visit IS2, view their products, and secure thedeal.
"If we are going to bring about the real, lasting economic recovery that America needs, we must support ourdomestic manufacturing. We have to go back to being a country thatbuilds things here at home, rather just buying things made overseas--and I2S is making that happen. This $23 million in contracts will meanmore good, well-paying jobs in Connecticut, more money in Americans'pockets, and more economic growth for our area," said CongresswomanDeLauro. "More exports are what we need right now, and I will continueto work to see that we in government are doing all that we can toincrease our exports by advocating for local businesses, increasingtheir access to much-needed credit, and ensuring a level playing fieldin the global markets."
"We are very pleased about the success of I2S," said Mayor William Dickinson. "We need to encourage manufacturing and heavy industry, companies like I2S, to keep Wallingford a goodemployment destination."
"As part of the National ExportInitiative our office here in Connecticut and our commercial officesthroughout the world are focused on supporting companies like I2S winthese export orders and create jobs. Our job is about America's jobs,"said Anne Evans, District Director, U.S. Department of Commerce. "I2S is a shining example of a precision manufacturing company successfullycompeting and winning sales globally."
The National Export Initiative is theObama Administration's commitment to serve as a full partner with U.S.businesses to promote American-made goods and services worldwide, within global trading rules. The NEI is focused on (1) improving tradeadvocacy and export promotion efforts; (2) increasing access to credit,especially for small and medium-sized businesses; (3) removing barriersto the sale of U.S. goods and services abroad; (4) robustly enforcingtrade rules; and (5) pursuing policies at the global level to promotestrong, sustainable, and balanced growth.
"I2S is a precision manufacturerproviding state of the art equipment to the metal processing industry. Our goal is to grow our business and continue manufacturing here inConnecticut. We are committed to securing the jobs of our currentemployees and creating new jobs at this facility. We go "fishing wherethe fish are", that is search out opportunities for sales of ourproducts and services all over the world," said John F. Herbst,President and CEO of I2S. "We appreciate the support and assistance wehave received from Congresswoman DeLauro and the US Department ofCommerce. Their worldwide introductions and support of our company topotential foreign customers has been invaluable."
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