Auburn Leather wins export award
05/04/2013
Auburn Leather, a specialist manufacturer of leather laces for footwear and sports equipment, received the award at a special ceremony at Ex-Im Bank’s annual conference in Washington DC at the start of April.
At the ceremony, bank president, Fred Hochberg, said: “Auburn Leather is a true American success story. This family-owned small business has increased sales and created jobs by selling products to customers around the world. I am pleased that the bank’s insurance policy has enabled this company to expand to new markets, hire new workers, and ensure that more stores will have Made in Kentucky products.”
Auburn Leather has experienced an increase in overseas demand for its laces, leading to an upswing in sales. It says this sales increase is, in part, because of a small-business insurance policy the company received from Ex-Im Bank. These funds have supported the growth of the firm, which has added over 20 jobs in the last two years. Exports now account for more than 45% of the company’s sales.
Company president, Lisa Howlett, said at the Washington DC event that demand for her company’s leather laces is being driven by recognition among finished product manufacturers and consumers of the value of genuine, US-made rawhide laces. She said: “I am proud for our company to receive this award and look forward to additional growth in the coming years.”
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