Gething urges businesses to consider international trade | Wales Business News

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Economy Minister Vaughan Gething visited a successful Welsh exporter to encourage other businesses to consider the benefits of international trade.

Industrial Automation and Control Ltd (IAC), based in Gwent, was established in 1989 and specializes in industrial control system integrators. It has particular expertise in the manufacture of variable speed drive systems, with its products used by many of the world’s best-known electrical brands.

IAC, which employs over 65 people in a modern facility in Newport and a further 30 in a number of global destinations, currently has export orders of over £3 million. Exports have represented around 50% of the company’s turnover since 2000.

Support from the Welsh Government has helped IAC win new export business in new and existing overseas markets. He has participated in Welsh Government trade missions to Canada, the United Arab Emirates and South Africa and received a grant to undertake an independent business development visit to China.

The visit comes after the Minister announced that the Welsh Government would invest more than £4million over the next year to help Welsh businesses find new export opportunities in global markets and help meet the commitments set out in the Export Action Plan for Wales.

IAC also successfully runs a four-year apprenticeship program, and the Minister met with a number of current IAC apprentices during a tour of the manufacturing facility.

“Encouraging the growth of Welsh exports is a key program for the government’s commitment,” Gething said.

“The comprehensive and far-reaching export support program we recently announced will help companies like IAC create new jobs and apprenticeships here in and around Newport.

“Exporting is a key part of IAC’s business and I am delighted that the support of the Welsh Government has helped them explore new markets and secure new export business over the years.”

“I encourage more businesses to take advantage of the support offered by the Welsh Government to start exporting internationally the many unique and cutting-edge products and services that we offer to them in Wales.”

IAC Managing Director Peter Lewis added: “For us, apprenticeship training and international trade are absolutely fundamental to the growth of our business and the support we have received from the Welsh Government to explore new markets. foreigners has helped us achieve our export ambitions and continues to do so.”

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