Folkestone-based water control gate specialist, Dyrhoff, has secured a significant export contract in North Dakota, USA, thanks to vital financial backing from UK Export Finance (UKEF) and NatWest. The deal, valued at $475,000, will see Dyrhoff supply two pneumatically operated spillway gates for a crucial flood protection project.
Dyrhoff’s US contract win
Dyrhoff, a company with over three decades of experience in designing and supplying inflatable rubber dams and spillway gates, has landed a major contract to bolster flood defences in North Dakota. These gates are essential for managing flood risks and regulating water levels.
Government support fuels export success
The £475,000 finance facility, guaranteed by UKEF and issued by NatWest, was instrumental in enabling Dyrhoff to meet the stringent bonding requirements necessary to secure the US contract. This support aligns with the government’s commitment to driving economic growth through international trade.
Key takeaways
- Dyrhoff, a Folkestone business, has won a significant export contract in the USA.
- The contract involves supplying spillway gates for a flood protection project in North Dakota.
- UK Export Finance (UKEF) provided a $475,000 finance facility, guaranteed by the government.
- NatWest issued the finance facility, enabling Dyrhoff to meet bonding requirements.
- The success is expected to lead to job creation at Dyrhoff’s Folkestone facility.
Global reach and future growth
Dyrhoff has a strong track record in international markets, having contributed to 156 projects across more than 33 countries. While a seasoned exporter, this latest contract represents one of its largest to date. The company plans to expand its workforce at its Folkestone manufacturing site following this and other recent successes.
Industry reaction
Don Mason, Director at Dyrhoff, expressed enthusiasm for the opportunity, stating, "The support afforded by UKEF has enabled us to set our sights on an exciting overseas growth opportunity." Lisa Maddison-Brown from UKEF highlighted the importance of supporting businesses that develop critical infrastructure, adding, "A key goal of ours is to continue placing British engineering at the heart of vital projects worldwide."
Ellie Morrison, Trade Finance Manager at NatWest, commented on the partnership, "This financing package has equipped Dyrhoff to meet essential bonding requirements, thereby enabling the company to secure and mobilise on this project." This success story follows UKEF’s recent annual report, which detailed £14.5 billion in support for UK exporters.
