Warehouses in local enterprise area encouraged by Hill and Smith overseas success

This week has seen the promotion of overseas trading for all national businesses.

Expanding overseas would encourage growth, enhancing local economies.

An overseas trading conference organised by the Government and a Bristol trade mission to China have both been pushed into the public eye this week.

Businesses that have not been able to expand in England could do it abroad. Although statistically out of the recession it is important that we maintain an environment of expansion and growth.

China has seen a slump in UK and US trading due to the recession and are keen to rebuild a strong trading relationship. Certain economists do not believe that China can continue to grow at the rate it has been unless there is an introduction of foreign investment into their economy. It is because of this that national businesses are likely to be successful if they commence on a mission of overseas trading with China.

China is just one of many international communities willing to co-operate in nation to nation trading policies.

Construction products supplier Hill & Smith exemplify what one can achieve with overseas expansion.They have reported robust trading, largely based on overseas activity.

The international diversity and strength of its businesses, particularly in the USA, continue to underpin our performance, it suggests.

Net debt as at 31 October 2012 was £93.3m, compared with £89.1m as reported at the half year. The increase principally reflects the investment in its new galvanizing plant in the US and investment in capital projects in France and India.

“We continue to see encouraging levels of demand for our utility products, particularly in the USA and Asia, driven by the requirements to update the US power transmission grid together with worldwide demand for power” the firm said.

“Our galvanizing markets remain mixed with the US businesses enjoying positive demand from infrastructure projects, which will support their volumes in 2013. Whilst our French businesses remain resilient we continue to be cautious about the level of economic uncertainty within Europe.”

After promotion of overseas trading it is good to see some hard facts which show the successes that overseas trading brings.

Expansion and growth are paramount to a successful economy, creating jobs and wealth.

Source: The Business Desk