K-Form signs Mexican deal
Woodford Halse-based business K-Form has landed a £60,000-a-month contract with a Mexican company that it says will help double its staff to 16 over the next year. The news comes as Deputy Prime Minister Nick Clegg and Mexican President Felipe Calderon have committed to double bilateral trade to £4.2bn by 2015.
K-Form visited Mexico with UK Trade and Investment (UKTI) looking for a local distributor to sell its disposable PVC shuttering for the concreting sector of the construction industry, which stays in place once the concrete has been poured.
K-form met with ten businesses, which it says were interested in taking on their product and selling it locally.
Peter Jaycock, managing director, said: “All the distributors we met were so keen to sell our products we basically had to turn the process on its head so that they were pitching to pay us for our product. The company we went with made an initial order of £20,000 and this is set to rise to £60,000 a month over the next 12 months.”
K-form was established by Jaycock in 2002. It now has an annual turnover of £900,000.
Jaycock added: “With the economic downturn in the UK we knew we needed to look to other markets. A business contact mentioned exporting and said I needed to go to UKTI. We have found the help, support and advice to be incredible. Exporting is essential for us and UKTI’s help has been vital.”
