EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Wilmington Paper in Pine Brook, New Jersey
October 2, 2020
(Ex-Im Bank)
Presents Award to Third-Generation, Family-Owned Business, Specializing in
Creating Recycling Management Programs
WASHINGTON – Export-Import Bank of the United States (EXIM) President and
Chairman Kimberly A. Reed today presented an Exporter of the Year award to Wilmington Paper
Corporation (link is external), a small business in Pine Brook, New Jersey,
that exports scrap paper for recycling. The company, which has used EXIM’s
export credit insurance to support its international sales since 2009, was
honored during EXIM’s 2020 Annual Conference, the largest conference in the
agency’s history.
Established in 1977, Wilmington Paper is a third-generation family-owned
business that specializes in creating recycling management programs in folding
carton and converting plants around the globe. The company has introduced
innovative recycling programs utilized by more than 250 facilities worldwide. In
addition to exporting scrap paper, Wilmington Paper provides a variety of
services, including consultations that help customers establish recycling
systems that capture fibers, plastics, and metals for resale, allowing them to
generate revenue from their recyclables.
“I am honored to be able to present this award on behalf of EXIM to Wilmington
Paper Corporation for its outstanding contributions to fulfilling our agency’s
mission of supporting American jobs by facilitating U.S. exports,” said
Chairman Reed. “This small business represents the backbone of the American
economy, and EXIM is proud to be a part of their success.”
Since 2014, EXIM has supported exports valued at $3 billion from 142 companies
— including 105 small businesses like Wilmington Paper Corporation — across
New Jersey.
U.S. companies, particularly small businesses, can utilize EXIM’s financing
tools and resources to increase their international sales, showcase their
“Made in the USA” products, and sustain American jobs. By partnering with
EXIM, exporters can mitigate the risk of nonpayment on international sales,
offer credit terms to foreign buyers, and access working capital loan
guarantees. In addition, EXIM has implemented several COVID-19 (coronavirus)
relief measures for U.S. exporters and financial institutions to enhance the
agency’s existing programs.
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