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EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Wilmington Paper in Pine Brook, New Jersey



Friday, 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.