Alabama firms make international connections at Paris Air Show
PARIS — The Alabama team at the 2023 Paris Air Show has a major focus on recruiting new aerospace jobs and investment, but this year’s mission has a wrinkle — helping homegrown companies claim a spot on the international business stage. For the first time, three Alabama firms are attending the aerospace industry’s biggest trade…
Tuskegee University, Alabama exporters claim ‘Trade Excellence Awards’
MONTGOMERY, Alabama — Governor Kay Ivey today recognized six Alabama companies for success in selling their goods and services in markets across the globe, helping to sustain robust export activities that create jobs and spark economic growth across the state. In addition, Governor Ivey presented Tuskegee University with a 2023 Governor’s Trade Excellence Award for…
Alabama firm on trade mission strikes partnership with Australian company
MELBOURNE, Australia — Alabama-based Cummings Aerospace announced today that it plans to team with an Australian company to develop defense technology solutions that would be produced and distributed in Australia. Cummings Aerospace, headquartered in Huntsville, is among six state firms participating this week in a trade mission organized by the Alabama Department of Commerce to…
Alabama trade mission targets opportunities at Australia’s Avalon air show
MELBOURNE, Australia — An Alabama delegation including six aerospace-focused companies are seeking to make business connections on a trade mission this week to Avalon 2023, the largest aviation, aerospace and defense exposition staged in the Southern hemisphere. The Alabama Department of Commerce is leading the business development mission to the Australian International Airshow Aerospace and…
Alabama exports soared to new record in 2022, topping $25.5 billion
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Alabama exports surged to over $25.5 billion in 2022, setting a new annual record and providing another indicator that the state’s economy is performing strongly. Last year’s surging export activity was driven by rising overseas shipments of Alabama-made vehicles, aerospace parts, chemicals, minerals, metals and paper…
Rising Alabama exports put 2022 on course for record year
Alabama exports are bouncing back from global trade frictions and disruptions caused by the COVID-19 pandemic, which combined to interrupt years of momentum that lifted overseas shipments of Alabama-made goods. While full-year results are not yet available for 2022, trade data show that Alabama exports approached $23.4 billion in value through November — a figure…
Trade missions uncover export opportunities for Alabama companies
For Alabama-based manufacturer Sealing Equipment Products Co., or SEPCO, selling its mechanical seals, gasketing materials, compression packing and other high-performance products in markets around the world has become a core element of its business. Today, SEPCO ships products to customers in approximately 40 different countries, and Chief Executive Officer Chris Wilder is hoping to expand…
Foreign investment accelerates with new growth projects in Alabama
With new growth projects under way in key industries such as automotive and aviation, foreign direct investment continues to act as a powerful catalyst in Alabama’s economy, casting a wave of job creation and triggering positive ripple effects. Since 2018, foreign companies have launched investment projects valued at more than $13 billion across Alabama, generating…
Motor vehicles power growth for Alabama’s export machine
Alabama-built vehicles are blazing a trail in the global economy, ranking as the state’s top export product and serving as a brand ambassador that landed in 73 foreign countries in 2021. More than $7.7 billion in Alabama vehicle exports were recorded in 2021, topping the total from pre-pandemic 2019 by over $1 billion, according to…
