Made in the Midlands has today announced a strategic partnership with FEXCO, a leading multinational financial and business solutions provider, to advise its members on how to unlock the potential in their manufacturing operations and expand their business abroad.
Following the publication of Made in the Midland’s Futures Report, it became clear that there was a significant opportunity for British manufacturers to grow and expand their business in new territories abroad. Sixty one per cent of those surveyed believed that production will start moving back to the UK, and Brazil and India emerged as important territories to target.
Made in the Midlands Director Charles Addison said; ‘We’re delighted to welcome FEXCO on board. They will be able to advise our members who are currently exporting, or planning to export in the near future, on how best to go about getting the best value in foreign currency and exchange rates. Their expertise will help to save time, money and all the associated issues that exporting can bring’.
“There is an obvious synergy between our offers that will add real value to our membership. Our selection process for preferred partners is a robust one and our members trust the decisions that we make.”
FEXCO’s Anup Sirichand, added; ‘We are delighted to be partnering with Made in the Midlands to offer much-needed advice to British manufacturers. It is very important for companies who trade outside the euro zone to protect their income, margins and reputation. For the best part of thirty years, FEXCO has been operating as the primary specialist provider of Commercial Foreign Exchange services to SMEs, Mid Corporates, Large Corporates and government bodies. We have the expert team, on-line systems, treasury operations and international payments infrastructure in place to support the FX Risk Management and Cross Border payment requirements of businesses, large and small’.
MIM canvassed around a third of their membership of key decision makers in manufacturing and engineering in development of the Futures Report and alongside the issue of skills, exporting was a hot topic.