Mount Barker manufacturer, Steriline Racing, is one company to experience success as a result of support from the South Australian Government.
The company, which designs, manufactures, installs and services equipment for the global thoroughbred horse racing industry, received funding through the Export Partnership Program to attend trade shows and meet with prospective clients in China, India and Iran.
Already doing business in 53 countries, Steriline Racing will continue to provide service and support to its existing client base around the globe, while focusing on future growth in new markets.
“Programs such as the Export Partnership Program, from which Steriline has been fortunate to have received funding, enable strategic planning and greater access to overseas opportunities,” Steriline Racing Managing Director John Fargher said.
“It assists us to make strategic decisions about future products, end-user needs and growth opportunities.
“It is critical not only for our growth as a company, but also for Australia’s future growth, that the public and private sectors continue to forge strong partnerships that lay the foundations for the development of new products, services, markets and globally competitive agile businesses.”
Highlighting the South Australian Government’s approach to international engagement, the annual 2017 Investment and Trade Statement was launched today by Minister for Investment and Trade Martin Hamilton-Smith.
Direct export deals to the value of $8 million were achieved last year and participating trade mission businesses have indicated that hundreds of millions of dollars in potential business deals could also be possible.
The statement also highlights that about $1 billion worth of investment and close to 5000 jobs for the State, were generated by Investment Attraction South Australia.
“Supporting South Australian businesses that want to succeed in the global market place is vitally important to South Australia’s future economic prosperity,” Investment and Trade Minister Martin Hamilton-Smith said.
“The South Australian Government is committed to forging relationships internationally with key markets of focus for South Australia.
“Steriline Racing is just one of hundreds of companies that are experiencing success in the global market place.
“They need to be supported and provided with every opportunity to do business on an international scale.
“The 2017 business mission calendar will do just that.
“I encourage export-ready companies to register if they have an interest in South East Asia, China, Europe, the United States, North Asia and India.”
In 2015-16 the overseas goods and services export market was worth $14.036 billion to South Australia and 318 South Australian businesses participated in the 2016 international engagement program.
To find out more about the support available to South Australian businesses looking to export, visit http://www.statedevelopment.sa.gov.au/investment
To view the 2017 Investment and Trade Statement visit: www.statedevelopment.sa.gov.au/its
The South Australian Government has partnered with Solstice Media to provide information about our state’s international connections and engagement.
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