ROSE HILL - The Virginia Economic Development Partnership has announced the acceptance of DeRoyal Industries Inc. of Rose Hill into its two-year Virginia Leaders in Export Trade (VALET) program.
Launched in January 2002, the program assists exporters in the commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.
DeRoyal Industries joins the program as part of the 11th class of VALET companies. To participate, each eligible business must meet several criteria and complete an application process. Participating firms are chosen based on their dedication to growth through export. Currently, 86 Virginia companies have been accepted to participate in the VALET program.
DeRoyal is a privately owned, U.S.-based manufacturer of health care products.
DeRoyal has manufacturing facilities in Europe and Latin America, as well as across the United States from California to Virginia.
"DeRoyal Industries is greatly honored to have been chosen as one of the participants in the 2007 VALET class by the Virginia Division of International Trade," said Michael Iekeker, vice president international for DeRoyal Industries. "We plan to capitalize on this valuable opportunity by utilizing the program's plentiful resources to access relevant market strategies.
"In order to achieve the goal of increasing our expanding international presence, we specifically plan to concentrate on markets in India, Hong Kong and Brazil. We expect our participation in several VALET trade missions as well as the benefits of the VALET market research program will be key tools for determining the feasibility of conducting successful business in these new markets."
The VALET program incorporates services from a team of experienced international service providers who assist the VALET companies with their international goals. Service providers such as attorneys, Web designers, bankers, translators and freight-forwarders contribute skills for expansion into international markets.
"VALET welcomes DeRoyal Industries into the program," said Leslie Parpart, VALET program manager. "We look forward to working with its international team over the course of the next two years to assist the company in exceeding export goals."
To learn more about the VALET program contact Parpart at LParpart@YesVirginia.org or visit www.ExportVirginia.org and click on "Programs."