Washington — Kimmie Candy Co. received a President’s “E” Award for Exports, which is given to U.S. entities that make a significant contribution to the expansion of U.S. exports, according to U.S. Department of Commerce.
The “E” Award For Exports is given to firms that demonstrated a sustained commitment to growing export sales, according to U.S. Secretary of Commerce Penny Pritzker. She adds the company’s reformulation of products for foreign markets was particularly notable as was its increase in jobs related to export sales.
Joseph Dutra, Kimmie Candy president and CEO, says: “I have spent a lot of my career in overseas markets. Because of this, I understand the importance of exporting, and the significant contribution overseas markets can have on a company’s bottom line.”
During the past four to five years, exports have increased from 3 percent of Kimmie Candy’s gross sales to 15 percent, Dutra tells Candy & Snack TODAY. He adds that winning the award as a candy company is a big honor, as food manufacturers and agricultural companies only comprise 5 percent of President’s “E” Award winners since the honor’s conception in 1964.
Futher, Dutra explains that as globalization continues and trade barriers are dismantled, U.S. exports will “flourish as more and more companies wake up to the fact that 96 percent of their prospective, new customers are located outside the U.S.”
This year’s 123 award recipients were the largest group to be accept the honor and contributed to the U.S.’s $2.23 trillion of exports during 2015, according to the Department of Commerce.