UK Export Finance helps Kiverco meet demand from Saudi market
Recycling OEM secures orders in Saudi Arabia with support of UK government scheme for exporters
KIVERCO, specialists in modular, portable, and static waste-recycling equipment, have picked up multi-million-pound contracts to export their recycling machinery to Saudi Arabia with the support of UK government department UK Export Finance (UKEF).
A £350,000 export insurance package from UKEF means the equipment manufacturer can now deliver major new contracts in Saudi Arabia, boosting revenue and supporting 100 local jobs.
With more than 300 recycling plants in the UK and over 400 sites globally – across Europe, the US, Australia, New Zealand, and the Middle East – Kiverco have seen high demand from the waste sector in Saudi Arabia.
UKEF’s support will also help the Dungannon-based family business to build close commercial relationships in Saudi Arabia, opening up lucrative opportunities as the Kingdom commits to more sustainable practices as they deliver huge levels of infrastructure investment.
Elizabeth McCrory, export finance manager (Northern Ireland) for UKEF, said: ‘Our export insurance offer can make a big difference to businesses looking to deliver ambitious overseas contracts – it offers a level of assurance that can help exporters to focus on delivering extraordinary work which grows their business.
‘Kiverco is a great example of a company realizing its potential through international trade – the kind of company which will be key in the UK’s efforts to promote sustainable exports that help our economy grow more and waste less.’
John Irwin, managing director of Kiverco, added: ‘Kiverco has been delivering innovative, bespoke recycling plants for over 30 years and is a UK market leader in the construction and demolition [waste-recycling equipment] sector. The Kiverco brand promises a recycling plant that delivers high levels of material separation purity, uptime, and a long productive life.
‘Our growth strategy will only be delivered by expanding export markets. Partnering with UK Export Finance has already proven to be extremely beneficial in helping secure orders. Kiverco will continue to take advantage of the wide range of support available from UKEF to facilitate continued export growth.’
