Manufacturer prepares for export growth

Posted on 05 Feb 2020 and read 638 times
Manufacturer prepares for export growthWarwickshire-based Tappex — a manufacturer of threaded inserts for a variety of industries, is one of very few Midlands companies to secure Authorised Economic Operator (AEO) status from HMRC.

This approval — recognised world-wide — confirms adherence to a range of supply-chain standards and compliance with customs procedures.

The Coventry and Warwickshire Chamber of Commerce’s international trade hub is advising firms to investigate the AEO scheme in light of the UK’s exit from the European Union (EU), as it could help to ease the movement of goods after Brexit.

In Tappex’s case, the company (www.tappex.co.uk) is looking to broaden its international sales even further afield after receiving the accreditation.

Sharon Veitch, Tappex group customs compliance manager, said: “We make 120 million pieces a year, and 76% of them go to Europe, North and South America, Asia, Africa and Australasia.

"We knew that leaving the EU could disrupt our exports, so we attended a Chamber course on Brexit, which led to
one-to-one support from Warwick-based Hooper and Co to secure AEO status.”

James Ahearne, Coventry and Warwickshire Chamber of Commerce’s international trade hub manager, said: “Brexit has brought AEO status into sharp focus as a way of proving that processes around customs and security of supply chain meet the highest standards, and that is something that overseas customers are keen to have in place.

“It is pertinent to all international trade, and it will stand Tappex in very good stead in the months and years to come.”

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