MISSOURI GOVERNOR JAY NIXON VISITS WESTERN FORMS, INC
KANSAS CITY, Mo. - Strong export growth in 2010 is the latest sign that Missouri's economy is on the move, Gov. Jay Nixon announced today in Kansas City. During a visit to Western Forms Inc., a 50-year-old manufacturer of aluminum forms for the concrete industry, Gov. Nixon announced that Missouri exports grew 35 percent in 2010. That increase brings total Missouri's total exports for the year to $12.9 billion.
Nearly every Missouri export category increased during the year, led by sharp gains in the state's top two export categories, transportation equipment (which grew 50 percent) and chemicals (which grew 41 percent).
"From construction supplies and applications to automobiles to agricultural seeds, Missouri products can stand up to the competition anywhere," Gov. Nixon said. "And when we sell more Missouri products overseas, that means we're creating more jobs here at home. This year, Missouri exports exploded by 35 percent, and my administration will continue to work seamlessly with Missouri businesses to provide the tools and resources they need to compete in every market, for every deal. Together, we'll ensure that Missouri is a hub of production and competition for generations to come."
Founded more than 55 years ago by Edward and Dolores Ward, Western Forms supplies aluminum forms that are used in the construction industry. Contractors use these forms to shape concrete for major residential and commercial developments, including foundations, basements, walls and columns.
Today, the family owned business has grown into one of the leading manufacturers of aluminum forms in the world, with more than 100 employees in Kansas City.
Through the Missouri Department of Economic Development, Gov. Nixon's administration continues to assist the company with identifying potential buyers and entering new international markets.
Over the past three years, more than 50 percent of the company's revenue has been generated from international sales. As the company's international markets, including India, continue to grow, the company expects to continue to see significant growth this year.
Growing Missouri exports will continue to be a priority for Gov. Nixon's administration, especially as the state finalizes its comprehensive plan for economic growth. Launched last May, the Missouri Strategic Initiative for Economic Growth will submit its final report to Gov. Nixon later this month. The initiative, which has been led by a steering committee of private-sector leaders, will outline a five-year economic roadmap for Missouri, and includes specific recommendations that the state develop a best-in-class foreign trade program. The final report will include detailed plans to implement such a program and keep Missouri's exports growing.
Increased exports aren't the only good economic news Missouri has received recently. Last week, the Missouri Department of Economic Development announced that the state gained 7,600 jobs in January 2011. Those figures indicate that the state ended calendar year 2010 with a net gain in jobs. After two years of significant job losses, Missouri turned the corner in 2010 and added 1,000 jobs.
For more information about international trade services offered by Gov. Nixon's administration, visit the state's website, MO.gov.