Lafayette-based H2O LLC named Exporter of the 12 months | Company

A Lafayette-primarily based H2O LLC, which focus in drinking water treatment options for offshore oil and gasoline marketplaces, was named Exporter of the 12 months by the Export-Import Lender of the United States.

The enterprise, which has utilised EXIM’s export credit history insurance policies to aid its international gross sales since 2017, gives higher high quality drinking water therapy alternatives for the offshore oil and fuel marketplaces. It later on expanded into the industrial marine sector and has designed and designed techniques to deliver potable water using reverse osmosis desalination, help control biofouling using electrochlorination technologies and deal with sewage to fulfill environmental discharge standards for clients all-around the entire world.

Founded in 1980, H2O grew its intercontinental purchaser foundation and afterwards turned to EXIM’s export credit score coverage to preserve an acceptable level of chance for a smaller business with 32 staff. Now with customers in Africa, Asia, Europe, Latin America and South The us, H2O’s international gross sales manufactured up about 37 percent of overall revenue past 12 months but are on observe to exceed 50 p.c this yr.

“EXIM’s export credit rating insurance program has permitted us to make extra credit history sales to clientele that would or else pose also wonderful a threat for a small firm,” H2O CEO Jess Fike said.

Because 2017, EXIM has supported exports valued at virtually $3.6 million to 18 countries. The company’s insurance policies are facilitated by Lafayette-based mostly EXIM broker J. Maxime Roy, Inc., with offices in Texas, South Carolina and New York. Due to the fact 2014, EXIM has supported exports valued at $880 million from 100 companies — like 68 small businesses — across Louisiana.

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Brenda J. Quinlan

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