As the year 2023 draws to a close, we reflect on our participation in worldwide trade shows and present a concise overview as following:
This is Fordtek’s third appearance at IPPE also the first post-pandemic show. Following the successful launch of localization operations in Argentina in 2019, we experienced robust sales growth with an increasing number of end-user customers of food additives and feed additives. During the show period, our LATAM sales director engaged in fruitful discussions with the customers from Peru, Colombia, Argentina, Chile, and other Spanish-speaking regions. Looking ahead to IPPE 2024, Fordtek eagerly anticipates meeting you at our upgraded stand booth.
The debut at VIV ASIA marks a significant milestone for Fordtek, showcasing the achievements we have attained in the Southeast Asia market over the past four years through our Vietnam-based sales office. Furthermore, this occasion also signifies a groundbreaking moment as it is the first time that talented individuals from various departments of Fordtek, who have been meticulously trained through our Management Trainee Program at headquarters, actively participated in overseas exhibitions by representing us at VIV ASIA.
Fordtek ventured into the cosmetics industry with its inaugural display at this show. We received numerous inquiries regarding raw materials associated with UV filters. Moreover, our achievement of REACH registration certification for D-panthenol has garnered significant interest from European customers. After more than five years of unwavering dedication and substantial investments, our cosmetics business has blossomed into a prominent division within the company.
At VIETSTOCK, Fordtek, with our subsidiary in Vietnam, showed our enhanced abilities in feed additives industry. We built a team proficient in Vietnamese, English, and Chinese. Furthermore, we have initiated import registration for feed additives of certain brands to provide end-users with an expanded product line and better services with more convenient DDP trade terms.
Fordtek GmbH, our German subsidiary, who acquired GMP+ certification in September, participated in CPHI this year and showed our great capacities in providing services to European customers. With stocks available throughout Europe and efficient logistics operations managed by Fordtek team, we aim to introduce more DDP services to local customers.
After five years of hard efforts, Fordtek Inc, as U.S. subsidiary has successfully achieved the localized operations in human source, finance and stocks and has completed all necessary preparations for its new location just in time for SSW. Equipped with three-tier racks, a loading dock, storage capacity of 10 containers, and spacious office area, we are committed to providing even more efficient and refined services to our valued North American customers.
Fordtek headquarters made an impressive debut in Russian market with an exquisite stand booth that captured a lot of attention.