07 November 2013
As part of the UK Trade and Investment’s Export Week, running from the 11th to 14th November, companies working within Hexagon Tower, north Manchester, have been demonstrating their international trade links that span the globe.
Tenants at Hexagon Tower, that is part of the BEST Network Science Park Consortium, are contributing to the huge amount of international trade that is undertaken by businesses within the North West of the UK and significantly boosting overseas trade from the region.
The overall total of the UK’s exports overseas is £296 billion and it is currently estimated that the North West alone contributes £25.2 billion of international exports, with an estimated £11.2 billion coming from the pharmaceutical and chemical related industries.*
Another recent export statistic from HM Revenue and Customs shows that the North West exports to India, Brazil, the Middle East and North Africa are growing rapidly, while exports to China increased by 9% to £1.6 billion, making the country the North West’s third biggest market.*
Demonstrating their strong international links, Hexagon Tower tenants Lubrizol work across the Americas and Asia. The specialty chemicals manufacturer also directly service customers from Brazil, Mexico, Japan, China, India, South Africa and all of Europe.
Dr. Peter Bloyce, of Lubrizol, said:
Innovation in commercial or academic science is integral to the economic identity of the North West, and especially Manchester.
We are proud to work within that heritage, and to have the support and facilities to go forward and trade our products across many diverse markets worldwide.
Analysis and R&D specialist Intertek has performed analysis and regulatory submission support for developers and manufacturers of pharmaceutical and healthcare products from within their Hexagon Tower based laboratory to locations all round the world, including the United States, Europe and Asia.
Lorna Kettle, of Intertek, said:
Innovation does not have any geographical boundaries, so it is important that as a global provider of quality and safety services to a range of industries, Intertek is able to trade internationally.
Our location in Manchester and the North West gives Intertek a good base to work with both our colleagues around the world, and our clients internationally, spanning the UK and globally, across Europe, Americas and Asia.
Other Hexagon Tower tenants trading internationally include Colour Synthesis Solutions, who work across Europe, Israel, Singapore and Taiwan.
Biotech Company Lonza, meanwhile, have also traded internationally with countries across the Middle East and Africa.
Stewart Needham, of Jones Lang LaSalle, who manages the Hexagon Tower science park, said:
The breadth of international trade links from the companies operating in Hexagon Tower goes to show that commercial science is big business.
Companies working in commercial science industries are already ahead of the game, making the most of the opportunities provided by a growing range of international trade links and reaping the rewards.
Both Hexagon Tower and the BEST Network are proud to be facilitating science companies big and small to trade innovative products across the globe.”
*All figures are taken from HM Revenue and Customs.