S&V; Industries – Medina, OH
Founded in 1993, S&V Industries remains a family owned business despite growing to more than 30 employees with sales of more than $50 million last year. As a global supply chain management firm, S&V works with some of the largest companies in the world to ensure they have what they need when they need it to execute their business and manufacturing needs.
Recently, S&V began directly exporting advanced polymers manufactured domestically here in the United States. That work has already grown to be a multi-million dollar component of their business, with the strong potential to become even bigger as they continue to build relationships and establish themselves as a leader in the field. The Export-Import (Ex-Im) Bank is a critical element of S&V’s ability to export these American-made materials to the global market.
“We simply can’t be competitive with foreign corporations without the support provided by the Ex-Im Bank,” says Mahesh Douglas, President of S&V Industries. Later this month, Mahesh will travel to Washington, D.C. to share his story with policymakers and urge Congress to reauthorize the Ex-Im Bank. “Even a cost difference of one or two cents can make the difference between our customers choosing us or going elsewhere for materials. If the Ex-Im Bank is not reauthorized, the export business we’ve built will be put at serious risk, and our plans to grow it further and create new jobs will be permanently damaged.”