Northern Ireland’s recycling sector is gaining international momentum, with Kiverco, a County Tyrone-based recycling firm, securing lucrative contracts in Saudi Arabia.
Backed by a £350k export insurance package from UK Export Finance (UKEF), the company is expanding its presence in a market ripe for sustainable waste management solutions.
This support not only boosts revenue but also secures 100 local jobs.
Kiverco: Powering Global Recycling Innovation
For over 30 years, Kiverco has been at the forefront of designing and installing advanced recycling plants. From humble beginnings in Dungannon, the family-owned firm now boasts a global footprint, with over 400 plants operating in regions as diverse as Europe, the US, and Australia.
However, its latest success comes from the Middle East, where Saudi Arabia’s growing infrastructure and sustainability initiatives have created a demand for Kiverco’s cutting-edge recycling technology.
Why Saudi Arabia?
The kingdom’s ambitious Vision 2030 project aims to diversify its economy, and waste management has become a priority. Kiverco’s ability to provide bespoke solutions for handling construction waste and mixed recyclables aligns perfectly with Saudi Arabia’s goals.
John Irwin, Kiverco’s Managing Director, emphasises,
“Our brand promises high levels of material separation purity, and we’re committed to making a difference globally.”
UK Export Finance: A Catalyst for International Growth
UK Export Finance, the UK’s official export credit agency, has played a pivotal role in helping Kiverco secure these Saudi contracts. Offering more than just financial backing, UKEF provides exporters with the confidence to explore markets that might otherwise seem out of reach.
Through its £350k export insurance package, UKEF shields Kiverco from potential risks, enabling them to focus on delivering recycling solutions at scale.
Elizabeth McCrory MBE, Export Finance Manager for Northern Ireland, noted the impact UKEF support has on businesses like Kiverco:
“Our export insurance offer gives businesses the assurance to deliver extraordinary work that grows their operations abroad.”
This collaboration also highlights the strength of UK expertise in clean-growth industries, with Northern Ireland leading the charge in recycling innovation. Such governmental support is essential in promoting sustainable exports, aligning with the UK’s broader goals for a greener economy.
Broader Implications for Northern Irish Businesses
Kiverco’s success demonstrates the possibilities for other Northern Irish businesses eyeing international markets. Exporters across various sectors—from food and drink to tech—can potentially tap into UKEF’s support.
With the agency’s backing, local firms can compete globally, even against larger, well-established players.
Benefits of UKEF Support:
- Export insurance and financial guarantees: Tailored specifically for exporters.
- Competitive financing terms: UKEF often provides more attractive rates than commercial lenders.
- Sector-agnostic support: Businesses in creative industries, agriculture, and tech can also benefit from UKEF’s services.
- Job creation and protection: As seen with Kiverco, UKEF-backed contracts can lead to local job growth.
By promoting exports, UKEF helps Northern Ireland businesses strengthen their global footprint while contributing to local economies.
Export Contracts and Job Security: The Numbers
To illustrate Kiverco’s success, let’s break down the economic impact of its Saudi contracts with the following table:
Contracts Secured |
Revenue Growth |
Jobs Supported |
|---|---|---|
| Saudi Arabia (2024) | Multi-million pounds | 100 local jobs |
Kiverco’s expanded operations will not only bring in substantial revenue but also sustain vital employment opportunities in County Tyrone, marking a win for both the company and the local economy.
Expanding Export Horizons
As Saudi Arabia pushes for sustainability, Kiverco’s expertise in waste management positions them as a key player. Partnering with UKEF has opened doors to lucrative opportunities, demonstrating how Northern Irish firms can make waves in international markets with the right financial backing.
The message is clear: businesses in Northern Ireland shouldn’t hesitate to explore the advantages UKEF provides. With international markets becoming more accessible, and the support of agencies like UKEF, the potential for growth is vast.
In a fast-paced global economy, taking that first step into export markets can be daunting. But, as Kiverco has shown, government-backed support can make all the difference in transforming ambitions into reality.
Sources: THX News & UK Export Finance.
