Dinting the deficit

Dinting the deficit

Supply chain solutions provider Dints International is helping put a dint in the trade deficit after landing a lucrative export deal with a major player in West Africa.

London-based Dints International has landed a significant mining contract in Ghana with support from UK Export Finance (UKEF), the UK’s export credit agency (ECA).

The deal will see Dints provide its innovative managed supply chain solution for one of West Africa’s largest gold producers.

This contract will also give companies in its UK supply chain access to the project, enabling these suppliers to sell to new markets abroad.

Dints is a specialist equipment supplier for frontier markets in Africa, with customers in the mining, oil and gas, construction and energy sectors across some 18 countries. 

Through its established supplier network, the company offers customers aggregated procurement services to provide them with a secure, efficient and cost-effective supply chain under its unique ‘vendor managed inventory’ concept.

Geoffrey de Mowbray, CEO of Dints, said: “This contract is a significant step into a new market for Dints, and UKEF’s ability to provide innovative and flexible guarantee support has been instrumental in helping us win it – we see a strong partnership going forward with UKEF support.”

Rt Hon. Greg Hands MP, minister of state at the Department for International Trade, welcomed the announcement, saying: “The UK is a centre for excellence in many of the sectors for which the world has greatest demand.

“I am delighted to see innovative SMEs like Dints winning major contracts in new markets with UKEF’s support. This is a great example of how business and government can work together as a force for good, making sure that the economic benefits of trade are felt throughout the UK supply chain.”

The move comes as the government looks to promote trade with Africa as part of its drive to get 100,000 new companies exporting through the Exporting is GREAT campaign.