Belfast Company Wins £400k Contract

A Northern Irish supplier of musical instruments has secured a £400,000 contract in Brazil this week, following Enterprise Minister Arlene Foster's trade mission to the country.

Belfast-based IBC Trading Ltd. were in discussions with a company called Giannini, which makes traditional musical instruments.

IBC has secured a £400,000 contract to supply classical, acoustic and electric guitars to Giannini in Brazil.

Arlene Foster said: "It is immensely encouraging news for locally-owned companies who are working to build relationships and break into overseas markets. Often it is a slow and difficult process, however contracts such as this show that companies can achieve growth by diversifying markets and forming strategic partnerships."

Speaking from Brazil, Ian Wilson, Managing Director of IBC Trading Ltd said: "Today’s announcement owes much to our participation on last year’s trade mission to China when we met with representatives from Giannini. We were able to use the trade mission successfully in terms of developing partnerships and helping us to identify suitable suppliers."

IBC Trading Ltd was one of 14 Northern Ireland companies participating on the Invest NI Trade Mission to Brazil.

Minister Foster was also promoting Northern Ireland tourism.

She said: "There was a strong interest in Northern Ireland from local media and during my time in Sao Paulo I had the opportunity to meet with ten journalists. They were extremely keen to hear what Northern Ireland can offer the Brazilian tourist in terms of heritage, culture, scenery, shopping and sporting activities such as surfing and golf.

"In particular, there was a lot of discussion around Game of Thrones and Titanic Belfast. In its first year of operation, over 1,200 Brazilians visited Titanic Belfast and we look forward to growing these numbers significantly in years to come."


Related Northern Ireland Business News Stories
Click here for the latest headlines.

06 July 2011
Rapid Russian Success For Armagh Firm
There is 'concrete success' on the way for a Co Armagh construction sector firm with news that Rapid International in Tandragee has won business worth around £800,000 in Russia from its participation in an Invest Northern Ireland trade mission to Moscow and St Petersburg.
29 July 2009
Rates Relief For SMEs Proposed
A scheme to reduce the rates burden for small and medium-sized businesses (SMEs) in Northern Ireland looks set to get the go-ahead. Stormont Finance Minister Sammy Wilson today confirmed his commitment to press ahead with a scheme for Northern Ireland, following a meeting with the Northern Ireland Independent Retail Trade Association.
10 September 2001
Local businesses in first ever trade mission to Iceland
Senior managers from 13 companies will be seeking to develop business in Iceland on the first ever trade mission to this market organised by Trade International Northern Ireland.
23 July 2018
Go East Trade Mission Launched
Businesses throughout the Armagh City, Banbridge and Craigavon Borough Council area interested in exploring new opportunities in the Indian market are being encouraged to sign up for the new Go East trade mission.
27 October 2015
Nine NI Firms To Participate In Trade Mission To Canada
Nine Northern Ireland firms are participating in a trade mission to explore the market and meet with potential distributors or trading partners in Canada. Enterprise, Trade and Investment Minister, Jonathan Bell is leading the mission. Minister Bell said: "Canada is an important market to the Northern Ireland economy.