Indianola Company Named ‘Exporter of the Year’ by U.S. Export Promotion Magazine

February 5, 2009 – Cemen Tech has been named a 2009 Exporter of the Year award winner by ThinkGlobal Inc., publisher of Commercial News USA, the official export promotion magazine of the U.S. Commerce Department.

The Indianola, Iowa company manufactures mobile and stationary concrete dispensers and exports to more than 40 countries.

“We are very pleased to have received this award from Commercial News USA and appreciate the recognition from the magazine and from the Department of Commerce,” said Tom Palme, President of Cemen Tech. “Cemen Tech is the world leader in the Volumetric Concrete industry because of the efforts of our employee-owners who take pride in building the highest quality products and providing the best support and service in the marketplace.” The company services its worldwide customers through service and parts departments in Indianola.

Cemen Tech equipment is available in stationary skid-mounted and portable truck- or trailer-mounted units that can produce as much as 100 cubic yards of concrete per hour. Currently, 40 percent of the company’s revenue is generated through export sales, and exports have grown 20 percent in the most recent sales year.

“Exports are an important part of the company’s business and we have projected significant international growth in the years to come” said Palme.

Commercial News USA is a catalog-style magazine with an estimated 400,000 readers in 176 countries worldwide. Awards are given to one U.S. company in each of 15 industry categories. Privately held Cemen Tech was named Exporter of the Year in the Building/Construction Equipment/Hardware category. All Exporter of the Year award winners will be profiled in the May-June 2009 issue of the magazine.

Criteria on which winners were selected included the total number of documented export transactions completed in 2007, the total percentage increase in sales in 2007 compared to 2006, exports as percentage of total sales, the company’s commitment to exporting, the company’s commitment to customer service, and the company’s innovation and originality in marketing products or services. To be eligible for the award, a company must currently be exporting from the United States.

Gregory Sandler, publisher of Commercial News USA, said that the success of Cemen Tech is indicative of how American companies can benefit from exporting. “American companies looking for growth need to be considering opportunities outside of the U.S.,” said Sandler. “World markets offer considerable potential for U.S. exporters.”

Information about the Exporter of the Year awards, including profiles of all the winning companies, is available online at www.exporteroftheyear.com. The current issue of Commercial News USA is available online at www.thinkglobal.us.