Two Colorado companies announced as winners of the 46th Annual Governor's Excellence in Exporting Award
Colorado-based TEI Rock Drills was recently announced the winner of the 46th Annual Governor's Excellence in Exporting.
The award recognizes Colorado companies that have contributed to the state's economic growth through international trade. Exporting currently brings approximately $20 billion in commodity and service exports into Colorado.
TEI Rock Drills was established in 1980 and currently exports 45 percent of its products to every continent except Antarctica.
TEI Rock Drills was formally awarded by Fiona Arnold, executive director of the Colorado Office of Economic Development and International Trade (OEDIT) at World Trade Day, the region's leading international trade event. This year's World Trade Day theme was Exploring Your Trans-Pacific Partners.
The Trans-Pacific Partnership (TPP) is an agreement that proposes free trade between the U.S. and 11 other key trading partners bordering the Pacific Ocean. The plan still needs to be ratified by each country's congress, which includes the removal of tariffs, harmonized standards, labor and environmental alignment and a dispute resolution mechanism.
TEI designs and manufactures drilling attachments, limited access drills and drill rig components. Each item is available individually to the contractor and equipment manufacturer. All 46 employees work at their headquarters in Montrose, Colo. To learn more, go to www.teirockdrills.com