Montreal, Quebec – Targray has won the HSBC Leadership in International Trade in Asia-Pacific Award. The HSBC International Business Awards program honors Canadian companies that have successfully branched out beyond our borders.
“As emerging markets in Asia-Pacific continue their economic growth, they present numerous opportunities for Canadian companies to explore,” said Linda Seymour, Executive Vice President, Head of Commercial Banking and Regional President, Central and Eastern Canada, HSBC Bank Canada. “HSBC Bank Canada salutes the outstanding accomplishments of Targray, whose leadership and knowledge of doing business in this area of the world have proven so successful.”
Targray’s CEO, Andrew Richardson, credits perseverance and its commitment to hiring and retaining the best employees around the world, with the company’s ability to rise to a leadership position in their segment. Richardson said, “This region continues to be an important market for Targray, and we’ve worked tirelessly to build a world-class sales and support division—both here and within Asia-Pacific—that is 100% dedicated to our customers in that region.”
To be eligible, firms must be majority Canadian owned (50.1 percent); headquartered in Canada; generate at least 10 percent of their revenue from activities outside of Canada; and have minimum sales of CAD $2.5 million for each of the last two fiscal years. Applications were judged by a committee drawn from Rogers Publishing Ltd, The Globe and Mail and select international business experts. PricewaterhouseCoopers LLP performed due diligence on finalists’ entries.
About the HSBC International Business Awards
The HSBC International Business Awards is an important awards program that honour Canadian firms that have successfully brought their products and services to the world. The Awards are bestowed in the following categories: International Business of the Year, Small and Medium Enterprise; International Business of the Year, Large Enterprise; Leadership in International Trade in Asia-Pacific; and Leadership in International Trade in Latin America.
About HSBC Bank Canada
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in Canada. With around 6,900 offices in over 80 countries and territories and assets of US$2,652bn at 30 June 2012, the HSBC Group is one of the world’s largest banking and financial services organizations.
About Business without Borders
Canada’s newest and best source of news and information for companies seeking to do business beyond this nation’s borders, Business without Borders was created by Rogers Publishing Limited in association with the Globe and Mail and HSBC Bank Canada. Business without Borders provides news, analysis, tools and inspiring profiles of Canadian businesses exporting, expanding their operations and sales abroad or relocating operations in other countries.
Founded in 1989, Targray is a leading worldwide supplier of the cutting-edge raw materials used by manufacturers in the solar cell, lithium-ion battery, optical media and bio fuel industries. Targray offers a full-line of Photovoltaic materials and focused solutions which enable solar cell and module manufacturers to maximize their cell and module quality and reliability, while significantly lowering their manufacturing cost per watt. Targray works with several global partners to bring to market materials including Polysilicon, Solar Wafers and Cells, Broken Solar Cells, Silver Paste, Aluminum Paste, PV Encapsulant, Solar Glass, and more. In addition, the Company brings an extensive portfolio of globally competitive, high-technology Li-ion battery materials to its manufacturing customers at a competitive cost. Targray also applies its expertise in supply chain management and global procurement to the renewable fuels industry – bringing producers and customers together for their biodiesel and renewable fuels requirements, assuring a consistent, reliable product supply. Targray is a global company with operations and customers in over 50 countries throughout Asia, Europe and the Americas.
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