Folkestone business wins US contract through $475,000 UK Export Finance deal
Dyrhoff, a provider of water control gates, has won a major contract to deliver two pneumatically operated spillway gates for a flood protection project in North Dakota, USA, following support from a government financing scheme.
Throughout its more than 30 years, the business has specialised in the design and supply of inflatable rubber dams and spillway gates. These gates can be used to reduce flood risk and aid water regulation.
In line with the government’s Plan for Change and its mission to kickstart economic growth, UKEF guaranteed a $475,000 finance facility to be issued by NatWest. This facility enabled Dyrhoff to meet the bonding terms required to win the contract in North Dakota.
Dyrhoff works with UK and international partners to engineer and manufacture parts which are subsequently assembled at the project location. The majority of Dyrhoff’s business originates from overseas contracts, contributing to 156 projects in over 33 countries, including USA, Italy, Canada, Norway, Turkey, Portugal and Indonesia.
Although Dyrhoff is a seasoned exporter, the financial support provided by UKEF has enabled the business to win one of its largest contracts to date.
As a result of the North Dakota deal and other successful contracts, Dyrhoff is now planning to increase staff numbers at its manufacturing facility in Folkestone, Kent.
Don Mason, director at Dyrhoff said: “We have been providing market-leading rubber dam and spillway solutions since 1989, but the support afforded by UKEF has enabled us to set our sights on an exciting overseas growth opportunity.
“By assisting us in winning such a significant project for the business, UKEF support has set us up to carry on building momentum in key markets like the USA. Despite economic uncertainty in the market, we are now well placed to use this project as a springboard for success.”
Lisa Maddison-Brown, Kent, East Sussex and West Sussex export finance manager at UKEF said: “We are really pleased to be able to assist a business which maintains a focus on developing critical infrastructure to keep areas safe from flooding. A key goal of ours is to continue placing British engineering at the heart of vital projects worldwide, and Dyrhoff is helping to do just that.”
Ellie Morrison, trade finance manager at NatWest commented: “I’m delighted to announce NatWest’s Trade Finance support for Dyrhoff, as they secure a significant export contract creating impactful engineering solutions that serve a crucial international and domestic purpose.
“The financing package has equipped Dyrhoff to meet essential bonding requirements, thereby enabling the company to secure and mobilise on this project. This partnership, facilitated with the support of UK Export Finance, aligns with NatWest’s commitments to foster the growth of UK-based businesses and contributing to vital infrastructure projects worldwide.
“Dyrhoff are a great example of a successful UK exporter and NatWest is proud to support the business with the financial solutions they need to thrive globally.”
News of Dyrhoff’s success follows on from the recent publication of UKEF’s Annual Reports and Accounts for 2024/25. The department provided £14.5 billion in loans, guarantees and insurance in support of exporters of all sizes and supported up to 70,000 jobs.