Success Stories

Allied Mineral Products, Inc.

Allied Mineral Products, Inc.

Columbus, Ohio

 

Profile: Allied Mineral Products, Inc. manufactures monolithic refractories and precast refractory shapes for metal melting and heat containment purposes. Established in 1961, it supplies its products to foundry, aluminum, steel and other industrial markets. The company has approximately 500 employees at manufacturing facilities and sales offices in 26 countries.

Exports: Allied, which exports to more than 90 countries around the world, does about 25 percent of its business internationally. It started exporting to Korea more than 20 years ago, with a focus on foundries. Over the past five years, the company has seen about 15 percent growth in its Korean business. Today, Allied has three direct salespeople in Korea, in addition to an established network of distributors.

Growth: Under the U.S.-Korea Free Trade Agreement (KORUS FTA), tariffs of up to 6 percent on Allied’s products were eliminated. This reduced the cost of Allied’s products for its customers, making it more competitive in the market. To continue to grow its business, Allied is currently pursuing new applications and markets for its products in Korea.

Importance of International Trade: International trade enables Allied to diversify its business and protects the company from fluctuations in different markets. By trading with countries around the world, Allied is able to better weather economic downturns.

Trading Advice: According to Allied, one of the most important first steps to trading with Korea is finding a distributor who understands local customs and business culture. Navigating a new market without that insight can be difficult for a company.


The Korean market is mature, informed and developed. Through our salespeople on the ground and our distributors, we have established a strong network in Korea.

–William M. Opatt, Business Manager, International Sales, Allied Mineral Products, Inc.

 

Local Resources

Select your state below for information on local resources that can help you take advantage of opportunities from the U.S.-Korea Free Trade Agreement. These resources include groups in both the public and private sector.

National Benefits

Main Exports
Semiconductors and components, Aerospace products, Chemicals

Main Imports
Communications equipment, Motor vehicles, Motor vehicle parts

Interesting Fact
In 2015, Korea was the United States’ 6th largest trading partner, while the United States was Korea’s 2nd largest.

 

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