Smethwick-based Hadley Group is in talks to set up a joint venture in South America

A SMETHWICK engineering business is targeting Latin America for growth. Hadley Group, which currently exports to 33 markets, is in talks to set up a joint venture in Chile.

Stewart Towe, chairman and group managing director of Hadley Group, said the firm’s success in other export markets had prompted it to look at opportunities in South America.

“We have experienced great success in exporting and a key reason for this is the research we undertake to get to grips with our target markets,” said Mr Towe, who is also chairman of the Black Country Local Enterprise Partnership.

“Although funding is a significant barrier for many businesses, I believe the majority of companies struggle to get their export business off the ground because of a lack of understanding. The opportunities are certainly out there, but what local firms would benefit from is a network of businesses, which are already successfully exporting to emerging markets, so they can tap in to their expert knowledge.”    

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