INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket Corp. has seen its revenue and employee base rise by about 25 percent during the last decade.
So it should come as no surprise that the firm and its nearly 180 global employees were recognized as just one of 32 companies in the country by U.S. Secretary of Commerce Wilbur Ross as a 2017 President's "E" Award recipient.
The President's "E" Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. In 1961, President Kennedy signed an executive order reviving the World War II "E" symbol of excellence to honor and provide recognition to America's exporters. Today's honorees helped contribute to the U.S. exporting $2.2 trillion worth of goods and services in 2016, and the estimated 11.5 million American jobs supported by exports.
For Hoosier Gasket, the award is the result of a decade-long plan to increase exports to take advantage of evolving markets in Eastern Europe, Asia and other parts of the world, Vice President Oleg Gostomelsky said.
"This is the highest award that the U.S. Government gives to private businesses for exports, so while we knew that we were nominated and weren't stunned by receiving the reward, it is a humbling achievement," Gostomelsky said.