November 2011 was an eventful month for Fargo-based Titan Machinery as they announced two milestones: the acquisition of Jewell Implement Company in Iowa, marking the 90th dealership in the region, and expansion into Europe with the entry into the Romanian market.
Lt. Gov. Drew Wrigley has been invited to speak at the 2011 Kazakhstan-US Investment Forum in New York City on Dec. 7, 2011. Lt. Gov. Wrigley will participate in a panel discussion centered on the potential for US Business to take a major niche in Kazakhstan’s agriculture sector.
Legacy Steel Buildings has been manufacturing high-quality, pre-engineered steel buildings for more than 50 years. Like many North Dakota family businesses, Legacy is built on a foundation of hard work and honesty, but with business in over 100 countries, this is no mom and pop-style shop.
The North Dakota Trade Office, in conjunction with the North Dakota Department of Agriculture, will lead companies to Southeast Asia Nov. 30 – Dec. 7, 2011, during the Indonesia and Vietnam Trade Mission.
The North Dakota Trade Office has once again partnered with North Dakota State University for the third installment of the NDSU Export Management course. The 12-week course is offered to students as well as business professionals and prepares attendees for expansion into the global marketplace. For exporters, the class will run from Jan. 10 – April 3, 2012.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a notice in the Federal Register on October 12, 2011, announcing the issuance of a general license for the export of food products to Iran and Sudan. Previously, exports to the two countries required specific one-year licenses from OFAC; these new regulations will open the trade corridor for North Dakota food product companies who are interested in exporting to Iran and Sudan.
The Business Opportunities in China Trade Talk, held Nov. 2 in Fargo and Jamestown and Nov. 3 in Bismarck, drew 60 participants from around the region, representing the value-added agriculture, machinery, grain storage, government and education industries.
The U.S. House and Senate have approved three trade pacts with Colombia, Panama, and South Korea, which will further boost exports in North Dakota. These agreements are expected to be signed by President Obama on Friday, Oct. 21, 2011.
Featured ND Business Watch on October 16, 2011
When PepsiCo advertised in Taiwan with the ad “Come Alive with Pepsi”, they had no idea that it would be translated into Chinese as “Pepsi brings your ancestors back from the dead.”
This type of cultural blunder is obvious, but success in international business goes much further than being aware of the idiosyncrasies of language.
Two of North Dakota’s agricultural visionaries have announced the formation of Intelligent Agriculture Solutions (IAS), a joint venture with the goal of bringing new, high-technology, low-cost electronics to the agricultural equipment markets.