DHAKE INDUSTRIES RECEIVES PRESIDENTIAL AWARD FOR EXPORTS

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today presented DHAKE INDUSTRIES with the President’s “E” Award for Exports at a ceremony in Washington, D.C. to which President Obama was invited. The “E” Awards are the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports.

“Exporting continues to be the foundation of our sales growth, and we are honored to receive the “E” Award,” said Mr. B.G. Dhake, Dhake Industries’ President and CEO. “When we first began exporting nearly 10 years ago, export sales accounted for a very small percent of our total sales. During the past ten years however, export sales have grown to 45 percent of our total sales, enabling us to sustain jobs and continue to expand our work force, even through the economic downturn a few years ago.”

“Dhake ndustries has demonstrated a sustained commitment to export expansion. The “E” Awards Committee was very impressed with Dhake Industries’ work to develop a market for its products in China.The company’s participation in international trade missions was also particularly impressive.Dhake Industries’ achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs,” said Secretary Pritzker in her congratulatory letter to the company announcing its selection as an award recipient.

Dhake Industries, located in Plymouth, MI, is a manufacturer of interior and exterior OEM automotive paints and coatings. Being a major supplier of coatings for many interior and exterior automotive components, Dhake Industries prides itself on being the leader in coatings technologies in the industry.

U.S. exports of goods and services hit an all-time record of $2.3 trillion in 2013. Nationally, jobs supported by exports reached more than 11 million last year, up 1.6 million since 2009. Launched earlier this month, NEI/Next, a new phase of President Obama’s National Export Initiative, works to boost economic growth and support additional American jobs by assisting more U.S. companies of all sizes in exporting to more markets across the globe.

President Kennedy revived the World War II “E” symbol of excellence to honor and provide recognition to America’s exporters. The “E” Award Program was established by Executive Order 10978 on December 5, 1961. Four years of successive export growth and an applicant’s demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in making the award.

U.S. companies are nominated for the “E” Award for Exports through the Department of Commerce’s U.S. and Foreign Commercial Service office network, located within the Department’s International Trade Administration, which has offices in 108 U.S. cities and more than 70 countries to help U.S. exporters.

DHAKE INDUSTRIES WINS PRESIDENT’S “E” AWARD

PLYMOUTH, Mich., April 23, 2014 — Dhake Industries,a leading, global supplier of Interior and Exterior Automotive Coatings, has been selected to receive the President’s “E” Award for Exports. This prestigious and coveted award is given to only select companies in the United States who show exceptional contributions to the U.S. economy in terms of its export.

The award will be given in a formal ceremony held in May in Washington D.C. where President Obama is invited. The award will most
likely be presented by Secretary of Commerce Penny Pritzker. Secretary Pritzker congratulated Dhake Industries “in recognition of your
company’s achievement in making significant contributions to the increase of U.S. exports.” More exciting news to come…

DHAKE INDUSTRIES Selected to be part of Trade Mission to Brazil with the Lt. Governor of Michigan

PLYMOUTH, Mich., May 13,2013-Dhake Industries, a leading, a global supplier of Interior and Exterior Automotive Coatings, has been selected by the State of Michigan to be one of only 10 delegate companies to be part of a Trade Mission to Brazil. The Lt. Governer of Michigan, Mr.Brian Calley, will be accompanying the delegate companies and meeting with them during the trip.

Mr. Arjun Dhake, V.P. Business Development, will be representing Dhake Industries on this Mission with the Lt. Governor. The trip will be the week of May 13, 2013 and will be focused on meeting new customers to further our growth in the Brazil market.

Dhake Industries receives Presidential Award for Exports

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today presented DHAKE
INDUSTRIES with the President’s “E” Award for Exports at a ceremony in Washington, D.C. to
which President Obama was invited. The “E” Awards are the highest recognition any U.S. entity
may receive for making a significant contribution to the expansion of U.S. exports.

“Exporting continues to be the foundation of our sales growth, and we are honored to receive the
“E” Award,” said Mr. B.G. Dhake, Dhake Industries’ President and CEO. “When we first began
exporting nearly 10 years ago, export sales accounted for a very small percent of our total sales.
During the past ten years however, export sales have grown to 45 percent of our total sales,
enabling us to sustain jobs and continue to expand our work force, even through the economic
downturn a few years ago.”

“Dhake Industries has demonstrated a sustained commitment to export expansion. The “E”
Awards Committee was very impressed with Dhake Industries’ work to develop a market for its
products in China. The company’s participation in international trade missions was also
particularly impressive. Dhake Industries’ achievements have undoubtedly contributed to
2 national export expansion efforts that support the U.S. economy and create American jobs,” said
Secretary Pritzker in her congratulatory letter to the company announcing its selection as an
award recipient.

Dhake Industries, located in Plymouth, MI, is a manufacturer of interior and exterior OEM
automotive paints and coatings. Being a major supplier of coatings for many interior and
exterior automotive components, Dhake Industries prides itself on being the leader in coatings
technologies in the industry.

U.S. exports of goods and services hit an all-time record of $2.3 trillion in 2013. Nationally,
jobs supported by exports reached more than 11 million last year, up 1.6 million since 2009.
Launched earlier this month, NEI/Next, a new phase of President Obama’s National Export
Initiative, works to boost economic growth and support additional American jobs by assisting
more U.S. companies of all sizes in exporting to more markets across the globe.
President Kennedy revived the World War II “E” symbol of excellence to honor and provide
recognition to America’s exporters. The “E” Award Program was established by Executive Order
10978 on December 5, 1961. Four years of successive export growth and an applicant’s
demonstration of an innovative international marketing plan that led to the increase in exports is
a significant factor in making the award.

U.S. companies are nominated for the “E” Award for Exports through the Department of
Commerce’s U.S. and Foreign Commercial Service office network, located within the
Department’s International Trade Administration, which has offices in 108 U.S. cities and more
than 70 countries to help U.S. exporters.

Plymouth Township-based Dhake Industries expanding R&D operations


RameyArjun Dhake and B.G. Dhake of Dhake Industries.
In an industry dominated by multibillion-dollar powerhouses, a thriving family-operated paint and coating company in Plymouth Township is planning to expand its research and development operations.

Dhake Industries, just north of Plymouth, plans to build an 8,000-square-foot, two-story office building next to the office and manufacturing plant it has occupied for 23 years.

The company employs 25.

The plan is to move the office functions into the new building and expand the R&D operations in the existing office space, said CEO B.G. Dhake.

He said the key to the company’s survival has been cultivating buyers as far away as China, Vietnam and Brazil. “Otherwise, we go out of business,” he said.

That’s because sales from long-term clients in Detroit are waning. “We have the same customers buying less volume,” Dhake said. “We didn’t lose any customers.”

Pending tax abatement approval, construction on the $1.35 million building will begin in August and wrap up by February, Dhake said. He is seeking a 50 percent tax abatement over 12 years; a public hearing has been scheduled for Aug. 19 by the township Board of Trustees.

Dhake, a native of India, said there’s a long tradition of business ownership in his family. Dhake’s son Arjun Dhake is vice-president for business development for the company and a University of Michigan graduate.

Once the new R&D space is available, the plan is to try to enter the consumer electronics market, B.G. Dhake said.

Arjun Dhake said more effort will be focused on finding new customers. “We’re looking to have more people in sales and marketing,” he said.

According to Troy-based Paint and Coatings Industry magazine, each of the top five companies in the sector have coating sales of more than $2 billion a year: PPG Industries has sales of $7.46 billion, number two DuPont Coatings & Color Technologies Group has $6.6 billion, and third-place Sherwin-Williams has $6 billion.

Magazine publisher Donna Campbell said the trend has been for larger companies to buy out smaller, independent firms. “They snatch up the smaller companies,” he said. “If (Dhake) is surviving, that’s wonderful.”

She also said rising raw materials costs are putting pressure on the industry.
“For a small company to be able to survive escalating prices of raw materials is amazing,” Campbell said.

Arjun Dhake said the company has been approached by larger companies to be purchased several times, but Dhake Industries is not for sale.

He also said the company has either had to simply absorb the increased materials costs or find ways to save money in its operations.

B.G. Dhake has patented some of his paint and coating products, and helped create the typewriter correction product Wite-Out. He said it was a lucrative effort but quickly became obsolete.

The key attributes of the white liquid – non-flammable, quick-drying and flexible – were not very difficult to attain, he said.

“It was easy to come up with the product,” he said. “It was hard to find the brush and the bottle.”

Contact Dan Meisler at (734) 302-1721 or danm@mbusinessreview.com.