GDK Group is a NSW-based, family-owned business that is a multi-disciplined manufacturer of acoustic panelling, timber wall and ceiling panels and customised design finishes. Established over 30 years ago, the business started with eight staff and a focus on the NSW commercial market.
Today, GDK employs close to 100 staff, operates out of a 6000sqm ISO certified manufacturing facility, and has evolved into one of the leading joinery and architectural components manufacturers in Australia, servicing the commercial and industrial markets.
GDK clients include a range of blue chip companies, as well as various Federal and State government agencies across the country.
A new opportunity
Exporting for close to five years, GDK has delivered projects in Singapore, Indonesia and the Philippines, and is continuing to experience significant interest in its products from the Asian market, due to the high quality.
In order to build on its initial success in the region, GDK developed an international expansion strategy that includes opening a sales office and showroom in Singapore. This will help the company capitalise on further opportunities in Asia, and allow GDK to build its staff numbers and give potential clients the ability to see the product offering.
To make this expansion a success, GDK required funding for setup and operating costs of the new Singapore office and showroom. While its bank was supportive of GDK’s expansion plans, they were unable to provide further finance. Having spoken to Efic in 2014, GDK approached Efic for a solution.
A helping hand
We were able to provide an Overseas Direct Investment Guarantee to GDK’s bank. This allowed GDK to establish an office and showroom in Singapore, and continue on a path of export growth in the Asia region.
GDK is now focusing on making exports the largest part of the business.