With weak dollar, exports skyrocket

Cyril Bath Co. in Union County represents an export boom.

The weak dollar has helped drive oil prices to historic highs and curbed overseas vacations, but it also has boosted exports, with almost $40 billion in goods heading from North Carolina and South Carolina to other countries last year, U.S. Department of Commerce data show. That's an increase of almost 64 percent in the past five years.

In a football-field-size building, Cyril Bath makes machines that make parts for aircraft fuselages and frames. The 80-year-old company has a sister company in France, but more European customers are placing orders in the United States, where they get a discount by spending euros to buy products priced in dollars, said the president, Michael Zimmer.

As a result, Zimmer said, annual sales are at $70 million, up from $40 million five years ago.

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