Industry & Business

Exports

Export Sales by Enterprise Ireland Client Companies Hit New Record

    Export Sales by Enterprise Ireland Client Companies Hit New Record

Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded export sales of €22.71 billion in 2017, representing a 7 per cent increase on 2016. This is the highest level of export sales recorded in the history of the agency and the eighth-consecutive year of […]

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Irish Whiskey Industry Welcomes EU-Japan Trade Agreement

    Irish Whiskey Industry Welcomes EU-Japan Trade Agreement

The Irish Whiskey Association has welcomed the signing of the EU-Japan Economic Partnership Agreement, the largest trade deal negotiated yet by the European Union. While sales of Irish whiskey remain relatively low, Japan is currently the largest market in Asia for Irish whiskey and last year Irish whiskey sales in Japan recorded a 15.7% growth to […]

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Reliance on UK Exports Could Lead to High Brexit Cost Increases For Irish Firms

    Reliance on UK Exports Could Lead to High Brexit Cost Increases For Irish Firms

Irish-owned firms rely heavily on the UK as the source of intermediate inputs, which are goods used to produce a final product. Over half of the total imports used by Irish-owned firms are sourced in the UK with many importing solely from the UK market. Many Irish-owned companies are therefore highly exposed to cost increases […]

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Nearly 10 Million Cases of Irish Whiskey Sold Globally Last Year

    Nearly 10 Million Cases of Irish Whiskey Sold Globally Last Year

The Irish whiskey industry sold 9.7 million cases of whiskey globally in 2017, a 10.6 percent increase on the previous year, according to figures compiled by International Wine and Spirits Research (IWSR). Irish whiskey remains the world’s fastest-growing spirit category and the 2017 global total exceed interim sales targets set by the Irish Whiskey Association […]

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Bord Bia’s 2018 Brexit Barometer Results

    Bord Bia’s 2018 Brexit Barometer Results

The Minister for Agriculture, Food and the Marine Michael Creed TD has launched the Bord Bia 2018 Brexit Barometer, a comprehensive survey of 117 Irish food, drink and horticulture companies, representing 48% of the sector’s exporters to the United Kingdom. Over 100 senior industry representatives attended the launch in Bord Bia to hear the report findings.
The purpose […]

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Irish Gin Exports Up 433% in First Quarter of 2018

    Irish Gin Exports Up 433% in First Quarter of 2018

New CSO figures reveal that the value of Irish gin exports grew by a whopping 433 per cent in the first quarter of 2018, compared to the first quarter of 2017. In the first quarter of 2018, exports of Irish gin were valued at €935,000, compared to just €175,000 in the first quarter of 2017. […]

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Irish Exporters Association Launches 18th Export Industry Awards

    Irish Exporters Association Launches 18th Export Industry Awards

The Irish Exporters Association, in partnership with platinum sponsors KPMG and Trinity Business School, Trinity College Dublin, has announced that the 18th Export Industry Awards are now open for applications and launched the Alumni Programme for 2018. Companies can now submit their online application at http://www.irishexporters.ie/export-industry-awards/ to compete across 11 export industry related categories and be in with […]

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Specialist Joinery Group Announces New Jobs as £5 Million Factory Opens

    Specialist Joinery Group Announces New Jobs as £5 Million Factory Opens

As it marks 30 years of business, Specialist Joinery Group is recruiting 52 additional staff as part of a multi-million pounds investment. The investment included a major extension to its factory in Maghera which now spans three acres.
The bespoke joinery and fitted furniture manufacturer is expanding its workforce to help grow its business in Great Britain and Europe. […]

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Whitewater Brewery Builds its International Customer Base

    Whitewater Brewery Builds its International Customer Base

Castlewellan-based Whitewater Brewery Co Ltd has secured new customers in Spain, Japan and Russia as part of efforts to increase traction in international markets. This success follows an investment to build a new, state-of-the-art, brewing facility to support the company’s continued growth in the global craft beer market.
Invest NI supported the development of Whitewater’s new manufacturing facilities […]

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200 New Jobs in Monaghan as Combilift Opens New Global Headquarters and Manufacturing Facility

    200 New Jobs in Monaghan as Combilift Opens New Global Headquarters and Manufacturing Facility

200 new jobs will be created in Monaghan with the announcement that forklift manufacturer and material handling solutions provider Combilift is to expand its workforce. The announcement was made by An Taoiseach Leo Varadkar TD (pictured right) at the opening of Combilift’s new €50 million global headquarters and manufacturing facility.
The 200 new jobs, to be […]

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Major Export Deal Helps BM Steel Fabrications Double Workforce and Triple Turnover

    Major Export Deal Helps BM Steel Fabrications Double Workforce and Triple Turnover

Newry-based steel fabrication company, BM Steel has won its first business in Holland & Great Britain, estimated to be worth £800,000 in its first year. The contract is a joint venture with GB structural engineering firm, JB Towers, to supply the company’s products to DAEL Telecomm to service Holland and GB’s telecomm market.
Mike Mathers, Director […]

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Ornua Appoints Chief Executive Designate

    Ornua Appoints Chief Executive Designate

The Board of Ornua, Ireland’s largest exporter of Irish dairy products, has appointed John Jordan as Chief Executive Designate. John Jordan will assume the role of Chief Executive on 30 June 2018 when he will succeed Kevin Lane, who announced his resignation as CEO on 12 December 2017.
John Jordan is currently CEO of Ornua Foods […]

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Musgrave Agrees €5 Million Export Deal

    Musgrave Agrees €5 Million Export Deal

Musgrave Group, Ireland’s leading food retail and wholesale company, has announced an export deal worth €5 million with Alosra, the Kingdom of Bahrain’s leading high-end supermarket. Alosra is the grocery retail subsidiary of BMMI Group, a long-established retail, distribution and hospitality group that is listed on the Bahraini stock exchange.
Under the terms of the agreement, Musgrave will […]

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Ornua Delivers Record Revenue

    Ornua Delivers Record Revenue

Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results […]

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Irish R&D Supports Bausch + Lomb’s $205 Million Investment in Waterford

    Irish R&D Supports Bausch + Lomb’s $205 Million Investment in Waterford

Over 96% of the lens volume produced by Bausch + Lomb, the global eye care specialist, at its plant in Waterford has been developed by the facility’s in-house R&D Laboratory, pointed out Joe Dowling (pictured above), R&D Director, Bausch + Lomb, Waterford, at the recent 2018 Research & Innovation Conference & Exhibition held at Citywest […]

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Irish Spirits Association and Scotch Whisky Association Tackle Brexit at Annual Industry Meeting

    Irish Spirits Association and Scotch Whisky Association Tackle Brexit at Annual Industry Meeting

The Irish Spirits Association (ISA) recently hosted the Scotch Whisky Association (SWA) in Dublin for their annual bilateral meeting, which this year was dominated by the challenges posed by Brexit. Ireland’s whiskey industry faces unique risks associated with regulatory divergence and trade border controls after Brexit. However, Brexit also poses opportunities for the industry, as Irish […]

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Irish Gin Exports Set to Grow Significantly in 2018

    Irish Gin Exports Set to Grow Significantly in 2018

Irish gin is expected to go global this year, with exports set to rise significantly, according to Alcohol Beverage Federation of Ireland (ABFI), which has just released its outlook for 2018. In the outlook, ABFI, which represents drinks manufacturers and suppliers in Ireland, raised serious concerns about what it describes as the draconian and disproportionate […]

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Irish Businesses Should Prepare For a ‘Hard’ Brexit

    Irish Businesses Should Prepare For a ‘Hard’ Brexit

“Businesses across Ireland must prepare themselves for a ‘hard’ Brexit. You must establish your exposure now,” cautioned Lucinda Creighton (pictured), when addressing the recent National Manufacturing and Supply Chain Conference & Exhibition, held at the Citywest Convention Centre in Dublin.
Lucinda Creighton is the founder of Vulcan Consulting and a former Member of Parliament and Minister […]

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Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

    Three-quarters of SMEs Expect to be Impacted by Brexit in Next 18 Months

The Department for Business, Enterprise and Innovation’s second survey of SMEs about the impacts of Brexit on their businesses found that while 75% of SMEs expect to be impacted by Brexit over the next 18 months, only 16% have a formal Brexit contingency plan.
The Behaviours & Attitudes (B&A) survey, which was conducted last autumn, asked […]

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Another Record Year For Irish Food and Drink Exports

    Another Record Year For Irish Food and Drink Exports

The value of Irish food, drink and horticulture exports increased by 13% in 2017, to reach €12.6 billion for the first time. The figure increases to €13.5 billion when non-edible products such as forestry are included.
According to Bord Bia (Irish Food Board), last year’s export performance was driven by a surge in dairy exports to […]

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Teagasc National Dairy Conference- Seizing Opportunities For a Better Future

    Teagasc National Dairy Conference- Seizing Opportunities For a Better Future

Milk production in Ireland has gone from 5.5 billion litres to over 7 billion litres and that trend is set to continue. That was the opening message from Michael Hanley, chief executive of Lakeland Dairies, as he delivered the key note address at the recent Teagasc National Dairy Conference.
“Our milk suppliers are increasing production by […]

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Yelo Opens New £2 Million Factory in Carrickfergus

    Yelo Opens New £2 Million Factory in Carrickfergus

Yelo, a leading test equipment manufacturing company, has officially opened its new 25,000 sq ft facility at Trooperslane Industrial Estate, Carrickfergus. Invest Northern Ireland offered Yelo over £243,000 towards the construction project.
Invest NI’s Chief Executive, Alastair Hamilton, says: “This new facility marks an exciting new chapter for Yelo that will facilitate the company’s continued growth in […]

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Irish Dog Foods is Exporter of the Year 2017

    Irish Dog Foods is Exporter of the Year 2017

The Export Industry Awards 2017, the premier event recognising the remarkable achievements of companies working in the export industry in Ireland, took place recently at the Clayton Hotel in Dublin. Eleven companies won individual category awards across a range of sectors. Kildare-based Irish Dog Foods was crowned the overall Exporter of the Year Award 2017 after winning the […]

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Invest NI Expands International Network With New Office in Sydney

    Invest NI Expands International Network With New Office in Sydney

Invest Northern Ireland is to increase its presence in Australia with a new Regional Manager to be based in Sydney. The announcement was made as Invest NI’s Chief Executive, Alastair Hamilton was leading a recent trade mission to Australia. The trade mission includes thirteen companies from a number of leading Northern Ireland sectors including ICT, Advanced […]

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Carrickfergus Specialist Joinery Business Carves Out Growth Plans

    Carrickfergus Specialist Joinery Business Carves Out Growth Plans

Abbey Upholsterers Specialist Joinery & Fit Out is expanding its workforce and manufacturing space in Carrickfergus with support from Invest Northern Ireland. To meet the demands driven by new contract opportunities, fifteen new roles will be recruited at Abbey Upholsterers by 2019.
The majority of the roles will be in its production division to support the business in […]

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Invest NI to Build on Export Growth in Greater China

    Invest NI to Build on Export Growth in Greater China

Invest Northern Ireland has opened a new office in Hong Kong in a drive to increase exports to Hong Kong and the Southern China region. Mark Ennis, Chairman of Invest NI, said: “Hong Kong and Southern China offer tremendous opportunities for ambitious Northern Ireland companies to export here. The appetite for Northern Ireland goods is increasing. […]

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Boyne Valley Food Innovation District Breaks International Markets

    Boyne Valley Food Innovation District Breaks International Markets

When the government set its ambitious job creation targets of over 25,000 new jobs for the Mid East region (Meath, Kildare & Wicklow) through its Action Plan for Jobs strategy, Meath Enterprise accepted the challenge by driving forward with the development of the Boyne Valley Food Innovation District (BVFID). This innovative and strategic project has […]

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Irish Spirits Industry Shows Vibrant Growth

    Irish Spirits Industry Shows Vibrant Growth

The Irish spirits industry is undergoing vibrant growth, with exports increasing substantially in recent years, according to a new report released by the Irish Spirits Association. The report is the first-ever industry and market report on Irish spirits, and shows that the number of licensed spirits producers in Ireland doubled between 2014 and 2016.
According to […]

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Combilift Signs $1 Million Contract in Australia

    Combilift Signs $1 Million Contract in Australia

Combilift, the Irish manufacturer of multi-directional forklifts based in Monaghan, has signed a contract with Civmec, an Australian construction and engineering company that is worth an additional $1 million to the Irish company. Civmec is an integrated, multi-disciplined construction and engineering services provider to the oil and gas, metals and minerals, infrastructure and defence markets […]

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Portwest Acquires Second Australian Workwear Company

    Portwest Acquires Second Australian Workwear Company

Leading safety clothing and personal protective equipment (PPE) manufacturers Portwest have agreed to acquire a second workwear company in Australia (due to current legal obligations, the name of the Australian cannot be disclosed). The announcement was made at a recent Enterprise Ireland business lunch in Melbourne, attended by 200 business leaders from Ireland and Australia, […]

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Irish Exporters Association Response to Budget 2018

    Irish Exporters Association Response to Budget 2018

The Irish Exporters Association, the voice of the Irish industry, has welcomed Budget 2018 delivered by Minister for Finance, Public Expenditure and Reform, Paschal Donohoe.
Commenting on the Budget announcement, Simon McKeever, Chief Executive of the Irish Exporters Association, stated: “The Irish Exporters Association welcome the increased investment across health, education, housing and public transport as these […]

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Irish exporters feeling pressure of long term Brexit uncertainty

    Irish exporters feeling pressure of long term Brexit uncertainty

The Irish Exporters Association (IEA), the voice of Irish exporters, has released results of its most recent survey, the ‘IEA Export Eye,’ conducted with members regarding Irish exporters’ sentiments on critical issues that have both direct and indirect impacts on business. The areas members were surveyed on include: ‘Brexit’ and its impact on business; entrepreneurship […]

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Irish Stock Exchange 2016 profits up 21% to €8m

    Irish Stock Exchange 2016 profits up 21% to €8m

The Irish Stock Exchange (ISE) plc has recorded another strong financial year with results published this week showing a 21% rise in profit after tax to €8m (2015: €6.6m). Revenues grew by 6% to €29.2m and total assets rose by 22% to €64.2m. With over 35,000 securities quoted on its markets from issuers located in 85 […]

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Irish Exporters Association elects first female President

    Irish Exporters Association elects first female President

The Irish Exporters Association (IEA) has announced that Nicola Byrne, Founder of 11890 Directory Inquiries and Cloud90, is the President of the Irish Exporters Association. Nicola takes over the IEA Presidency from Paschal McCarthy who has served as IEA President since January 2016. Nicola is the organisation’s first female President since its establishment in 1951.
Simon […]

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Enterprise Ireland client company exports increase by 6%

    Enterprise Ireland client company exports increase by 6%

Enterprise Ireland has announced that its clients recorded export sales of €21.6 billion in 2016, representing a 6% increase on 2015. Export growth to the UK, however, which accounted for €7.5 billion of exports, slowed from 12% in 2015 to 2% in 2016. The slowdown was largely due to a decline in food exports.
Speaking at […]

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