Industry & Business

Raw Materials

February Cost Burdens Rise at Fastest Rate Since May 2011

    February Cost Burdens Rise at Fastest Rate Since May 2011

The rate of input cost inflation accelerated sharply in February, amid higher prices for a range of raw materials, but output charge inflation moderated, according to the Investec Manufacturing PMI report for Ireland, released on Wednesday.
The report found that, overall, business conditions continued to improve in the Irish manufacturing sector during February as new orders rose […]

Read Full Article

Price of Basic Metals Rises 12.1 Percent

    Price of Basic Metals Rises 12.1 Percent

The price of basic metals rose 12.1 % in January while other factory gate prices remained relatively stable, according to figures released by the Central Statistics Office on Wednesday. Total monthly factory gate prices increased by 0.2% in January compared to the previous month, and fell by 0.1 % compared to Janaury 2016.
The price index […]

Read Full Article

January Sees “Near-Record” Rise in Construction Employment

    January Sees “Near-Record” Rise in Construction Employment

Activity in the Irish construction sector rose sharply in January on the back of higher new orders, according to the Ulster Bank Construction PMI Report, released on Monday. The survey highlighted a near-record rise in employment as companies responded to greater workloads.
The rate of input cost inflation quickened to the sharpest since February 2007 according […]

Read Full Article

January Sees 18-Month High for Manufacturing Output Growth

    January Sees 18-Month High for Manufacturing Output Growth

The Irish manufacturing sector remained in growth territory during the opening month of 2017, with both output and new orders increasing at sharper rates, according to the seasonally adjusted Investec Purchasing Managers’ Index (PMI) – an indicator designed to provide a single-figure measure of the health of the manufacturing industry, released on Wednesday.
The survey showed that […]

Read Full Article

Applications Sought to Suspend Import Duties

    Applications Sought to Suspend Import Duties

Manufacturers importing from outside the EU were asked to apply for a scheme that allows for tariffs to be dropped on raw materials, components and intermediate products that cannot be sourced in the EU, The Department of Jobs, Enterprise and Innovation announced on Sunday.
The tariff quota scheme is designed to address shortages in the availability […]

Read Full Article

Factory Gate Prices Rose 0.9% in November

    Factory Gate Prices Rose 0.9% in November

Monthly factory gate prices increased by 0.9% in November 2016, according to data released by the CSO on Thursday. This compares to an increase of 2.9% for November of last year. The annual percentage change showed a decrease of 0.3% in November 2016, compared with an increase of 1.6% in the year to October 2016.
Price […]

Read Full Article

Fracking Ban Justified by EPA Report – Minister for Environment

    Fracking Ban Justified by EPA Report –  Minister for Environment

Minister for Communications, Climate Action and the Environment Denis Naughten said on  Wednesday, November 30, that an EPA-led research programme on the  on the Impacts of Hydraulic Fracturing on the Environment and Human Health justified the continued prohibition on hydraulic fracking.
“I am on record as having raised concerns with regard to the use of hydraulic […]

Read Full Article

Providence Resources Contract ‘Drill-Ship’ to Create Oil Well Off Irish Coast

    Providence Resources Contract ‘Drill-Ship’ to Create Oil Well Off Irish Coast

Providence Resources announced on Thursday, November 24, that a Stena IceMAX drill ship had been contracted to drill an exploration well at the Druid and Drombeg sites, about 220 kilometers off the southwest coast of Ireland. The Stena IceMAX is a modern, harsh-environment, dual-derrick drill-ship designed to operate in water depths of up to 3 […]

Read Full Article

Irish-Based Oil and Gas Explorer Drills in West Africa

Tullow, an Irish oil and gas explorer stated that its project in West Africa is on schedule. The Ten project, based in Ghana, is expected to see oil within the next three weeks.

Read Full Article

Turkey Approves the Import of Irish Cattle

While Irish beef farmers were fearing the affects of the rising herd numbers, agents from Turkey bought thousands of live cattle.

Read Full Article

Oil prices hit 2016 high on output-freeze hopes

    Oil prices hit 2016 high on output-freeze hopes

US oil futures touched new highs for 2016 today and are set to post gains for a fifth straight week on growing optimism that major producers would strike a deal to freeze output, while a more benign interest rate environment also supports prices.
Brent US crude was up 3 cents at $40.23 barrel, after rising to […]

Read Full Article

Oil prices dip after rally but supply worries persist

    Oil prices dip after rally but supply worries persist

Oil prices held most of the previous day’s strong gains today as a dive in US petrol stockpiles fuelled hopes for a pick-up in demand. But traders remain on edge over the long-running supply glut.
Both contracts soared yesterday, with US benchmark West Texas Intermediate hitting a three month high and Brent breaking $41 after a US energy […]

Read Full Article

Tullow Oil sales surge as partner Africa Oil sells it’s assets

    Tullow Oil sales surge as partner Africa Oil sells it’s assets

Shareholders in Tullow Oil received a considerable boost today as Maersk Oil ventured into the world of East African oil through a partial acquisition of drilling licenses in the region.
Tullow’s shares climbed yesterday after its partner, Africa Oil, sold 50 per cent of its holdings to a setof oil fields in Kenya and Ethiopia to Maersk for […]

Read Full Article

Oil market on course to stabilise with growing demand

    Oil market on course to stabilise with growing demand

Global demand for crude is growing while non-OPEC countries are producing less of it.
This is helping to bring the supply and demand for oil back into equilibrium, OPEC’s Secretary-General Abdalla Salem El-Badri and Kuwait’s oil minister said.
“The current situation in the market is positive,” El-Badri said on Monday at a conference in Kuwait City. “I […]

Read Full Article

Ireland to be fastest growing economy in Europe

    Ireland to be fastest growing economy in Europe

Ibec, the group that represents Irish business, today said that despite disappointing preliminary growth figures for the third quarter, the economy will significantly outperform the rest of Europe and grow by a spectacular 5.7% this year. In 2014 the recovery finally reached the domestic economy. Unemployment is falling, investment is on the rise and the […]

Read Full Article

Sustainable Food & Beverage Manufacturing Conference & Exhibition is Major Success

    Sustainable Food & Beverage Manufacturing Conference & Exhibition is Major Success

450 delegates from food and drink businesses across the UK and Ireland attended the inaugural Sustainable Food & Beverage Manufacturing Conference & Exhibition, which was held at the Motor Cycle Museum, Birmingham on Thursday, 23rd of October 2014.
In line with the event’s theme of ‘sustainable growth for sustainable profits’, the speakers at the Conference were […]

Read Full Article





New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4