Exports


1
Feb 14

Irish Virtual Services Exports Surge.

By Michael Hennigan, Finfacts founder and editorGoogle Announces 21% rise in 2013 Revenues;

Google announced on Thursday that revenues (ex-Motorola) rose 21% at a global level in 2013 and with over 40% booked in Ireland, 2013 will have been another year when Ireland’s virtual services exports will have surged (Irish services data will be published in March 2014). On Wednesday, Facebook announced a 55% rise in 2013 revenues and in 2012, 48% of global revenues were booked in Ireland.

Last year companies such as Google, Facebook and Microsoft boosted Irish computer services exports by 15%, to cut the tax rates on their overseas earnings to low single digits.  Google said the number of clicks on its search advertisements rose 31% in the fourth quarter of 2013 from the prior year but the average revenue for each click continued its decline, dropping 11% from fourth quarter 2012. However, the search engine giant posted a 17% quarterly increase in revenue and a 15% rise in profit in the fourth quarter compared with the prior year.

On Wednesday, Google had announced plans to sell its unprofitable Motorola  smartphone unit to Lenovo Group of China for $2.9bn.  Google’s shares rose about 4% in after-hours trading, having closed at the 4 pm shutdown of normal trading at $1,135.39, up 2.6% – -giving it a market valuation of $379.3bn. The shares are up about 60% since the start of 2013, including late Thursday trading.

Google segment revenues (ex-Motorola) were $15.72bn, or 93% of consolidated revenues, in the fourth quarter of 2013, representing a 22% increase over fourth quarter 2012 Google segment revenues of $12.91bn;  Google segment revenues from outside of the United States totaled $8.77bn, representing 56% of total Google segment revenues in the fourth quarter of 2013, compared to 56% in the third quarter of 2013 and 54% in the fourth quarter of 2012. Revenues from the United Kingdom totaled $1.50bn, representing 10% of total Google segment revenues in the fourth quarter of 2013, compared to 10% in the fourth quarter of 2012 – -  most of this revenue is booked in Ireland.

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26
Sep 13

200 National Pen Jobs for Dundalk

At the Jobs Announcement at National  Pen  Peter Kelly  National Pen Richard Bruton  MInister for Jobs Enterprise and  Innovation  An Taoiseach Enda Kenny TD

Dundalk is to get 200 jobs over the next five years.

This expansion will bring National Pen’s permanent workforce to 459 by the end of 2017.

The announcement was made at the global headquarters of National Pen at the Xerox Technology Park last Friday by Taoiseach Enda Kenny.

National Pen in Dundalk produces branded stationery promotional products and exports to 19 countries.

 

These new jobs will be created across the company in its sales, customer services, manufacturing, technical and administrative functions.

Making the announcement Taoiseach Enda Kenny TD said the creation of 200 new jobs at National Pen is fantastic news for Dundalk and the surrounding area and it demonstrates the company’s commitment to Ireland.

“National Pen are a key export company and announcements like this are a significant signal of Ireland’s strengths as a location for investment,” Mr Kenny said.

“The Government, through our Action Plan for Jobs, will continue to prioritise measures which will build on the 3,000 new jobs being created by the private sector every month.”

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8
Jul 13

Innovative Entrepreneurs focus their growth Ambitions on Export Market.

Global Entrepreneurship Report for Ireland for 2012.The Minister for Jobs, Enterprise and Innovation Richard Bruton TD today (Friday) launched the Global Entrepreneurship Report for Ireland for 2012.

The report shows that 19,000 people started new businesses in Ireland in 2012, and highlights the findings that new business start-ups are increasingly innovative and that the majority expect to find customers in export markets (see key findings at the end of the press release). The Report also shows that for the first time the growth aspirations among women entrepreneurs have considerably increased and the gender gap in this area has been almost eliminated.

The GEM report is supported by the Department of Jobs, Enterprise and Innovation Enterprise Ireland and Forfás. The authors of the report are Paula Fitzsimons of Fitzsimons Consulting, who is the National GEM Co-ordinator, and Dr Colm O’Gorman, Professor of Entrepreneurship, DCU Business School.

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4
Jul 13

Libya opens doors to Irish sheep.

Ireland hopes to begin sheepmeat shipments to Libya;By Alyson MageeFollowing the Republic of Ireland’s successful reintroduction of cattle shipments to Libya earlier this year, the renewed trade link is expected to open up to its first sheep shipment this week.

Ireland hopes to begin sheepmeat shipments to Libya

Irish mart prices have strengthened on the back of strong demand for live exports, including the Libyan deal, which is expected to number 4,000-5,000 lambs. A veterinary health certificate approving the deal was issued just over a week ago.

Trade and prices were livelier at the end of last week, due to the strong live trade, according to the Irish Farmers’ Association (IFA) weekly lamb price update, with factories paying €5.50/kg up to 21.5kg.

IFA National Sheep Committee chairman James Murphy said Ramadan on 9 July should introduce much-needed competition into the trade at this critical time. Lamb prices stabilised in the last half of June on the back of tight supplies and strong market returns, but had been pushed down by factory price pressure earlier in the month.

Murphy said the IFA was working hard and making good progress on the expansion of the live export trade for Irish lambs, with Irish exporters the main players on the export markets at this time of year.

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1
May 13

New Glanbia facility to create 76 direct jobs

Minister for the Environment, Community & Local Government, Phil HoganTD, Jim Bergin, CEO, Glanbia Ingredients Ireland Limited (GIIL) with An Taoiseach Enda Kenny and Liam Herlihy, chairman, GlanbiaGlanbia Ingredients Ireland Ltd (GIIL) said today that it is developing a new dairy facility in Belview on the Kilkenny/Waterford border that will create 76 direct and 1,600 indirect jobs and contribute around €400m each year to the economy.

The Department of Jobs, Enterprise and Innovation is part-funding the facility’s development through Enterprise Ireland.
GIIL processes 1.6 billion litres of milk or 30pc of Ireland’s milk pool into a range of dairy ingredients for export to more than 50 countries.  All produce from the new facility will be for export markets.

Construction is set to begin on 17 May and the new facility is expected to begin production in spring 2015.

The company said the facility will have a significant impact on the income of farm families, boosting the rural economy and the local industries that will service on-farm expansion.

Glanbia Ingredients Ireland Ltd is the joint venture between Glanbia plc and Glanbia Co-Op that was created last year.

“The Belview facility is a significant, strategic development for our business,” said GIIL CEO, Jim Bergin. “Most of all it reflects our confidence in, and commitment to our 4,300 milk suppliers. By providing this additional processing capacity we will be facilitating milk suppliers in their ambition to avail of the opportunity presented by quota abolition post 2015.

“We are very pleased that through Enterprise Ireland, the Government is acknowledging the economic contribution of the Belview project. It will contribute €400m per annum to the local economies of 16 surrounding counties and demonstrates a real long-term commitment to farm families and the rural economy.

“The Belview plant will be entirely focused on export markets and will supply a range of nutritional powders to an increasing number of regions including the Middle East, Africa, Central America and Asia.”

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1
Apr 13

Enterprise Ireland sets sights on new Saudi opportunities

ANN_P13_30032013_ED1-1.jpgThe government of Ireland is very committed to continuing the development of its trade links with Saudi Arabia.

In this context, “our Ambassador Niall Holohan in Riyadh recently arranged the appointment of a new Irish honorary consul in Jeddah and plans to look to other cities in the Kingdom to appoint more honorary consuls,” says Sean Davis, regional manager of the Dubai-based Enterprise Ireland for the Middle East and North Africa. “The GCC countries are not only incredibly important markets for Ireland, they are also geographically significant and are representative of the other fast growing global markets elsewhere in Asia,” he told Khalil Hanware of Arab News in an exclusive interview.
“In our work with our indigenous Irish companies, we continue to highlight the opportunities in Saudi Arabia, but this is a two-way street,” says Davis, who has been managing a team based in Riyadh and Dubai since February 2012.
Prior to taking up the post in the UAE, he spent 16 years in the US, the last 4 years managing the Enterprise Ireland Cleantech, Industrial & Life Sciences team.
He spent 10 years in Ireland with the Irish retail chain Superquinn, assuming a variety or management roles before relocating to the US in 1996. He holds a diploma in management and marketing and has an honors degree in Business Studies.

The following are excerpts from the interview:

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29
Jul 12

Ireland prepares first cattle exports in 16 years

Ireland is preparing to export live cattle to Libya in the coming weeks, for the first time in 16 years.

The first batches of cows will travel overland in trucks. However, the Irish Department of Agriculture is assessing at least one specialised walk on-walk off livestock vessel to cut future transport costs.

This is the first time in 16 years that Ireland has exported cattle to Libya. In the early 1990s  large numbers of livestock were exported from Ireland, peaking in 1995 at 81,420 cows, valued at €70 million. Trade ceased in 1996 when, following an outbreak of BSE, or mad cow disease, Libya banned all cattle imports from Europe.

There remains, however, some controversy regarding the age of the grass-fed dairy-cross steers. In the past, livestock have been fattened up in Ireland for the first 30 months of their lives but now cattle will be exported when still less than 24 months old. This is in keeping with new standards set by Libya for imports of cattle from South America and Australia, where all recent imports have consistently been under 24 months of age.

The Libyan beef market offers European countries valuable export opportunities, especially Ireland, which has a €2 billion livestock sector. Irish beef faces competitors, however, as France, Spain and Italy are already shipping cows to Libya.

Libya and Ireland had been trading in cattle since the 1960s. During the European fuel crisis of 1973-4, Ireland exchanged cattle for Libyan oil.

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22
Jul 12

Trade mission success for local entrepreneurs

• Colm Piercy, CEO of the Blanchardstown based Digiweb Group, took part in the Ernst & Young trade mission

SIX Dublin-based entrepreneurs have returned from a hugely successful trade mission to the west coast of the United States where they engaged with some of the world’s foremost business leaders, renowned academics and investors.

The six biz-whizzes included representatives from Northside enterprises including Colm Piercy, CEO of the Blanchardstown based Digiweb Group and David Field and John Tuohy from Nightline, who operate from Jamestown Road, Finglas.

They were part of a 120-strong group of entrepreneurs from across Ireland that participated in the prestigious trip to Silicon Valley, home to many of the world’s largest technology corporations.

The entrepreneurs were all local finalists in the 2012 Ernst & Young Entrepreneur Of The Year Programme.

The mission included a comprehensive itinerary that not only built upon the success of previous trips but far-exceeded the high expectations of all participants.

Delegates attended interactive presentations from legal powerhouse, Wilson Sonsini Goodrich & Rosati  – the foremost legal advisor to technology, life sciences, and other growth enterprises worldwide – and took part in inspiring workshops with US based Irish entrepreneurs including Niall O’Connor, Chief Information Officer at Apple Inc.

Frank O’Keeffe, Ernst & Young Partner-in-charge of the Entrepreneur Of The Year Programme said trade missions were vital to the continued recovery and resurgence of Ireland’s economy.

“By engaging with some of the world’s most prolific and enlightened academics, investors and innovators, the Irish delegates have not only embraced the opportunity to expand upon their international networks but have gained a unique insight to the ambition, determination and energy that permeates the hugely successful entrepreneurial culture of Silicon Valley and has been the driving force behind global brands such as Facebook, Google and Apple,” he explained.

David Field of Nightline said he was greatly impressed and enthused by his visit to the home of high-tech innovation.

“This trip has provided us with a unique insight to the vast opportunities that exist for Irish businesses across North America and has allowed us to learn from our fellow entrepreneurs who are also operating within the global market place, competing for business and bringing investment back to Ireland,” he said.

“Not only have we forged an unrivalled network of international contacts that will allow us to build upon our own winning-strategies as we develop and expand our respective businesses but all of the delegates agreed that the real and lasting friendships made throughout this incredible week will remain with us long into the future.”

The Ernst & Young Entrepreneur Of The Year Programme is supported by The Irish Times, RTE, Newstalk, Enterprise Ireland, Invest Northern Ireland and Intertrade Ireland.

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16
Jul 12

Shay Murtagh Precast creates 41 jobs to drive exports

Shay Murtagh Precast creates 41 jobs to drive exports

Irish concrete products manufacturer Shay Murtagh Precast has created 41 new jobs to support its export-led growth — exports account for more than 75pc of the company’s total sales.

It is investing around €3m in state-of-the-art technology for the production of precast tunnel segments, supported by Enterprise Ireland.

Established in 1981, Shay Murtagh Precast is a second-generation family business and one of Ireland’s main pre-cast concrete production companies.

“The tunnel infrastructure sector has been a key area of focus for our company over the last number of years and we are in a position today where we have not only created 41 new jobs, but more importantly secured the jobs of our existing 75 employees,” said Ciaran Murtagh, managing director of Shay Murtagh Precast.

“We have invested a lot of energy in a strategic and focused expansion into the UK infrastructure market. This solid expansion plan has provided our company with a platform for the future and we look forward to continued support from Enterprise Ireland in our ongoing pursuit of new and exciting opportunities.”

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14
Jul 12

Exports rise 7pc to €7.52bn in May

Irish exports rose 7pc in MayIRELAND’S exports rose 7pc to €7.52bn in May.

In the same period imports increased by 15pc, to €4.1bn, according to figures from Central Statistics Office today.

Ireland’s trade surplus – what Ireland exported over what it imported – remained largely unchanged at €3.4 billion in May. Both exports and imports rose.

Chemicals products accounted for €4.545bn, or 60pc, of the total exports in May.

Medical and pharmaceutical products increased by €99m -5pc – and organic chemicals increased by 9pc, or €113m, when compared with May last year.

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