EU-Asia free trade agreements – the current state of play

EU-Asia free trade agreements

EU-Asia free trade agreements – the current state of play Minister for Jobs, Enterprise and Innovation Richard Bruton TD outlines the current state of play regarding free trade agreements between the EU and Asia and what this means for Ireland. IT is widely expected that by next year over 90pc of future global economic growth will take place outside Europe. Much of this will be propelled by dynamic economies in Asia. In that region China alone could account for a third of this economic expansion. China is often seen as the regional powerhouse because of its size, economic growth and its potential as economic transformation continues apace. And we have worked hard…

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CarTrawler to Acquire Finnish Tech Firm Cabforce

Dublin headquartered travel-technology platform CarTrawler is acquiring Finnish technology and services company Cabforce, which is a provider of taxi booking solutions, for an undisclosed amount. With a unified service at over 200 locations in 54 countries Cabforce is “the industry benchmark”, powering millions of business trips each year, according to CarTrawler. “CarTrawler already has the most comprehensive range of car rental available online,” said CarTrawler CEO Mike McGearty. “Now with the addition of Cabforce content and specialist expertise to our existing portfolio of ground transportation products, we will significantly enhance the level of service, product range and availability for customers.” “This acquisition will strengthen CarTrawler as a world leading ground…

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New initiative launched to support budding food entrepreneurs

Food entrepreneurs and those who feel they could create and run a successful export-orientated food business will be interested in ‘Food Works’, a new comprehensive training and development programme launched today. Bord Bia , Enterprise Ireland and Teagasc have combined resources to design an in-depth process aimed at finding and fostering global food entrepreneurs. Successful participants will be given a range of practical business supports required to develop an initial concept into a winning food product with international appeal. The available supports will include consumer market research, business plan development, technical advice, commercial viability testing in addition to access to incubation units, research and development (R&D) facilities and possible investors. Speaking at…

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Irish food and drinks industry praised for ISO standards

Irish alcohol market in decline

Irish alcohol market in decline — report Certification Europe has praised the Irish food and drinks industry for embracing ISO standards which promote safe, environmentally-friendly food production. The theme for this year’s World Accreditation Day (9 June) is the role that accreditation plays in supporting the provision of safe food and clean drinking water. “The largest costs related to the food and drinks sector are production and energy costs, which means companies are continually researching environmental and energy efficiency cost saving methods,” said Michael Brophy, CEO of Certification Europe. “Initiating ISO certification in these areas offers numerous sustainable environmental benefits for an organisation such as reduced water usage, increased energy…

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Grafton Group plc completes acquisition of TG Lynes in North London

Grafton Group

Grafton Group plc completes acquisition of TG Lynes in North London Grafton Group plc said today that it has completed the acquisition of TG Lynes Ltd, a distributor of mechanical engineering products serving London and the south east region in the UK. The terms of the deal have not been disclosed. The company trades from a purpose built distribution facility in Enfield, North London. The products are used in commercial and public sector buildings, apartments and industrial processes. Grafton Group said the acquisition greatly enhances its coverage of this segment of the merchanting market and is a significant step forward that complements development of the Plumbase Industrial business.  Plumbase Industrial…

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Record exports achieved by EI companies in 2011

Record exports achieved by EI companies in 2011 Frank Ryan, Enterprise Ireland chief executive

Record exports achieved by EI companies in 2011Frank Ryan, Enterprise Ireland chief executive Exports reported by Enterprise Ireland client companies, at €15.2bn for 2011, exceed the pre-recession record levels of 2008, according to the agency’s annual report published today. The report also shows employment levels in Enterprise Ireland client companies stabilised in 2011 with full-time employment in client companies at 141,228 – a similar number to 2010. “The performance of Ireland’s exporting sector in overseas markets in 2011 was remarkable in any context, but particularly against the backdrop of a global economic slowdown,” said Frank Ryan, CEO of Enterprise Ireland. “The impact of this on the Irish economy is enormous. …

Read More recognised for export focus after 18 months

Only 18 months since the site went live, won the gold prize for Export Startup of the Year at the Vodafone Startup Awards recently. It also won silver in the Digital/Online and Women in Business categories. Started by brother and sister team Simon and Sonya Fitzpatrick, the site connects buyers and suppliers of new and used spare parts around the world . It focuses on the spare parts industry for the construction, agricultural and commercial truck sectors and is 90pc export-driven.The Fitzpatricks came up with the concept having learned from the 40 years’ experience of the construction industry through their family business Fitzpatrick Plant Sales (Fitzplant). “By saving buyers time and money with their free service is becoming an invaluable resource to anyone who requires parts for excavators, bulldozers, tractors, dump trucks, wheel…

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More than €25m in new business announced in first three days of Gulf trade mission

Nine Irish companies have announced new contracts and business developments worth more than €25m during the first three days of this week’s trade mission to the Gulf. The Enterprise Ireland mission, which concludes tomorrow, is being led by Taoiseach Enda Kenny and Minister for Jobs, Enterprise and Innovation, Richard Bruton. The contracts were secured on the Saudi Arabia and Qatar legs of the five-day mission, which now moves on to the United Arab Emirates for the final two days. The new deals announced include Jones Engineering contract worth more than €15m with a major multinational fast-moving consumer goods brand and Escher Group’s deal with Saudi Post to extend their licence…

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