Exporting

The three Irish siblings behind tech start-up Trakax got to ring the Nasdaq stock market opening bell in New York’s Time Square yesterday, 24 March. Catriona, Cormac and Colm Barry are among the team involved in running the video editing platform and won this honour as part of the Start-Up Village Pitch Competition sponsored by Nasdaq and Enterprise Ireland Pitching at SXSW in Austin. Having started off in the basement of their parents’ home in Rathmines, Dublin, Trakax has reached a point where the former president and CEO of Samsung Telecommunications America Dale Sohn have joined its executive leadership team and board. Sohn was president and CEO of Samsung Telecommunications…

Doing business in Australia: key insights and overviewThe parliament building in Canberra The economic relationship between Ireland and Australia is stronger now than at any time in our respective nations’ histories, delivering two-way trade of more than AUD$2.8bn a year, according to Paul Burfield, director Australia/New Zealand at Enterprise Ireland. Australia recently recorded its 23rd consecutive year of economic growth, largely thanks to its abundance of agricultural and mineral resources. Its attractiveness as an investment destination is based on this long-standing economic resilience, sound regulatory framework for business and stable political system, notes Burfield. “The Australian region has recorded remarkable and prolonged growth in exports by Enterprise Ireland client companies…

Openet creating 45 highly skilled jobs to meet global customer needsPictured: Joe Hogan and Niall Norton Irish technology company Openet said today that it is creating 45 new highly skilled jobs, 30 of which will be based at its global headquarters in Dublin. with the other 15 at its Asian hub in Kuala Lumpur. The roles include a number of graduate positions as well as senior technical and engineering positions. Openet provides software for global mobile phone and cable customers, designed to improve profitability by commercialising network activity. Its customers include AT&T, Sprint, Verizon, Bell and Vodafone. The expansion is being supported by Enterprise Ireland. “We are delighted to be in…

 Julie Sinnamon, Enterprise Ireland The coming year will see continued growth in export markets, writes Enterprise Ireland CEO Julie Sinnamon. During the closing months of 2014, barely a week went by without a significant new jobs announcement being made by an Irish company. These jobs are being created right across the board, from young, ambitious, innovative start-ups to developed companies with strong brands and Irish MNCs that already have a well-established foothold in international markets. Irish companies are really on the move, and the one thing they all have in common is that this growth and job creation are built on the back of very strong growth in key export…

Carbery Group’s flagship cheese brand Dubliner continues to grow in export markets, particularly in the US, according to its 2011 results statement, out today. Based in Co Cork, Carbery has been making cheeses for nearly 40 years. The temperate environment of this area ensures a long grass-growing season to produce high-quality milk. Carbery invests heavily in product development and manufacturing technology. It now produces over 20 market-leading cheeses for retail, food manufacturers/industrial applications, and the food service sector. In addition to Dubliner, it supplies a variety of own-label cheeses. Revenues for the overall group went up by 14.5pc to €256.5m, and profit before tax (PBT) increased by 27.8pc to €8.7m.…

SuperValu is to become the first retailer in Ireland to use the world’s first national DNA database for pigs, which will allow it to provide a guarantee to consumers that all of its bacon is Irish. Recognising potential weaknesses in paper based traceability systems discovered after the pigmeat dioxin crisis, the Irish Farmers Association (IFA) partnered with IdentiGen in Ireland to build the DNA TraceBack system for boars. All Irish breeding boars are DNA tagged, which is then used to generate a DNA-ID, a unique code which identifies the animal, its offspring and subsequently all produce from these animals. The programme now forms part of the Bord Bia quality assurance programme , and both Bord…

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 agreement…

Glanbia 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.…

Irish exports to Canada could double from to an estimated €2.4bn under a new trade agreement signed late last year between the EU and Canada, a seminar heard today.