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Microsoft tops export table


MICROSOFT was the biggest exporter from Ireland last year, as the information technology sector continues to dominate trade in Ireland.

According to the Irish Exporters Association’s (IEA) annual Top 250 survey, Microsoft was comfortably the busiest firm in Ireland during 2012, sending goods and services worth €13.7bn overseas during the year.

That was €1bn more than Google, who exported €12.5bn worth over the same period.

IT companies dominate the list, making up five of the top 10, and nine of the top 20 firms overall.

Microsoft’s trade levels increased 37pc in the past year, driven in part by the rollout of the company’s Windows 8 operating system and its increase in software and consulting services.

Dell, which still has a PC manufacturing business but is morphing into more of a consulting business, was fourth.

The computing giant, which is at the centre of a takeover battle, exported some €9.9bn worth of goods and services.

Outside of IT, pharmaceuticals and life sciences are by far the second biggest sector doing business overseas in Ireland.

The US firm Johnson & Johnson is the third biggest trader in Ireland, with exports worth €10.5bn leaving the country every year. Seven of the top 20 fall into that category.

The list is dominated by foreign multinationals, with few indigenous firms featuring high up. There are some exceptions, however.

Packaging firm Smurfit Kappa Group, which is based here but has operations around the world, is the biggest native-Irish exporter. It sells goods and services worth €7.4bn a year – good enough for fifth overall. Kerry Group is eighth with exports worth €5.7bn a year, but that is more than double Glanbia, which is the third biggest exporting Irish firm in 17th place.

IEA chief executive John Whelan pointed to the continued growth in the IT sector in Ireland, and warned that Ireland was failing to fill all the vacancies being created by the sector.

“Total IT exports grew 12pc in the past year, maintaining Ireland’s place as the second-largest exporter of computer and IT services in the world,” he said.

“The continuing rapid growth in the sector, which now employs 75,000 people in 8,000 companies, will require an increase in the availability of software developers and engineers.

“Recruitment demand is currently for computing and electronic engineers and the expansion and replacement demand for these skills is estimated at 2,500 per year.

Minimum

“Co-ordinated, sustained actions by the third-level institutions will be required to ensure a doubling of the output of graduates, which is the minimum to ensure that recruitment difficulties do not become the bottleneck to restrict export and FDI growth in the sector over the coming years,” he added.

Exports from the pharmaceuticals sectors jumped 42pc between 2006 and 2011, but slipped back 2.5pc last year, partially due to the patent cliff.

The IEA, however, warned we had yet to experience the full effect of the patent cliff, and the drop was likely to continue into 2013 and beyond.

Investec’s Aisling Dodgson, who helped compile the report, said recent growth in the amount of exports from indigenous companies had been boosted by the weak euro vis-a-vis sterling and the US dollar.

via Microsoft tops export table – Independent.ie.

New €150m Glanbia plant to create 2,000 jobs!!!


New €150m Glanbia plant to create 2,000 jobs

A new milk processing plant could give a huge boost to the south-east of the country creating over 2,000 jobs in spin-off industries.

And now the rub

the plant will only employ 76 people when it opens in two years’ time,

And now a bit of pure speculation

both the Government and the company claim it could spur about 1,000 extra farm jobs and another 600 local jobs as a knock-on effect of its construction.

There will also be 450 construction roles as the factory is built.

Glanbia said the plant will contribute around €400m a year to the local economy.

And now a bit of PR nonsense 

Taoiseach Enda Kenny said the plan was a “massive vote of confidence in Ireland and our agri-food sector”.

Agriculture Minister Simon Coveney hailed the news as “the biggest jobs announcement” of the year.

He also rejected concerns that the mooted 1,600 jobs may not end up being created.

“Anyone who questions that does not understand the agriculture sector. These numbers are based on reliable economic models and they are conservative figures. Now I just begin to wonder how much the minister really knows about agriculture. By bet is he is far more familiar with the word spin …

“These are real, Irish jobs. They cannot be moved overseas,” he claimed…. but they might well be invisible

Enterprise Minister Richard Bruton claimed the announcement was of “major strategic significance”.

Glanbia is building the plant to deal with a huge increase in the amount of milk its suppliers will produce when EU caps on milk production are removed in 2015.

Almost all of the milk  will be exported to Asia, Africa and South America. Most of it will be sold as dry milk powder which can be used for infant milk formula, cheese and nutritional products.

What we are not told

No figures seem to emerge from this PR splurge as to how much Glanbia received in grants

After construction my bet is we will be lucky to see 200 jobs in total

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