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This report is published by the Irish Exporters Association.For further information and queries, you can contact us on:

Phone Number:

00353 (0)1 661 2182Fax Number:

00353 (0)1 661 2315

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www.irishexporters.ie

TOP 250 EXPORTERS 2015 Data provided by

AN ANALYSIS OF THE LEADING EXPORTERS BY TURNOVER ON THE ISLAND OF IRELAND

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Introduction: Simon McKeever, Chief Executive, Irish Exporters Association 3

Foreword: Aisling Dodgson, Head of Treasury, Investec 5

Methodology: James Treacy, Managing Director, StubbsGazette 6

Overseas companies play huge role in export: Martin Shanahan, CEO, IDA Ireland 7

Driving Enterprise, Delivering Jobs: Julie Sinnamon, CEO, Enterprise Ireland 9

Food and drink exports continuing to grow: Aidan Cotter, CEO, Bord Bia 11

SECTION ONE: Top 250 listing, James Treacy, Managing Director, StubbsGazette 13 Profiles of the Top 20 companies SECTION TWO: Analysis of food and drink sector: Ian Hunter, Equity Analyst, Investec 39

SECTION THREE: Analysis of pharma (life sciences) sector: Ian Hunter, Equity Analyst, Investec 41

SECTION FOUR: Analysis of IFSC Sector: John Cronin, Research Analyst, Investec 44 The IFSC Top 50 companies Profiles of the Top 10 IFSC companies

SECTION FIVE: Investec Review 52 Private Equity Interest in Ireland: Alan Mahon, Director of Investec Corporate Finance Low Interest Rates and a Cashless Society?: Paul Callan, Investec Wealth & Investment Oil Price Update: Alan Harrison, Investec Corporate Institutional Treasury NB. Keep one eye on the equity markets: Justin Doyle, Treasury, Investec

SECTION SIX: Top 50 in NI 62 Profiles of top ten NI exporters

APPENDICES: Philip Ahearne, Treasury Products & Distribution, Investec 68 Top 250 companies in alphabetical order 71

TABLE OF CONTENTS

TOP 250 EXPORTERS

@irishexporters @investec

Irish Exporters Association Group Investec (Ireland)

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This report is published by the Irish Exporters Association.

For further information and queries, you can contact us on:Phone: 00353 (0)1 661 2182Website: www.irishexporters.ie

At the Irish Exporters Association we have a dedicated team looking after all our members.

Send us your query, comment or suggestion and we will be happy to assist you:

MEMBERSHIP SERVICESCaoimhe DelanyMembership Development ManagerEmail: [email protected]: 00353 (0)1 662 9069

DISCLAIMERThe material and information contained in this publication is provided for general information purposes only and does not constitute legal or other professional advice. While every care has been taken in the preparation of the material and information in this publication, readers are advised to seek specific legal advice in relation to any decision or course of action.

This publication is provided without any representations, warranties or undertakings of any kind, either express or implied, in relation to the information, material or content in this publication, or in any other publication or website referred to or otherwise in this publication.

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All rights reserved except for the quotation of short passages for the purpose of criticism and review, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the permission of the Irish Exporters Association.

TOP 250 EXPORTERS

CONSULAR SERVICES Niamh DevlinVisa & LegislationEmail: [email protected]: 00353 (0)1 642 4177

INTRODUCTION

The Top 250 publication is an important reference document for all exporters and an essential resource for sub-suppliers and service providers within the exporting sector.

ABOUT THE TOP 250 PUBLICATIONThis publication is a listing of the leading exporters on the island of Ireland. It outlines Ireland’s top exporting companies, identifies and reviews the leading exporters from Ireland including an analysis of the top 50 Northern Ireland Exporters and top 50 IFSC companies. Key sectors of the export industry are reviewed, with input from private sector as well as the state promotional agencies.

This year’s analysis reveals an increasing number of ICT companies in the listing, with a number of well-known global enterprises appearing for the first time, reinforcing Ireland’s position as a key location for this sector. The strong showing of Irelands top food and drink companies underline their importance to and impact of the Irish economy.

WORKING WITH OUR PARTNER - INVESTECThe Irish Exporters Association recognises the comprehensive analysis provided by Investec, sponsor of this publication. We have included reviews for the following sectors:

→ Food & Drink, Pharma (Life Sciences) and the IFSC.

In response to the growing concerns of our members, Investec have provided a number of independent reviews on issues that are of vital importance to Ireland’s export sector: Private Equity in Ireland, the impact of low interest rates, and the prospect of a cashless society, an update on the price of oil, and a review of the foreign exchange and equity markets. The prospect of a cashless society, an update on the price of oil, and a review of the equity markets.

We would like to thank Investec for their valuable support and analysis, in particular, Philip Ahearne, Treasury Products & Distribution, who has been a major driver in producing this report along with his colleagues Aisling Dodgson, Head of Treasury; Ian Hunter, Equity Analyst; John Cronin, Research Analyst; Alan Mahon, Director of Investec Corporate Finance; Paul Callan, Investec Wealth & Investment; Alan Harrison, Investec Corporate Institutional Treasury and Justin Doyle, Treasury.

Welcome to the 2015 edition of the Top 250 Exporters publication

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We are grateful to Julie Sinnamon, CEO of Enterprise Ireland; Martin Shanahan, CEO of IDA Ireland; and Aidan Cotter, CEO of Bord Bia for their commentaries.

We would like to thank James Treacy, Managing Director, StubbsGazette for providing the primary data for this publication.

We welcome any feedback and hope you find this publication a useful resource.

Simon Keever Chief Executive, Irish Exporters Association

FOREWORDINTRODUCTION

TOP 250 EXPORTERSTOP 250 EXPORTERS

‘This year’s analysis reveals an increasing number of ICT companies in the listing, with a number of well-known global enterprises appearing for the first time, reinforcing Ireland’s position as a key location for this sector.’

This is Investec’s fifth year partnering with the Irish Exporters Association (the IEA) in the publication of the Top 250 Exporters Report. I would like to congratulate Simon and his team at the IEA on the fantastic support they provide to Irish companies involved in the export sector and in particular for their involvement with Investec in this report and the events we have worked on together in the last year.

As Ireland’s Specialist bank, Investec congratulates the companies identified as the leading exporters by turnover on the Island of Ireland.

In the last 18 months the US dollar has appreciated 25% and Sterling has appreciated 17% against the Euro. It is clear that favourable foreign currency moves are a big tailwind for Irish exporters. Some 21% of merchandise and 9% of services exports go to the USA, while 15% of merchandise and 18% of services exports go to the UK. All in all, buoyed by the FDI wins of recent years, positive currency moves and underlying economic improvements across many of Ireland’s key trading partners, 2015 will go down as a vintage year for Irish exports.

We at Investec Ireland are proud to play our part in supporting this growth through the provision of Treasury services to an ever expanding Irish client base. Through our global network, we at Investec have supported the successful international expansion of numerous Irish companies and provided them with dedicated support and expertise in growing, advising and internationalizing their businesses. We look forward to working with the Top 250 Companies and all ambitious businesses in Ireland.

Aisling Dodgson Head of Treasury, Investec Ireland

‘...We at Investec have supported the successful international expansion of numerous Irish companies...’

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CEO of StubbsGazette James Treacy has compiled the data for the Top 250 exporting companies in the Republic of Ireland, Top 50 companies in Northern Ireland and Top 50 IFSC companies using the latest accounts filed. StubbsGazette compile the data for the Top 250 from numerous different sources including the primary source which is the audited accounts of each company. In many cases the turnover figure is 100% export sales but in others we verify export sales with the company itself and validate against their accounts and other sources such as the CSO. Some corporations have a number of operations in Ireland and file separate accounts for each one. In these cases we amalgamate all operations under one entry. (an example is Johnson & Johnson in Ireland which owns Janssen Pharmaceuticals, Depuy and Vistakon)

StubbsGazette has been around since 1828. The 21st century StubbsGazette is a vastly expanded operation and a market leader in business information, credit referencing and debt collection in Ireland and chosen international markets.

It supports a range of clients, from SMEs, financial institutions, county councils and major multinationals in the credit management cycle. Credit management is an ongoing process that requires constant attention and the integration of three critical interlocking activities – risk analysis, credit management and debt recovery, according to StubbsGazette. The company has invested heavily to place itself at the forefront of credit related software developments for an extensive client base that includes many household names.

For example, its S-CAS is an advanced software application that supports each stage of the credit management lifecycle, with monitoring and controlling of the full complete database of credit applicants, customers and bad debtors within a single system. We are also investing heavily in re-engineering our credit scoring algorithms to take stock of new technologies and exploring new informational areas that allow us to make more nuanced and timely credit decisions.

James Treacy CEO, StubbsGazette

‘The 21st century StubbsGazette is a vastly expanded operation and a market leader ...’

METHODOLOGY


FOREIGN DIRECTINVESTMENT

Overseas companies play huge role in export

Ireland is one of the most open economies in the world and while this sometimes brings challenges, for individual companies it mostly brings opportunities. As an outward-looking economy, Ireland has put in a place an infrastructure that supports trade and exporting. From Government policy to individual company strategies, Ireland is and will continue to be a place that embraces trading with the outside world.

The emphasis in Ireland is to allow companies avail of the opportunities that are out there, whether it is exporting to traditional markets like the UK and US, or exporting to economic regions further afield, like Asia. Exporting and trading is in the very DNA of Irish business, and arguably in the DNA of Irish people.

Thankfully Ireland’s trade and export performance is not reliant on one source alone- both indigenous and overseas-owned companies export successfully from Ireland and this gives a broad base to Ireland’s export performance. In the dark days of the financial crash, Ireland’s export performance was nothing short of remarkable. As is often pointed out, if Ireland’s export sector had stalled during those years the recession would have been even more severe than it was.

Overseas companies, who are IDA client companies, played a large part in this astonishing performance. For example, between 2009 to 2013, exports by IDA client companies increased by 23% (or €24bn), leaving total exports at €124.5bn, far exceeding the pre-crisis level of €109bn. Effectively the only source of growth in the economy in these dark years, particularly 2010 and 2011, was the exporting sector. But more crucially exports continue to underpin the Irish economy.

So what drives this performance and why Ireland for exporting?

It has been a cornerstone of IDA policy for many decades that companies come to Ireland in the main, not because of the internal market here, but to internationalise and globalise, particularly in a European context. Ireland, due to a complex blend of geographical, economic, political, business and indeed cultural factors, is the ideal place to undertake this process of internationalisation and this message continues to resonate with major corporates.

I am proud to say that IDA is working to ensure that the linkages between some of the world’s biggest exporting companies and Ireland deepen even further in the years ahead.

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For example IDA’s new five year strategy (Winning: Foreign Direct Investment 2015-2019) commits the organisation to a 41% increase in investments and sees the number of overseas companies coming to Ireland rising by 13% to 1,350. Many of these, if not all, will be coming to export to export goods and services to other markets, across a range of sectors. This is the essence of what IDA client companies do - they serve global markets, with 96% of sales destined for export markets.

Our main exporters are in high value sectors such as Lifesciences, Technology, Business Services and Financial Services. The main driver of growth since 2009 has been the broad Technology sector. This comprises key subsectors including software, communications, electronics manufacturing, microelectronics/semiconductors and IT services.

This is not surprising given the global explosion of service activities enabled by rapid technological developments in recent years. Gains in Ireland’s competitiveness has also allowed IDA to win job intensive projects in the digital services sector, which expanded in Ireland throughout the recession. The technology sector is likely to remain strong as new business models emerge from disruptive technology developments and technology becomes more and more fundamental to how we live our lives. The Lifesciences sector has also provided significant export growth despite the well-known issues around the patent cliff. Exports in IDA’s Biopharma client base hit a peak €44.6bn in 2011 and dropped back to €39bn by 2013. There have been significant positive developments since then with Ireland winning considerable new generation biologics investment post 2012.

Ireland has made significant gains in competitiveness over the past numbers of years for example we moved from 25th to 16th on the IMD. Competitiveness rankings, with progress being made in areas such as the environment for start-ups, regulation, and access to credit. This improving competitiveness is contributing to increased exports in our client companies and associated increases in employment.

Our competitiveness performance has also been helped by a number of positive international factors including the weakness of the Euro against the dollar and sterling, and low energy prices. While clearly global trends will always have the primary impact on export/trade volumes, I am confident that Ireland is doing everything it can to ensure the stellar performance of recent years will continue. IDA is also very proud to be making its own contribution in that context by setting the ambitious targets mentioned above, and I envisage our client companies will be among the biggest and most successful exporters from Ireland in the years ahead.

Martin Shanahan Chief Executive Officer, IDA Ireland

FOREIGN DIRECTINVESTMENT


INDIGENOUSEXPORTERS

Last year was a year of records for Enterprise Ireland.

In 2014, exports by Enterprise Ireland assisted companies exceeded €18.6bn, a record figure and an increase of 10% on 2013 results. Greatest wins came from the Software sector with exports up by 19%, followed by the Construction and Life Sciences manufacturing sectors.

Demand for Irish exports showed greatest growth in the Latin America and Asia Pacific regions – up 42% and 25% respectively – while demand for Irish goods and services in the UK grew by 9% to a record of €6.8bn. It is especially encouraging to see significant gains in established markets like the UK and North America and the high growth economies of Asia Pacific and Latin America.

The record exports of €18.6bn achieved in 2014 by Enterprise Ireland client companies is reflected in last year’s record jobs performance when our clients reported the highest net job gains in the history of the agency (8,476 jobs), and further validate Enterprise Ireland’s investment in indigenous industry. For the second year in a row, the Internationally Traded Services & Software Sector recorded the strongest net jobs growth (+2,092 jobs) with companies like CarTrawler and Voxpro creating 750 new jobs in Dublin and Cork.

Enterprise Ireland is very proud of the companies with which we work. Their export success is a testament to their leading products and to the ambitious and capable founders whose innovation, hard-work and determination has led them to achieve strong positions in global markets.

The Food Sector is our largest export sector and its success is echoed in the significant food-industry investment and new jobs announcements during 2014 in several regions – €117m investment at Dairygold creating 115 new jobs in Cork; €30m investment at Green Isle Foods resulting in another 115 jobs in Longford and Portumna, Galway; €26m investment at Danone in Wexford and the creation of 50 new jobs.

Enterprise Ireland worked closely with the Construction Industry to support the internationalisation of the sector. There were a number of very successful outcomes including a new range of easy-to-transport flat-pack garden furniture, a new range of sports therapy products to increase the rate of recovery from injury/surgery in the equine sector, a new type of lightweight counter top for use in touring caravans, a range of

Driving Enterprise, Delivering Jobs

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INDIGENOUSEXPORTERS

high-tech mattresses and a suite of shower and bath screens. These, and other Enterprise Ireland supported investments in design and product development, enabled clients to win, sustain and grow sales in international markets against strong competition.

Going forward, into the second year of our strategy, the key priority is to build more Irish companies of scale: fast-growing companies create more jobs. We are backing founders with capability and ambition to scale their businesses from the outset. Our plan is to fast-track more Irish companies through growth milestones and to get behind business-owners, who have big ambitions to scale in international markets.

Against a very challenging background, Enterprise Ireland clients have successfully grown export sales to record levels, and we confidently expect this upward trajectory to continue during 2015/2016. Our network of 33 international offices around the globe is critical to supporting Irish companies extend their sales operations and success into new export markets.

Julie Sinnamon CEO, Enterprise Ireland

‘Our plan is to fast-track more Irish companies through growth milestones and to get behind business-owners, who have big ambitions to scale in international markets.’


FOOD AND DRINK

The Irish food and drink sector recorded the fifth consecutive year of growth in exports during 2014 as increased output in key sectors and better returns for much of the year particularly for dairy, seafood and prepared foods boosted the value of trade.

In 2014 the value of exports at €10.5 billion was some 45% or €3.2 billion higher than 2009 levels.

The role played by the sector in the Irish economy is highlighted by the following key figures:

→ It accounts for 24% of all industry turnover and 26% of all manufacturing industry turnover.

→ It contributes 22% to all industry gross output and 24% of all manufacturing industry output.

→ It accounts for 13% of merchandise exports

→ It is responsible for 8.4% of total employment with 163,000 employed directly

The strongest performers were prepared foods, dairy, seafood, poultry, pigmeat and edible horticulture. Slower market demand and weaker prices negatively affected the value of beef exports despite a strong rise in volumes while beverages showed modest growth, led by whiskey.

The food and drinks industry displayed remarkable adroitness in a year when exports to one of our major markets Russia fell by more than 30% following the EU pigmeat, beef and dairy import restrictions. A rise of 45% in the value of trade to Asia led to a shift in the market distribution of food and drinks exports. Significant increases were also recorded in North America, The Middle East and Africa. This trend outpaced the growth recorded to European markets and led to a strong rise in the share of exports destined to international (non-EU) markets.

A sector with the drive and agility to overcome challenges

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Increased export volumes were available across a number of key categories. Milk deliveries were almost 5% higher while beef volumes jumped by almost 13% and pigmeat export volumes were almost 7% higher. The combined impact of higher output is estimated to be in the region of €500 million.

Consumer price inflation across the Eurozone was relatively static in 2014. Mixed trends were evident with Germany and the Netherlands showing modest inflation over the period while the UK, our largest export market, Ireland and to a lesser extent France showed some price deflation as the year progressed.

Global agricultural commodity prices as measured by the FAO Food Price Index showed a decline of 4% in 2014. The decline was driven largely by cereals, dairy, oils and sugar. Meat was the only category to report higher prices, with a rise of 8% recorded. The overall index remains 55% higher than the 2000-2012 average.

The Euro was stable relative to the US dollar in 2014 but weakened by 5% relative to sterling. In December 2014, the Euro was 10% weaker against the US dollar and 6% weaker with sterling. These developments helped to boost the competitiveness of Irish exports.

An emerging trend of Irish food and drink exports is the renewed importance of international markets which showed an increase of 15% to stand at around €3 billion accounting for almost 30% of all exports.

The future presents many challenges including the reduction in the global price of milk, fears about global economic growth and the continued trade suspensions imposed by Russia. However 2014 showed the resilience of the Irish food and drink sector in the face of new challenges and with long term trends for the main commodities remaining positive the targets set in Food Harvest 2020 are still within reach.

Aidan Cotter CEO, Bord Bía

FOOD AND DRINK


Company Name

€mExports

Employees Location Contact Webpage Line of Business

1 MICROSOFT IRELAND OPERATIONS LTD

18,221.37 1,200 Dublin 01 2953826 www.microsoft.com Software manufacturers & designers

2 GOOGLE IRELAND LTD 17,001.00 2,288 Dublin 01 4361000 www.google.ie Search Engine

3 MEDTRONIC IRELAND 16,700.00 92,500 Galway 091 708000 www.medtronic.com Medical Equipment Mfrs

4 JOHNSON & JOHNSON IN IRELAND

10,500.00 2,500 Dublin 01 6202300 www.janssen.ie Pharmaceutical preparations

5 INGERSOLL RAND PLC 9,824.54 42,437 Dublin 01 8707000 www.irco.com Diversified Industrial Company

6 ACTAVIS (WARNER CHILCOTT PLC & ALLERGAN PLC)

9,500.00 21,600 Dublin 01 8972000 www.wcrx.com Pharmaceuticals

7 DELL PRODUCTS 8,658.00 2,300 Limerick 061 486036 www.dell.ie PC manufacturers

8 SMURFIT KAPPA GROUP

7,957.00 40,830 Dublin 01 2027000 www.smurfit.com Packaging & Paper

9 ORACLE EMEA LTD 7,859.29 1,163 Dublin 01 8031000 www.oracle.com Pre-packaged software

10 PFIZER GLOBAL 7,000.00 4,000 Cork 021 4510200 www.pfizer.com Pharmaceutical preparations

11 APPLE IRELAND 6,000.00 4,000 Cork 021 4284000 www.apple.com PC & IPOD Manufacturers

12 INTEL IRELAND LTD 5,500.00 4,500 Leixlip 01 6067000 www.intel.ie Microchip manufacturers

13 KERRY GROUP PLC 5,200.00 23,767 Tralee 066 7182000 www.kerrygroup.com Food Ingredients

14 BOSTON SCIENTIFIC GROUP PLC

4,196.08 3,000 Galway 091 756300 www.bostonscientific.ie Surgical & medical instruments

15 KINGSTON TECHNOLOGY INTERNATIONAL LTD

3,652.21 198 Dublin 01 8128888 www.kingston.com Computing Memory Products

16 SANDISK INTERNATIONAL LTD

3,374.60 41 Dublin 01 8136073 www.sandisk.com/ Data Storage

17 PERRIGO CO PLC 3,362.69 10,060 Athlone (269) 686-3373 www.perrigo.com Pharmaceuticals

18 TOTAL PRODUCE PLC 3,000.00 3,811 Dundalk 353 42 9335451 www.totalproduce.com Fruit Producers

19 FACEBOOK IRELAND LIMITED

2,977.24 425 Dublin 353 1 5537279 www.facebook.com Social Networking

20 MSD IRELAND 2,500.00 2,000 Dublin 01 2998700 www.msd.ie Pharmaceuticals

The Top 20 Export Companies in the Republic of Ireland

SECTION 1: TOP 250 EXPORT COMPANIES IN IRELAND

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TOP 250 EXPORTERS TOP 250 EXPORTERS

1 MICROSOFT IRELAND OPERATIONS LTD

Microsoft Ireland Ltd has been operating in Ireland since 1985. It has increased its international mandate by encompassing four divisions at its campus in Sandyford, Dublin, which employs over 1,200 full time employees. Microsoft’s operations in Ireland include software development and testing, localisation, operations, finance, IT, HR and sales & marketing, both here in Ireland and across Europe, Middle East and Africa. Microsoft Ireland Operations Ltd sells Windows, Office and other Microsoft software in about 120 countries worldwide, including Ireland. Microsoft officially opened its Windows Live EMEA Data centre in 2009 at Grangecastle, Dublin.

The EMEA Operations Centre (EOC) established in 1985 provides key support for the company’s sales and customer support activities to over 120 countries around Europe Middle East and Africa. Focused on engineering excellence, the Microsoft European Development Centre conducts the full lifecycle of software development from R&D, to engineering and localisation across many of Microsoft’s different business groups. Microsoft Ireland (Sales, Marketing and Services Group) was established in 1991 and services customers throughout Ireland. In 2009, Microsoft opened the doors of its 303,000sq ft Windows Live EMEA Data Centre in Grangecastle, Dublin with an investment of US$500 million to host and deliver Microsoft cloud computing products and services for markets in EMEA. The data centre has been officially recognised by the European Commission’s Sustainable Energy Europe Campaign as a ‘best practice’ in environmental sustainability through its innovative design, which has made it 50% more energy efficient than traditional data centres built three years ago.

2 GOOGLE IRELAND LTD

Google Ireland Ltd opened its EMEA headquarters in Dublin in 2003, initially employing 100 people. In 2005 and 2006, Google’s Ireland operation continued to grow and the company announced expansion projects creating over 1,100 new jobs and also expanding its premises in Dublin. The Irish operation is currently the internet giant’s largest outside of the US with 2,288 employees. The search engine Google was founded in 1998 by Stanford University PhD students Larry Page and Sergey Brin with the mission of organising the world’s information and making it universally accessible and useful. It quickly went on to become the top web property in all major global markets. Its targeted advertising programme AdWords is the largest and fastest growing in the industry, providing businesses of all sizes with measurable results, while enhancing the overall web experience for users. Headquartered in Silicon Valley, California, Google has offices throughout North America, Europe, Asia, Canada, Japan, Mexico, South Korea, Turkey, Australia,


Brazil, India and the UK. The investments in Ireland allowed Google to meet the increasingly diverse needs of its customers in over 50 countries across the EMEA region. With an estimated worth of US$174 billion, Google is currently the world’s second most valuable brand in the 2015 BrandZ Top 100 Most Valuable Global Brand ranking.

3 MEDTRONIC IRELAND

Medtronic is the global leader in medical technology, alleviating pain, restoring health and extending life for millions of people around the world. Founded in 1949 in Minneapolis, Minnesota, by Earl E. Bakken and Palmer J. Hermundslie, Medtronic is well known for its deep roots in the treatment of heart disease, and provides a wide range of products and therapies – every three seconds, another life is improved by a Medtronic product or therapy. Medtronic has been present in Ireland since 1999 and today employs 4,000 people.

Their state of the art facility in Galway is a centre of excellence for the development and manufacture of a number of the company’s key medical technologies for the treatment and management of cardiovascular and cardiac rhythm disease. Medtronic also has a sales and shared service office in Dublin supporting key businesses including Cardiac Rhythm Disease Management, Neuromodulation, Spinal and Biologics, Diabetes, CardioVascular, and Ear Nose & Throat (ENT). Through their businesses, they partner with medical professionals to develop life-changing technologies that improve the way chronic diseases are treated. In September 2015, Medtronic was recognized as one of the world’s leading companies for sustainability with its ranking on the Dow Jones Sustainability North America Index (DJSI North America) for the eighth consecutive year.

4 JOHNSON & JOHNSON IN IRELAND

Johnson & Johnson has been operating in Ireland since 1935 and employees around 2,500 people across its family of companies – in Cork: DePuy, Janssen Biologics and Janssen Pharmaceuticals; in Limerick: Vistakon and Ethicon; and in Dublin: Janssen, Johnson & Johnson and Johnson & Johnson (Medical). Its Irish head office has been based at its current site in Tallaght, Dublin since 1952. The company is engaged in the supply of healthcare, personal care and toiletries and over the counter products to the consumer market. The company is also engaged in the distribution of medical devices for use in the hospital and healthcare markets. Johnson & Johnson Ireland Limited is part of Johnson & Johnson. The company’s worldwide headquarters is in New Brunswick, New Jersey, USA. In 2014, Ethicon announced plans to develop an 80 million state-of-the-art manufacturing


1716 TOP 250 EXPORTERS TOP 250 EXPORTERS

facility providing about 270 jobs at the National Technology Park, Plassey, Co Limerick. Another of its companies in Ireland is medical devices manufacturer Depuy, which employs 575 people in Co Cork, having first established there in 1997. In early 2008 DePuy announced its intention to develop next generation orthopaedic products and processes for a global market at its Irish operation with the establishment of an innovation centre. In June 2015, Johnson & Johnson Vision Care announced that it is to invest over €100 million in an expansion of its manufacturing operations at its site in the National Technology Park, Plassey, Limerick. The construction phase will take about 18 months and is expected to create about 200 temporary positions. The world’s most comprehensive and broadly based manufacturer of healthcare products and related services, Johnson & Johnson owns more than 275 operating companies in more than 60 countries, employing around 128,000.

5 INGERSOLL RAND PLC

Ingersoll Rand PLC advances the quality of life by creating comfortable, sustainable and efficient environments through their brands: Club Car®, Ingersoll Rand®, Thermo King® and Trane® to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. Ingersoll Rand are a global business committed to a world of sustainable progress and enduring results. The Ingersoll-Sergeant Drill Company and the Rand Drill Company merged in 1905 to form Ingersoll Rand. Incorporated in Dublin, Ireland and headquartered in Davidson, North Carolina, Ingersoll Rand provides its products and services directly or through distributors to customers around the globe. As of December 31, 2014, Ingersoll Rand conducts manufacturing and assembly operations in 50 plants world-wide and employs around 42,437. Ingersoll Rand also maintains offices, warehouses and repair centres throughout the world.

6 ACTAVIS (WARNER CHILCOTT PLC & ALLERGAN PLC)

Actavis PLC is a global, integrated specialty pharmaceutical company focused on developing, manufacturing and distributing generic, brand and biosimilar products. The Company has global headquarters in Dublin, Ireland and Administrative Headquarters in Parsippany, New Jersey, USA. On March 17, 2015, Actavis completed the acquisition of Allergan, creating a $23 billion diversified global pharmaceutical company and a leader in a new industry model - Growth Pharma. The combined company has broad commercial reach extending across approximately 100 countries and is anchored by strong and sustainable brand franchises, a leading global generics business, a premier pipeline, highly efficient



operations and an experienced management team. The Actavis + Allergan Brand portfolio features six blockbuster franchises in key therapeutic categories, including Dermatology and Aesthetics; CNS; Eye Care; Women’s Health and Urology; GI and Cystic Fibrosis; and Cardiovascular and Infectious Disease. Supporting these blockbuster franchises is the company’s industry-leading specialty and primary care U.S. sales force with extraordinary marketing reach and increased relevance with primary care physicians and specialists. The Actavis + Allergan Generics portfolio features more than 1,000 generics, branded generics, established brands and OTC products.

The combined company is the third largest generic manufacturer in the U.S. and holds a top 5 leadership position in nearly 20 International markets. Driving continued innovation and growth is the combined company’s strong commitment to R&D, with an investment of around $1.7 billion in 2015 alone, focused on strategic development of innovative and durable value-enhancing products within brands, generics, biologics and OTC portfolios. On 1 October 2013, Actavis announced the completion of its acquisition of Warner Chilcott plc, creating an US$11 billion leading specialty pharmaceutical company with over US$3 billion in pro forma sales. Actavis has 21,600 employees in 12 countries in North America and Western Europe and its manufacturing facilities are located in Puerto Rico, Northern Ireland and Germany.

7 DELL PRODUCTS

Dell Products is a global hub for services, sales, operations, software, finance and marketing, employing 2,300 people in Dublin, Limerick and Cork. Headquartered in Round Rock, Texas in the US, Dell’s Irish-based operations continue to play a vital role in the company’s success as it continues on its evolution from a PC company to a solutions and services organisation. Dell has a strong services presence in Ireland with more than half of the total number of Irish based employees working with the services group. The facility in Cherrywood in Dublin is one of the largest customer centres of its kind in Ireland, employing 1,200 people from 60 different nationalities. Dell started operations in Raheen, Co Limerick during 1990, and is now home to one of 12 global solution centres. The company’s acquisition of Quest Software in 2012 has added an extra site to the Irish operations with 200 people now based in Cork. Established since 1984, Dell employs a total of around 100,000 people worldwide.


8 SMURFIT KAPPA GROUP

Smurfit Kappa Group is headquartered in Ireland and is one of the leading producers of paper-based packaging in the world, with 40,830 employees in around 350 production sites across 32 countries and with sales revenue of €8.1 billion in 2014. The four main areas it focuses on are packaging, paper production, recycling and forestry. It is an integrated producer, with its packaging plants sourcing the major part of its raw material requirements from its own paper mills. In turn the sourcing of recovered fibre and wood for the mills is managed through a combination of its reclamation and forestry operations and purchases from third parties. In 2015 Tony Smurfit was appointed Group Chief Executive Officer in September 2015. He has worked in various parts of the Smurfit Group both in Europe and the United States since he joined the Group over twenty years ago.

9 ORACLE EMEA LTD

Oracle EMEA Ltd is now the largest software-as-a-service (SaaS) company in the world, according to its CEO Larry Ellisson. Oracle’s EMEA centre is based at East Point Business Park in Dublin, employing around 1,163 people. Headquartered in Redwood, California in the US, Oracle Corporation was incorporated in 2005 as a developer and provider of enterprise software and computer hardware products and services. In 2014 it reported revenues of US$38.3 billion and has 400,000 customers in 145 countries and employs more than 120,000 people in total. The Irish operation makes up about a quarter of the group’s total revenues.

10 PFIZER GLOBAL

Pfizer is one of Ireland’s leading employers and the largest pharmaceutical sector investor and employer. One of the first pharmaceutical companies to locate in Ireland (1969), Pfizer has a rich heritage of innovation and expansion over a forty year period. Pfizer has over 4,000 colleagues across 8 locations based in Cork, Dublin and Kildare. The Irish operations manufacture some of Pfizer’s best-selling and newest medicines. Ireland is a leading manufacturing base for Pfizer globally, exporting to global markets. Total capital investment by the company in Ireland exceeds $7 billion. To maximise new opportunities in biomedical research, and bring more innovative medicines to more patients more quickly, Pfizer has created two distinct research organisations. The PharmaTherapeutics Research & Development Group focuses on the discovery of small molecules and related modalities; and The BioTherapeutics Research & Development Group focuses on large-molecule research, including vaccines. Pfizer has also developed an enhanced commercial operating structure. Pfizer has eight diverse health care



businesses: Primary Care, Specialty Care, Oncology, Emerging Markets, Established Products, Consumer Healthcare, and Nutrition.

Each of these businesses is led by an executive with clear accountability for results - from product development following proof of concept to providing access to patients and through to the end of the product’s life cycle. The businesses are provided with the resources to pursue attractive growth opportunities and to deliver benefits to all who rely on us around the world. With this structure, Pfizer are able to rapidly capitalise on opportunities to advance their business by increasing support for successful new medicines, forging partnerships with key customers, entering into co-promotion and licensing agreements, investing in new technologies to add value to our core product offerings, and acquiring new products and services from outside the company. The breadth and range of the new Pfizer business structure is well reflected in their Irish footprint which represents major capital and human resource investments over a large number of years in areas such as Active Pharmaceutical Ingredients, Sterile Injectibles, Solid Dose Pharmaceuticals, Nutritionals, Vaccines and Biopharmaceuticals as well as Global Financial Services.

11 APPLE IRELAND

Apple Computer Ltd established here in 1980 and the creator of the iPod and iPhone now employs 4,000 people in Hollyhill, Co Cork, representing a quarter of the total number it employs in Europe. Apple estimates it supports a further 2,500 jobs in Cork indirectly by providing services such as facilities, catering and security. Founded by Steve Jobs in 1976 as a maker of personal computers, Apple is now the world’s largest tech company according to Forbes Global 2000. As of April 6 2015, Apple’s sales top $200 billion, with a net profit of $45 billion and assets of $260 billion. It’s also no secret that Apple is the world’s most valuable company with $740 billion in market cap, more than doubling the world’s second most valuable company. Aside from the iPhone and iPod, its best known brands are the Mac line of computers and the iPad tablet computer, as well as software such as the iOS operating system. Worldwide annual revenue in 2014 totalled US$182.8 billion for the company which is an increase of 7 percent compared to the previous fiscal year. Today Apple is ranked number 5 of in the top 10 of the Fortune 500 list of companies.


12 INTEL IRELAND LTD

Intel Ireland Ltd started out in Ireland in 1989 and the chip maker now employs, 4,500 people at it’s Leixlip plant and is involved in state-of-the-art advanced manufacturing. Ireland is Intel’s centre of manufacturing excellence in Europe and has invested $12.5 billion, turning 360 acres of the Collinstown Industrial Park into the most advanced industrial campus in Europe. Over the past two decades Intel in Ireland has come to represent a diversity of activities across the spectrum of Intel business; from advanced manufacturing to cutting edge research and design. The Intel Ireland campus at Leixlip is Intel’s largest manufacturing plant outside of the United States and consists of two semi-conductor wafer fabrication facilities: Fab 10 Ireland Fab Operations (IFO), and also the Fab 24 manufacturing plant which includes Fab 24-2. IFO is a 200mm wafer facility whilst Fab 24 processes 300mm wafers using 65 nanometer and 90 nanometer process technologies. Worldwide, Intel employs 94,000 people and includes wafer fabrication facilities in Ireland, Arizona, Oregon, New Mexico, California, Massachusetts as well as a Chinese operation.

13 KERRY GROUP PLC

Kerry Group PLC is headquartered in Tralee, Co Kerry and the food ingredients and flavours company employs over 23,767 people throughout its manufacturing, sales, technology and application centres across Europe, North America, South America, Australia, New Zealand and Asian markets. As announced in 2012, Kerry Group is investing €100 million in a global technology and innovation centre in Naas, Co Kildare, which will create 800 jobs directly, as well as 400 immediate construction jobs. Reporting total revenue of €5.76 billion for 2014, Kerry Group has 140 production facilities in 24 countries and sales offices in 20 countries around the world. It supplies over 15,000 food, food ingredients and flavour products to customers in more than 140 countries worldwide. In 2014 it opened a new regional development and application centre in Durban, South Africa to serve its growing customer base in sub-Saharan Africa, as around €1 billion of its revenue is now derived from emerging markets. Launched as a public company in 1986, Kerry Group’s is listed on the Dublin and London Stock Exchanges and its market capitalisation currently stands at around €11 billion. In April 2015, Kerry Group announced that they have reached an agreement to form a joint venture company with IOI Loders Croklaan to develop and market the nutrition lipid Betapol® business. The equal share partnership is centered around Betapol®, a specialty lipid for infant nutrition. The new partnership will be able to reach global markets more effectively, and will stimulate joint developments to extend the Betapol® portfolio for infant nutrition, and expand into other key nutrition market segments.



14 BOSTON SCIENTIFIC GROUP PLC

Boston Scientific Group Plc first established in Ireland in 1994, with the support of IDA Ireland, and has grown to be the largest medical device employer in Ireland, employing around 3000 people. Through its three Irish sites – located in Clonmel, Cork and Galway – the company exports around 10 million medical devices worldwide each year, including stents, balloons, platinum coils, catheters, inflation devices and pacemakers. The Irish manufacturing operation is an integral part of the corporation’s manufacturing strategy and capability. Founded in 1979 and headquartered in Massachusetts in the US, Boston Scientific employs 25,000 people across 17 manufacturing facilities worldwide and is a global leader in the development of less invasive medical devices. It is committed to continued investment in research, development and innovation, investing US$1 billion annually in new products and technologies.

15 KINGSTON TECHNOLOGY INTERNATIONAL LTD

Kingston Technology International Ltd is the world’s largest and most successful independent manufacturer of memory products. They market over 2,000 memory products and support more than 6,000 systems. Kingston Technology International are privately owned with headquarters based in Fountain Valley, California and sales offices strategically placed all over the world. Localised manufacturing and fulfilment services are carried out in Taiwan, Malaysia, China and in Ireland employing 198 people. In addition to this Kingston Technology International has the ability to design, engineer, package, test and validate at the component level. Their facilities have been set-up to support both own branded product and OEM product. Flexibility to change is a core strength allowing Kingston Technology International to react and provide a quality customer service in an ever-changing environment.

16 SANDISK INTERNATIONAL LTD

SanDisk International Ltd was founded in 1988 by memory technology experts Dr Eli Harari and Sanjay Mehrotra. The company is an American multinational that designs, develops and manufactures data storage solutions in a range of form factors using the flash memory, controller and firmware technologies. In 2014 it reported US$6.6 billion in revenue. The company is headquartered in California, has manufacturing facilities China, Japan and Malaysia. SanDisk has sales, operations, research and development, and administration in the United States, China, France, Germany, India, Ireland, Israel, Japan, South Korea, Russia, Scotland, Singapore, Spain, Sweden, Taiwan, and the United Arab Emirates


employing more than 8,600 worldwide. Its most recent investment in Ireland was in 2006 when it transferred its EMEA headquarters to Dublin from Holland, which today employs over 40 people.

17 PERRIGO CO PLC

Perrigo Co Plc is a leading global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and prescription (Rx) pharmaceuticals, nutritional products, and active pharmaceutical ingredients (API), as well as receives royalties from Multiple Sclerosis drug Tysabri®. Employing over 10,000 people, the company is the world’s largest manufacturer of OTC pharmaceutical products for the store brand market and an industry leader in pharmaceutical technologies. Perrigo has been a packager of generic home remedies since 1887. Headquartered in Ireland, it has grown to provide “Quality Affordable Healthcare Products®” across a wide variety of product categories and geographies primarily in North America, Europe, and Australia, as well as other key markets including Israel and China. In 2013 Perrigo acquired Irish pharma company Elan.

18 TOTAL PRODUCE PLC

Total Produce PLC is Europe’s premier fresh produce provider. Growing, sourcing, importing, packaging, distributing and marketing over 200 lines of fresh fruits, vegetables and flowers, the Total Produce group distributes some 300 million cartons of fresh produce to the retail, wholesale, foodservice and processing sectors across Europe and North America annually. A group with a strong pedigree in forging effective strategic partnerships, Total Produce today operates out of 100 facilities across some 20 countries, while serving many more. In addition to being the leading fresh produce provider in Ireland (Total Produce Ireland), Spain (Grupo Arc Eurobanan), Sweden & Denmark (Total Produce Nordic, Lembcke, Everfresh), the United Kingdom (Total Produce UK), and the Czech Republic (Hortim International), the Total Produce group includes major operations in several key markets including Slovakia (Hortim International), India (Khet Se Distribution, Suri Agrofresh PVT), Italy (Peviani), The Netherlands (Total Produce bv, Haluco bv, Nedalpac bv, Anaco & Greeve International, Frankort & Koning) and North America (The Oppenheimer Group).

Total Produce Ireland is Ireland’s largest fresh produce provider supplying the complete range of fresh fruits and vegetables to the retail, wholesale and foodservice sectors. Offering nationwide coverage via an unrivalled island-wide infrastructure, Total Produce Ireland operates from some 8 facilities strategically



positioned across the island - including Belfast, Dundalk, Swords, Beresford St (Dublin), Cork, Tralee, Galway and Sligo alongside partnerships in Kilkenny, Donegal and Derry and employs 3,811 people.

19 FACEBOOK IRELAND LIMITED

Facebook Ireland Limited established its international headquarters in Hanover Quay in 2009 and the social media giant doubled its office space last November, moving to a new office space in Grand Canal Square in Dublin’s Silicon Docks. The Dublin office will allow Facebook to further expand its operations in Ireland from the existing base of server support, policy and database engineering. The new 120,000 sq ft office space has the capacity for 1,000 employees, which gives Facebook room to grow from its 425 employees to over double that. Facebook’s largest operation outside of the group headquarters is Menlo Park, California.

20 MSD IRELAND

MSD IRELAND known as Merck in the United States and Canada, has operations in more than 140 countries. In Ireland, MSD employs over 2,000 people across its five sites in Dublin, Carlow, Cork, Tipperary and Wicklow. Its extensive Irish operations encompass manufacturing, commercial and marketing facilities. MSD is a leader in healthcare, dedicated to helping the world be well through a wide range of innovative health solutions. This includes the development, production and distribution of prescription medicines, vaccines and biologic therapies as well as animal health products. In April 2015, MSD announced they are to invest €11.5m in its Carlow site this year, which is expected to significantly enhance its facilities and services. Over the past seven years, €312m has been pumped into the Carlow manufacturing facility. The site is MSD’s first stand-alone human vaccine facility, producing vaccines for customers across the world. It is also leading MSD’s work in the development of a new oncology treatment.

2524

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• Documents handled securely and confidentially

• Comprehensive range of destinations covered

• Express service available • Multiple applications processed

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DisclaimerThe Irish Exporters Association expects to turnaround visas and legalisations within a stated time frame. However, due to the nature of the service, we cannot guarantee a return completion date.

While all reasonable care will be given, the IEA will accept no liability for any loss resulting from an error of any kind by it, its employees and agents, in the processing of visas and legalisations or from loss or delay in dealing with documents.

Consular Services The Irish Exporters Association (IEA) Consular Services Department can assist EU and non EU nationals who have an Irish residency stamp in obtaining business and tourist visas.

Contact Details:For further information on our consular services, please visit our website www.irishexporters.ie Tel: 01 661 2182Email: [email protected] @IrishExporters

Export ServicesConsular Services

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Visa ServiceWe will send you the current application forms and work with you step by step to complete the requirements needed to assist you with your visa.

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Legalisation of DocumentsWe will process your documents through the relevant Chambers, Notaries Public, Embassies, Department of Foreign Affairs and Trade.


Company Name

€mExports


43 DOOSAN HOLDINGS EUROPE LIMITED

891.23 2,318 Dublin 01 6502000 www.doosan.com Construction Equipment

44 SHIRE PHARMACEUTICALS IRELAND

872.37 132 Dublin 01 6764971 www.shireireland.com Pharmaceuticals

45 AMDOCS SOFTWARE SYSTEMS LTD

871.29 92 Dublin Dublin

01 4393600 www.amdocs.com Software

46 NETGEAR INTERNATIONAL LTD

862.78 50 Cork 1628676727 www.netgear.ie Computer Networking Hardware

47 AVAYA INTERNATIONAL SALES LTD

820.49 391 Bray 01 2042000 www.avaya.com Telephone & telegraph apparatus

48 BUSINESS OBJECTS SOFTWARE LTD (SAP)

805.82 239 Dublin 01 6756000 www.sap.com Software Solutions

49 PEPSI-COLA MANUFACTURING (IRELAND)

800.00 600 Cork 021 4353921 www.pepsi.com Flavouring extracts & syrups

50 SYNOPSYS IRELAND LTD

746.13 3,105 Dublin 01 4368800 www.synopsys.com Semi-Conductors Software

51 MICROCHIP TECHNOLOGY IRELAND

696.54 14 Dublin 01 8831100 www.microchip.com Microchip Manufacturers

52 SCHNEIDER ELECTRIC IT LOGISTICS

694.56 224 Galway 091 702000 www.schneider-electric.ie Electrics

53 JAZZ PHARMACEUTICALS PLC

693.99 668 Dublin 01 6344183 www.jazzpharma.com Pharmaceuticals

54 BOSE PRODUCTS BV 631.49 1,418 Carrickmacross 042 9661988 www.bose.com Household audio & video equipment

55 SERVIER (IRELAND) INDUSTRIES LTD

607.90 429 Arklow 0402 20800 www.servier.com Medicinal chemicals & botanical

56 FYFFES PLC 600.00 2,730 Dublin 01 8872700 www.fyffes.com Fruit Producers

57 MCKESSON IRELAND LTD

550.00 90 Cork 021 4548200 www.mckesson.com Healthcare Information

58 STRYKER IRELAND LTD

514.80 853 Limerick 061 498500 www.stryker.com Medical Equipment Mfrs

59 ALTERA EUROPEAN TRADING CO LTD

506.16 27 Cork 021 4547500 www.altera.com Semiconductors

60 GLAXOSMITHKLINE 500.00 1,600 Dublin 01 4069600 www.gsk.com Pharmaceutiacl Preparations

61 DAIRYGOLD 500.00 1,100 Mitchelstown 025 24411 www.dairygold.ie Dairy Processing

62 GREENCORE GROUP PLC

500.00 9,726 Dublin 01 6051000 www.greencore.ie Food preparations



Company Name

€mExports


21 ABP FOOD GROUP 2,400.00 8,000 Ardee 041 6850200 www.aibp.ie Meats & meat products

22 ORNUA (IRISH DAIRY BOARD)

2,300.00 3,100 Dublin 01 6619599 www.idb.ie Dairy products sales

23 GILEAD SCIENCES 2,243.25 217 Dublin 353 21 4825500

www.gilead.com/ Bio-Pharmaceutial

24 I B M IRELAND LTD 2,200.00 3,000 Dublin 01 8154000 www.ibm.com/ie Computing & Consulting, Business Opportunities

25 GLEN DIMPLEX 2,200.00 8,500 Drogheda 041 6851700 www.glendimplex.com Household Equipment Mfrs

26 VMWARE INTERNATIONAL LTD

2,164.21 562 Cork 021 4660000 www.vmware.com Software

27 GLANBIA PLC 2,000.00 3,750 Kilkenny 056 7772200 www.glanbia.com Food preparations

28 FOREST LABORATORIES HOLDINGS LTD

1,975.31 372 Dublin 01 8670477 www.forest-labs.ie Pharmaceuticals

29 MAXIM INTEGRATED PRODUCTS INTERNATIONAL LIMITED

1,907.99 77 Dublin 01 2235500 www.maxim-ic.com Semiconductors

30 KINGSPAN GROUP PLC

1,600.00 6,500 Kingscourt 042 9698500 www.kingspan.com Building Materials

31 SYMANTEC LTD 1,564.27 927 Blanchardstown 01 8035400 www.symantec.com Computer software manufacturers

32 GENZYME IRELAND LTD

1,533.69 487 Waterford 051 594100 www.genzyme.ie Pharmaceutiacl Preparations

33 ADOBE SYSTEMS SOFTWARE IRELAND

1,508.35 2,500 Dublin 01 4336700 www.adobe.com Publishing Software

34 ICON PLC 1,419.40 10,242 Dublin 01 2941500 www.iconclinical.com Clinical & Biological R&D

35 KELLOG EUROPEAN TRADING

1,394.13 219 Dublin 01 626066 www.kellogg.ie Food Company

36 DAWN MEATS EXPORTS

1,300.00 3,000 Waterford 051 309200 www.dawnmeats.com Meat Exporters

37 BENEX LTD 1,195.15 4 Kilrush 061 472920 www.benex-corp.com X-ray apparatus & related irradi

38 BARD SHANNON LTD 923.59 3,390 Galway 091 752730 www.crbard.com Pharmaceuticals

39 DIAGEO 900.00 1,500 Dublin 01 4536700 www.guinness.com Drinks Manufacturers & Distributors

40 KEPAK GROUP 900.00 2,000 Clonee 01 8015000 www.kepak.com Meat Processors

41 EMC IRELAND 900.00 2,500 Cork 021 4281500 www.ireland.emc.com

42 P.C.H INTERNATIONAL LTD

900.00 3,000 Cork 021 7334400 www.pchintl.com Electronics

The Top 250 Export Companies in Ireland


Company Name

€mExports


86 MONAGHAN MUSHROOMS

300.00 3,600 Monaghan 047 38200 www.monaghan-mushrooms.ie

Mushroom growers & distributors

87 PTC (SSI) LTD 289.64 5 Dublin 01 479 3267 www.ptc.com Software

88 RED HAT LIMITED 285.00 80 Cork 021 2303445 www.redhat.com Open Source Software

89 TRI SUPPLY LTD 283.63 N/A Cork 021 4825500 www.gilead.com Pharmaceuticals

90 SKILLSOFT 283.02 1,455 Dublin 01 2830077 www.skillsoft.com Software design

91 COILLTE TEO 275.72 913 Wicklow 052 21166 www.coillte.ie Builders Materials

92 L M ERICSSON LTD 272.95 1,372 Dublin 01 2837222 www.ericsson.com Software design

93 ZYNGA GAME IRELAND LIMITED

266.07 46 Dublin 01 619 4126 www.zynga.com Gaming Software

94 LIBERTY MEDICAL SERVICES LIMITED

253.60 N/A Ballina 096 22066 www.hollister.com Medical products

95 XEROX IRELAND 250.00 700 Dublin 01 6086000 www.xerox.com Computing

96 BAUSCH & LOMB IRELAND

250.00 1,500 Waterford 051 355001 www.bausch.com Optical instruments & lenses

97 C&C GROUP PLC 250.00 1,006 Dublin 01 6161100 www.candcgroupplc.ie Bottled & canned soft drinks & water

98 ROSDERRA IRISH MEATS

250.00 N/A Offaly 046 9733600 www.rosderra.ie Pigmeat Exporters

99 SLANEY FOODS INTERNATIONAL

250.00 350 Bunclody 053 9377155 www.slaney.com Beef Processors

100 LIFFEY MEATS 250.00 500 Ballyjamesduff 049 8545300 www.liffeymeats.ie Sausages & other prepared meat

101 AURIVO 250.00 696 Tubbercurry 071 9186500 www.connaughtgold.ie Dairy products sales

102 VCE TECHNOLOGY SOLUTIONS LTD

249.08 119 Cork 1800 946417 www.vce.com Cloud Computing

103 IAC SEARCH & MEDIA EUROPE LTD

245.36 11 Dublin 01 6877800 www.iac.com Search Engine

104 FOURNIER LABORATORIES IRELAND LTD

244.18 136 Carrigtwohill 021 4881400 www.fournierpharma.com Pharmaceutiacl Preparations

105 STORIT LIMITED 242.33 197 Mayo 094 9374000 www.cmsperipherals.com Computer peripherals

106 NOVELL IRELAND SOFTWARE LTD

237.57 91 Dublin 01 6058000 www.novell.com/ireland Pre-packaged software

107 LIEBHERR CONTAINER CRANES LTD

227.84 663 Kerry 064 70200 www.liebherr.com Container Cranes

108 LUFTHANSA TECHNIK AIRMOTIVE IRELAND LTD

223.91 1,097 Rathcoole 01 4011111 www.lufthansatechnik airmotiveireland.com

Aerospace Manufacturers



Company Name

€mExports


63 ELI LILLY 500.00 850 Kinsale 021 4772699 www.lilly.ie Pharmaceutical preparations

64 GE IRELAND 500.00 2,200 Dublin 01 4699600 www.ge.com/ie General

65 KCI MEDICAL RESOURCES

491.84 N/A Athlone 1800 333377 www.kci-medical.ie Medical Technology

66 ARDAGH GLASS SALES LTD

462.21 45 Dublin 01 6052400 www.ardaghglass.com Glass Manufacturer

67 LIMERICK ALUMINA REFINING LIMITED

454.68 450 Askeaton 061 604000 www.aughinish.com Alumina Extracts

68 COOK IRELAND LTD 450.89 795 Limerick 061 334440 www.cookgroup.com Medical Equipment Mfrs

69 ANALOG DEVICES 450.00 1,100 Limerick 061 229011 www.analog.com Analog Device Mfrs

70 PHARDIAG LIMITED 444.84 27 Shannon 061 714044 N/A Chemicals

71 AMAZON DATA SERVICES

440.36 549 Dublin 01 6458977 www.amazon.com Online Buying

72 XILINX IRELAND 438.15 233 Saggart 01 4640311 www.xilinx.com Electronic Components

73 MENTOR GRAPHICS IRELAND

430.56 427 Shannon 061 716202 www.mentor.com Software

74 ARROW GROUP LTD 429.35 1,603 Waterford 353 51 378 111

www.dawnint.com Meat Processors

75 ALKERMES PHARMA IRL

408.82 394 Dublin 01 7728000 ww.alkermes.com Pharmaceuticals

76 IRISH DISTILLERS LTD

400.00 500 Dublin 01 8725567 www.irishdistillers.ie Distillers

77 LAKELAND DAIRIES CO-OPERATIVE SOCIETY LTD

400.00 576 Cavan 049 4364200 www.lakeland.ie Fluid milk

78 TEVA PHARMACEUTICALS

400.00 500 Waterford 051 331331 www.teva.ie Pharmaceuticals

79 GARTNER IRELAND LIMITED

397.75 15 Dublin 01 6696600 www.gartner.com IT Research & Advisory

80 MCAFEE IRELAND LTD

393.46 332 Cork 021 4672000 www.mcafee.com Anti-virus software

81 TELEFLEX MEDICAL EUROPE LIMITED

390.79 293 Athlone 0906 460800 www.teleflex.com Medical Devices

82 WYETH NUTRITIONALS IRL

377.61 610 Askeaton 061 392168 www.wyethnutrition.com Pharmaceutical preparations

83 HEWLETT PACKARD 374.55 4,000 Leixlip 01 6150000 www.hp.com Business Equipment Mfrs

84 CADENCE DESIGN SYSTEMS (IRELAND) LTD

341.09 45 Dublin 01 805 4300 www.cadence.com Software

85 SANDLEFORD LTD 300.71 1,537 Waterford 051 310900 www.sandleford.com Bicyle Components


Company Name

€mExports


129 RECORDATI IRELAND LTD

166.53 52 Cork 021 4379400 www.recordati.com Pharmaceuticals & Chemicals

130 TREND MICRO (EMEA) LTD

165.93 579 Cork 021 730 7300 www.trendmicro.com IT Security

131 KENMARE RESOURCES PLC

159.39 1,592 Dublin 01 6710411 www.kenmareresources.com

Mining

132 CONNAUGHT ELECTRONICS LIMITED

157.87 676 Tuam 093 23100 www.valeo.com Electronics

133 BRISTOL MYERS SQUIBB

150.00 275 Swords 01 8139000 www.bmsireland.ie Pharmaceutical preparations

134 BALLINA BEVERAGES (COCA - COLA)

150.00 500 Ballina 096 74200 www.cocacola.ie Soft Drink Concentrates

135 DANONE BABY NUTRITION

150.00 350 Macroom 1850 200300 www.danone.com Baby milk manufacturers

136 COMBILIFT LTD 150.00 300 Clontibrit 047 80500 www.combilift.com Forklift Manufacturer

137 EI ELECTRONICS 150.00 700 Shannon 061 471271 www.eicompany.com Electronic Components

138 TWITTER 150.00 500 Dublin N/A www.twitter.com Social Networking

139 LINKEDIN 150.00 700 Dublin 01 242 3400 www.linkedin.com Social Networking

140 GLOBOFORCE LTD 148.59 221 Dublin 01 4098325 www.globoforce.ie Gift voucher service

141 NOVARTIS RINGASKIDDY LTD

147.76 554 Cork 021 4862000 www.ie.novartis.com Pharmaceutical preparations

142 COMMSCOPE EMEA 143.73 147 Bray 01 2042000 www.systimax.com Tele-communications

143 TRANSITIONS OPTICAL LTD

142.07 221 Galway 093 70600 www.transitions.com Photochromic plastic lenses

144 FLEETMATICS GROUP PLC

141.08 659 Dublin 01 4245400 www.fleetmatics.ie Web based software

145 MICROS FIDELIO (IRELAND) LTD

140.70 167 Dublin 01 4693718 www.micros-fidelio.com Software & Hardware

146 BASF IRELAND LTD 140.00 100 Cork 021 4354277 www.basf.com Chemicals & chemical preparation

147 C&F TOOLING LTD 138.56 1,343 Athenry 091 790868 www.cftooling.ie Machine Tool Mfrs

148 ALERE INTERNATIONAL

137.94 86 Galway 091 429900 www.alere.com Medical Diagnostics

149 DORNAN ENGINEERING LIMITED

135.62 437 Cork 021 2330900 www.dornan.ie Instrumentation Services

150 WELLMAN INTERNATIONAL LTD

135.20 395 Kells 046 9240358 www.wellman-intl.com Manmade organic fibres



Company Name

€mExports


109 EQUANT NETWORK SERVICES INTERNATIONAL

223.10 49 Dublin 01 4025900 www.orange-business.com Electronics

110 ELEMENT SIX LTD 221.00 357 Shannon 061 471655 www.e6.com Industrial Diamonds

111 QLGC LTD 216.47 26 Dublin 01 8857577 www.qlogic.com Computing

112 BENTLEY SOFTWARE INTERNATIONAL LIMITED

214.42 131 Dublin 01 4364600 www.bentley.com Software

113 SENSORMATIC EUROPEAN DISTRIBUTION

209.52 27 Cork 021 4801000 www.sensormatic.com Electonics

114 ASTELLAS IRELAND 200.00 350 Dublin 01 8030800 www.astellas.com Pharmaceutical preparations

115 BAXTER HEALTHCARE

200.00 1,200 Castlebar 094 9022244 www.baxter.com Medical Equipment Mfrs

116 SMARTPLY EUROPE LTD

200.00 N/A Waterford 051 851233 www.smartply.com Timber

117 COOLMORE STUD 200.00 N/A Fethard 052 6131298 www.coolmore.com Thoroughbred Stallions

118 ZIMMER ORTHOPEDICS MANUFACTURING LIMITED

199.17 230 Shannon 061 447700 www.zimmer.com Medical Devices

119 LAN MED NAUTILUS 196.60 137 Dublin 01 4392700 www.lanmednautilus.com Tele-communications

120 TERADATA IRELAND LIMITED

195.02 60 Dublin 01 8930800 www.teradataireland.com Software

121 PARAMETRIC TECHNOLOGY

191.78 Dublin 01 479 3267 www.ptc.com Software

122 LISHEEN MILLING LTD

182.22 73 Thurles 0504 45600 www.lisheenmine.ie Zinc Mining

123 GREEN ISLE FOODS LTD

180.00 650 Naas 045 8484000 www.northern-foods.co.uk Food Manufacturers

124 TARA MINES HOLDINGS LTD

174.15 691 Meath 046 908 2000 www.taramines.ie Mining

125 HELSINN BIREX PHARMACEUTICALS LTD

171.49 176 Dublin 01 8225404 www.helsinn.com Pharmaceuticals

126 PAYZONE IRELAND LTD

170.94 71 Dublin 01 2076000 www.payzone.ie Electronics Payments Solutions

127 BIMEDA IRELAND 170.00 550 Dublin 01 4515011 www.bimeda.com Pharmaceutical preparations

128 MYLAN TEO 167.06 208 Galway (0)1 871 1600 www.bioniche.com Pharmaceuticals


Company Name

€mExports


169 DONEGAL MEAT PROCESSORS

102.39 228 Donegal 074 9140228 www.foylefoodgroup.com Meat packing plants

170 EXTREME NETWORKS IRE LTD

102.32 72 Shannon 061 472022 www.enterasys.com Tele-communications

171 FMC INTERNATIONAL 100.00 250 Cork 021 4354133 www.fmcinternational.co.uk

Pharmaceutical Preparations

172 LEO LABORATORIES 100.00 N/A Dublin 01 4908924 www.leo.ie Pharmaceuticals

173 YAHOO EMEA 98.42 229 Dublin 01 866 3100 www.yahoo.ie Internet Search Engine

174 FURLONG INVESTMENTS LTD

98.02 401 Dublin 01 4505520 www.furlongflooringltd.co.uk

Home furnishings

175 OPENET TELECOM LIMITED

95.45 708 Dublin 01 6204600 www.opennet.com Software

176 RENISHAW (IRELAND) LIMITED

95.00 70 Swords 01 8131111 www.renishaw.com Medical Devices

177 PROCTER & GAMBLE (MANUFACTURING) IRELAND LTD

93.36 652 Nenagh 067 50100 www.pg.com Perfumes, cosmetics & other toiletries

178 MIRROR CONTROLS INTERNATIONAL

93.21 178 Dublin 071 982 0040 www.mirrorcontrols.com Automobile Components

179 ZEUS PACKAGING GROUP LIMITED

90.61 222 Dublin 01 4018900 www.zeuspackaging group.com

Packaging

180 MICROMUSE SOFTWARE IRELAND LTD

90.00 N/A Dublin N/A www.micromuse.com Software

181 ALL-TECHNOLOGY (IRELAND) LTD

88.34 110 Dunboyne 01 8252245 www.alltech.com Bio-Tech Researchers

182 ROCHE PRODUCTS IRELAND LTD

86.59 77 Dublin 01 4690700 www.roche.ie Pharmaceutical preparations

183 HONEYWELL MEASUREX (IRL) LTD

81.86 66 Waterford 051 376411 www.honeywell.com Engineering services

184 DTS LICENSING LTD 81.40 46 Limerick 061 507289 www.dts.com Entertainment Technology

185 MAGNA DONNELLY 80.00 N/A Naas 045 897101 www.magnadon.com Electronics

186 AIRBNB 80.00 250 Dublin 01 660 5323 www.airbnb.com Online Bookings

187 IPSEN MANUFACTURING IRL

79.39 104 Blanchardstown 01 6681377 www.ipsen.com Pharmaceutical preparations

188 SCIENTIFIC GAMES WORLDWIDE LTD

78.98 48 Longford 0906 432666 www.scientificgames.com Games mfrs

189 TAKEDA IRELAND LTD

76.64 366 Bray 01 2050600 www.takeda.ie/ Pharmaceutiacl Preparations

190 NETIQ IRELAND 76.54 38 Galway 091 782600 www.netiq.com Enterprise Software



Company Name

€mExports


151 WEBSENSE INTERNATIONAL

134.81 468 Dublin 01 536000 www.websense.com Internet Security

152 M/A -COM TECH SOLUTIONS (CORK)

133.83 69 Cork 021 4359935 www.macom.com Semiconductors

153 HENKEL IRELAND O&R LTD

130.74 355 Dublin 01 4046438 www.henkel.co.uk Chemicals

154 PAYPAL EUROPE SERVICES

130.58 1,871 Dublin 01 8243350 www.paypal.ie Internet Purchasing

155 CARBERY MILK PRODUCTS LTD

125.00 500 Ballineen 023 22200 www.carbery.com Natural, processed & imitation c

156 MCDERMOTT LABORATORIES LTD

123.99 625 Dublin 01 8393788 www.mylan.com Pharmaceutiacl Preparations

157 SIEMENS HEALTHCARE DIAGNOSTICS

120.70 293 Swords 01 8132222 www.siemens.com Medical Equipment Mfrs

158 FAIR OAK FOODS (INTERNATIONAL) LTD

120.00 N/A Clonmel 052 21811 www.fairoakfoods.ie Meat Processors

159 CREGANNA TACTX MEDICAL

120.00 750 Galway 091 757801 www.cregannatactx.com Medical Devices

160 STIEFEL LABORATORIES (IRELAND) LTD

120.00 300 Sligo 071 9161626 www.stiefel.com Pharmaceutical preparations

161 SFDC INTERNATIONAL (SALESFORCE)

115.64 600 Dublin 01 14403500 www.salesforce.com Cloud Computing

162 KN NETWORK SERVICES

115.45 492 Dublin 01 457 5000 www.knnetworkservices.com

Tele- communications & Civil Engineering Solutions

163 STRATUS TECHNOLOGIES IRELAND LIMITED

113.60 16 Dublin 01 8976000 www.stratus.com Software Solutions

164 BECTON DICKINSON & COMPANY LTD

113.34 54 Dun Laoghaire 01 2854800 www.bd.com Surgical & medical instruments

165 CAMERON IRELAND LTD

113.24 262 Longford 043 50600 www.camerondiv.com Valves & pipe fittings

166 LEANORT LTD 109.27 284 Navan 046 906 6000 www.xtratherm.com Insulation Product Manufacturers

167 H J HEINZ MANUFACTURING IRL

108.48 257 Dundalk 042 9385200 www.heinz.com Food Manufacturers

168 UCB MANUFACTURING IRELAND LIMITED

107.80 122 Shannon 061 714100 www.ucb.com Pharmaceuticals


Company Name

€mExports


211 TIPPERARY CO-OPERATIVE CREAMERY LTD

60.00 170 Tipperary 062 33111 www.tipperary-coop.ie Fluid milk

212 TOWN OF MONAGHAN CO-OP

60.00 N/A Monaghan 047 81400 www.tmc.ie Dairy Products

213 CARTON GROUP 60.00 850 Clonee 01 8014142 www.chicken.ie Poultry Processors

214 HILTON FOODS IRELAND

60.00 323 Drogheda 041 9804960 www.hiltonfoodgroupplc.com

Meat Processors

215 CELESTICA IRELAND LTD

59.84 375 Galway 091 705000 www.celestica.com Automated Manufacturing Services

216 TECH GROUP EUROPE LTD

57.15 205 Dublin 01-8859701 www.techgroup.com Plastic Injection Moulding

217 EBAY EUROPE SERVICES LTD

56.65 695 Blanchardstown www.ebay.ie Internet Purchasing

218 AVOCENT INTERNATIONAL LTD

56.08 91 Kilrush 061 471877 www.avocent.com Computer peripheral equipment N.

219 FUJITSU IRELAND 56.03 201 Dublin 01 8702427998

www.s.fujitsu.com Technology Solutions

220 PINEWOOD LABORATORIES LTD

55.87 303 Waterford 052 36253 www.pinewood.ie Pharmaceutical preparations

221 CROSS VETPHARM GROUP

55.76 222 Dublin 01 451 5522 www.bimeda.com

222 GAMESTOP LTD 55.10 275 Dublin 01 8135350 www.gamestop.ie Gaming Software

223 MERIT MEDICAL IRELAND LTD

54.77 446 Galway 091 703700 www.merit.com Medical Devices

224 AMDIPHARM LTD 54.47 3 Dublin 01 6971640 www.amcolimited.com Pharmaceutical preparations

225 ALPS ELECTRIC (IRELAND) LTD

54.15 386 Cork 029) 70677 www.alps.com Electronic Parts Manufacturer

226 MISYS IRELAND LTD 53.80 57 Dublin 01 7753900 www.sophis.co Software

227 PRAMERICA SYSTEMS IRELAND LTD

53.51 972 Letterkenny 074 9167600 www.pramerica.ie Software design

228 MATROX EUROPE 52.65 21 Cork 021 4325600 www.matrox.com Electronic Equipment

229 BIO-MEDICAL RESEARCH LTD

52.41 195 Galway 091 774300 www.bmr.com Bio-med researchers

230 CLONMEL HEALTHCARE LTD

51.78 47 Clonmel 052 77777 www.clonmel-health.ie Pharmaceutical preparations

231 SURETANK GROUP LTD

51.66 617 Louth 041 6862022 www.suretank.com Manufacturers

232 TRULIFE GROUP LTD 51.12 518 Dublin 01 4511755 www.trulife.com Medical Devices

233 INDEPENDENT NEWS & MEDIA

50.00 1,000 Dublin 01 4663200 www.independent.ie Publishing



Company Name

€mExports


191 GROUPON INTERNATIONAL

75.08 31 Dublin 44 (0) 203 510 2701

www.groupon.com Online Shopping

192 NATIONAL INSTRUMENTS IRELAND

75.06 31 Dublin 01 867 4374 http://ireland.ni.com/ Software

193 ABB LTD 75.00 150 Dublin 01 4057300 www.abb.com Engineering Manufacturers

194 WORKDAY LTD 74.53 150 Dublin 01 2419900 www.workday.com Cloud Computing

195 TRINITY BIOTECH PLC

72.56 496 Bray 01 2769800 www.trinitybiotech.com Drugs, proprietaries & sundries

196 CG POWER SYSTEMS IRELAND LTD

71.78 468 Cavan 049 4331588 www.cglobal.com Electronic Components

197 LAKE REGION MEDICAL

70.28 777 New Ross 051 440500 www.www.lakergn.com Medical Equipment Mfrs

198 CORMAN MILOKO IRL

70.10 42 Tipperary 051 640066 www.cormanmiloko.com Butterfat Manufacturers

199 M&J GLEESON (INVESTMENTS) LTD

70.00 625 Dublin 01 6269787 www.tipperary-water.ie Drinks Manufacturers & Distributors

200 ROTTAPHARM LTD 69.29 128 Dubin 01 8852700 www.rottapharm.ie Pharmaceuticals

201 AFILIAS PLC 69.18 212 Dublin 01 7065700 www.afilias.info Domain registrations

202 THE HAMMOND LANE METAL COMPANY, LTD

68.84 65 Dublin 01 6675335 N/A Metal & steel

203 J2 GLOBAL IRL 68.80 76 Dublin N/A www.j2global.com Cloud Computing

204 ABBOTT LABORATORIES IRELAND

68.22 77 Dublin 01 8468700 www.abbott.com Pharmaceutical Preparations

205 DIGITAL RIVER IRELAND

65.47 102 Shannon N/A www.digitalriver.com Fintech

206 SULZER PUMP SOLUTIONS IRELAND LIMITED

63.59 254 Wexford N/A www.sulzerpumps.com Pump Manufacturer

207 MOLEX IRELAND LTD 63.05 374 Kilrush 061 702400 www.molex.com Electrical machinery, equip. & s

208 BARCLAY CHEMICALS (HOLDINGS) LTD

62.37 61 Dublin 01 8912900 www.barclay.ie Agrochemicals

209 ELECTRICAL & PUMP SERVICES LTD

62.24 323 Cork 022 31200 www.epsireland.com Pumps & pumping equipment

210 RANBAXY IRELAND LTD

60.38 108 Tipperary 062 61206 www.ranbaxy.com Pharmaceuticals

3736


Company Name

€mExports


234 BORD NA MONA 50.00 2,044 Newbridge 045 439000 www.bordnamona.ie Energy

235 AMAYA GAMING 50.00 345 Dublin 01 6641683 www.amayagaming.com Internet gaming software

236 ALCAN PACKAGING DUBLIN LTD

50.00 N/A Dublin 01 8081000 http://www.alcan.com Packing & crating

237 HUAWEI TECHNOLOGIES

49.40 32 Dublin 01 2343100 www.huawei.com Technology Solutions

238 ATHLONE EXTRUSIONS

49.38 139 Westmeath 0906 492679 www.athloneextrusions.ie Plastic Products

239 COGNEX LTD 49.22 N/A Cork 021 4217500 www.cognex.com Electronics Manufacturers

240 FERRERO IRELAND LTD

49.08 237 Cork 021 4917600 www.ferrero.com Chocolate & cocoa products

241 SANOFI AVENTIS 47.09 44 Dublin 01 4035600 www.sanofi-aventis.com Pharmaceutical preparations

242 SIGMA ALDRICH IRL 44.14 93 Arklow 0402 20370 www.sigmaaldrich.com Pharmaceutical preparations

243 AMT-SYBEX GROUP LTD

43.60 257 Foxrock 01 2958988 www.amt-sybex.com Computer peripheral equipment

244 LOTUS AUTOMATION (IRL)

43.45 415 Sligo 071 9169783 www.lotusautomation.com Industrial Automation

245 RICHARD KEENAN HOLDINGS LTD

42.00 230 Carlow 059 9771200 www.keenansystems.com Farm machinery & equipment

246 DIALOGIC DISTRIBUTION LTD

41.52 14 Saggart 01 6309000 www.dialogic.com Software

247 VOLEX EUROPE LTD 41.24 12 Castlebar 094 23444 www.volex.com Tele-communications

248 AUTOLAUNCH LTD 40.21 261 Carlow 049 84195109 www.autolaunch.ie Manufacturers

249 LARGO FOODS 40.00 800 Ashbourne 01 8350611 www.tayto.ie Food preparations

250 MASONITE 40.00 150 Carrick 0n Shannon

071 9659500 www.masonite.com Door Manufacturers

TOP 250 EXPORTERS

Join the Irish Exporters Association todayWith membership starting from only €410 + VAT

The Irish Exporters Association is the premier organisationsupporting those trading internationally.

For over 60 years, the IEA has been assisting companies in managing their global export a�airs e�ectively and e�ciently.

The Irish Exporters Association can help your company in three key ways:

1. ConnectivityIntroducing your company to relevant key contacts in overseas markets, providing connections to other Irish Exporters and linking your company to dedicated service providers who support Ireland’s exporting community.

2. KnowledgeOn matters relating to export compliance, while improving your company’s export excellence through a range of seminars and briefings. Dedicated customs training for your sta� at reduced member rates.

3. VoiceLobbying e�ectively for your business and promoting Ireland as a competitive trade location. Liaising with Government, policy makers, key stakeholders, on your behalf to solve queries and issues which a�ect export activity.

Take advantage of the range of market and industry subgroups within the IEA Asia Trade ForumAfrica Trade ForumLatin America Trade ForumiCham Central CEE

Life Sciences IrelandFood & DrinkICT, Services & ManufacturingLogistics & Supply Chain

Arrange a meeting with the Membership Development Manager to understand how your company can grow sales in international markets and reduce costs associated with export trade.

Join today by completing the online registration form atwww.irishexporters.ie

Contact the IEA on (01) 6629069 or email [email protected]

3938 TOP 250 EXPORTERS

SECTION 2:ANALYSIS OF FOOD & DRINK SECTOR

‘Food and drink manufacturing is the most important indigenous industry in Ireland...’

Food and drink manufacturing is the most important indigenous industry in Ireland employing over 50,000 directly and 180,000 indirectly in farming and support industries. The sector accounted for 7.2% of Ireland’s gross value added (GVA), 12.3% of Ireland’s total exports and 8.8% of total employment in 2014. Of the €26bn annually generated by the sector, 40% (€10.5bn) is exported to over 120 countries worldwide. The rest meets the majority of Ireland’s grocery and food service requirements. The UK remains our biggest export partner (40%), which makes Ireland its largest supplier of food and drink. A further 31% of exports are to the rest of Europe, with the remaining 29% spread across the rest of the globe.

Food and drink-related exports now total €10.5bn with strong growth in the dairy and beef categories having driven a 10% per annum increase over the past five years. Meat and livestock exports continue to account for roughly a third of all exports, while dairy products and ingredients, including infant formula, make up a further 30%. These traditional export categories have more recently been augmented with an increasing number of “craft” and “home baked/brewed” offerings, enhancing Ireland’s reputation for taste and quality.

The prepared consumer foods (PCF) sub-sector, which encompasses all companies that process primary products into baked goods, snacks, confectionary, ready meals, cooked meats, chilled foods and ambient food products is important to the Irish economy. More than 500 manufacturing units spread across the country directly employ almost 21,000 workers and generate goods worth almost €4.1bn, over half of which (€2.2bn) is exported. PCF exports have increased by 25% since 2009 and were up 7% in 2014. While larger companies such as Kerry, Aryzta, Glanbia, Dawn Farm, Green Isle, Largo Foods, Kepak and Valeo Foods account for 50% of the sector’s output, in general, PCF companies tend to be small. Over three quarters of PCF businesses employ less than 50 people. In markets where innovation, quality, brand and customer focus are key, the Irish PCF sector is seen as an enabler for the primary producers to add value and generate sales in export markets.

The growth of agri-food and drink exports has surpassed Government expectations. The current Food Harvest 2020 export target of €12bn by the end of 2020, which was set in mid-2010, is well on the way to being surpassed with the €10.5bn mark hit in 2014. As such, a new national strategy - Food Harvest 2020-2025 - is currently be prepared with the

TOP 250 EXPORTERS

4140

SECTION 3:ANALYSIS OF PHARMA (LIFE SCIENCES) SECTOR


Over the past 15 years, the life sciences sector has developed into one of the core contributors to the Irish economy. The sector can be broken down into a number of sub-sectors, characterised by different end products and different technologies both with different regulatory regimes that have to be adhered to and different economic dynamics. The two main divisions are pharmaceuticals and medical devices. The former encompasses a wide range of medicinal products ingested, inhaled, administered topically, etc., the latter a wide category ranging from regulated guide-wires and catheters used in internal surgical procedures to defibrillators and walking frames. Currently approximately 120 companies have plants in Ireland including 9 of the 10 largest pharmaceutical companies in the world.

Similar to 2013, Chemical and related products accounted for 58% of total goods exported froim Ireland in 2014 (i.e. €50.42bn out of €86.89bn). The overall sector has seen exports slip 8.4% from the €56.03bn exported in 2010, when it also accounted for 60% of total goods. In export terms, the pharmaceutical sector is split into two categories, organic chemicals (SITC code 51) and medical and pharmaceutical products (SITC code 54). The former broadly consists of active pharmaceutical ingredients or bulk chemicals while the latter is tableted or bottled pharmaceuticals for final use. Within sub-categories across all exports, medical and pharmaceutical products exports increased 5% to €22.2bn following a 12% decrease in 2013 while organic chemicals decreased 2% to €18.1bn following a 9% decrease in 2013.

The pharmaceutical industry has been a stellar contributor to the growth in goods exported from Ireland this century. Having started the century generating €22.21bn in exports and accounting for 26.5% of total good exported, the sector peaked in 2010 at €46.36bn and a 50.8% contribution to goods exported, although subsequent years have recorded declines. Over the past 20 years, Ireland has become a centre for drug manufacture. Large US corporations were attracted to the country as it was within the EU with an English-speaking, well-educated population and attractive business conditions. As such, by 2005, eight of the ten top selling drugs were manufactured in Ireland. In 2011, Ireland was home to nine out of the top ten pharma/biotech companies in the world. Ireland’s pharmaceutical sector accounted for 7.8% of the world pharmaceutical market in 2005. Although this slipped to 7.2% in 2012, Ireland is still the fifth largest exporter of pharmaceuticals in the world.

Life sciences a core contributor to Irish exports

SECTION 2: ANALYSIS OF FOOD & DRINK SECTOR

aim of ensuring that the agri-food sector maximises its contribution to overall economic growth, job creation and environmental sustainability. It is looking to build on the strong progress achieved under Food Harvest 2020.

Growth in the sector is not without its challenges. A current issue is the balancing of milk supply and demand after the abolition of the EC milk quotas. As the 19th largest milk/milk product export country, accounting for less than 0.9% of the global total, Ireland is a price taker. With world production ramping up in anticipation of increased demand from Eastern Asian markets, including China, the global price has fallen 64% since February 2014 to the lowest since August 2009. This is over a period when input costs have continued to rise. While this provides challenges to the Irish dairy-based industries it also provides opportunities. Given the largely grass-based production system, Ireland boasts one of the lowest cost of production models, giving it a strong advantage over its larger export competitors.

The deflationary environment in the retail sector has provided a challenge to food and drink manufacturers over the past 18 months. Through the 2008/09 financial crisis consumers reduced their spending on food/drink, actively shopping for lower prices without compromise on quality. While overall economic conditions have subsequently improved, consumers have remained frugal, having learnt that goods at lower prices do not necessarily mean reduced quality. This move to low cost quality products and a general reduction in waste has hit supermarket margins. They have been further exacerbated by the growth of discounters. This has led to intense price wars between supermarket chains for market share, which is squeezing agri-food and drink sector margins. The recent announcement of further retail price cuts from both Morrisons and Sainsbury shows that this challenge still has some time to run.

Categories driving export growth in 2014 (% of export growth)

Prepared foods 36%

Meat 25%

Dairy 23%

Seafood 12%

Beverages 2%

Hort & Cereals 2%

Source: Bord Bia

Ian Hunter Equity Analyst, Investec Bank

Prepared Foods36%

Meat25%

Dairy23%

Seafood12%

Beverages2%

Hort & Cereals2%



MEDICAL DEVICES SECTOR CONTINUES TO GROWThe other success story in the Irish life sciences industry has been the growth of the medical devices sector. As with their pharmaceutical counterparts, the large US medical device companies were attracted to Ireland as a manufacturing base because of its educated, English-speaking work force, its position within the EU and an advantageous business environment. To a greater extent than the pharmaceutical industry, however, this provided the stimulus for home-grown businesses to develop, with currently 250 MedTech companies working in Ireland. That said, multi-nationals dominate the business, accounting for 80% of companies operating in Ireland. 97% of those employed in the medical devices industry also work for non-Irish businesses, according to Forfas

Ireland currently hosts a leading cluster of MedTech industries in Europe with nine of the top ten global MedTech companies having set up a significant manufacturing base in the country. The sector has developed over the past 20 years into one employing the highest per capita number of medical technology personnel (25,000) in Europe. Currently, MedTech exports goods to the value of €7.2bn which represents 8.3% of Ireland’s total merchandise exports. Again, unlike the pharmaceutical industry, over half of MedTech companies have a dedicated R&D function. As an example of successful innovation, the world’s market leading drug-eluting stent was developed and commercialised in Ireland. In other fields, 50% of ventilators used in acute hospitals worldwide are manufactured in Ireland and 33% of contact lenses used globally are made in Ireland.

Medical device exports have proven to be robust over the past six years in the face of the global economic crisis. In some way this reflects the essential nature of the products being produced and the defensive nature of the sector. Health, along with food described elsewhere in this booklet, remains a priority whatever the prevailing economic conditions. After experiencing a 10% decline in export value between 2005 and 2007, medical devices exports have increased at a compound annual growth rate of 14.1% over the subsequent six years, from €3.9bn to €7.2bn. Indeed, where the pharmaceutical sector experienced a dip in export value in 2011 and 2012, the medical devices sector has continued to grow though the two years and out into 2013.

Both sectors, combined, remain major contributors to Ireland’s export profile and will continue to do so in the years to come. Where the loss of patents may be a short-term threat to Irish pharmaceutical exports, the industry’s continuous efforts to replace old drugs with new more effective treatments, Ireland’s move up the value chain and a strong medical devices sector augur well for the future.

Ian Hunter Equity Analyst, Investec Bank

Notably, over the past 12 years Ireland’s pharmaceutical industry has moved up the value chain. Where the export of bulk ingredients has remained relatively stable, the export of finished product grew from €5.31bn in 2000 to peak at €26.39bn in 2011.

DRUGS COMING OFF-PATENT HAS DENTED EXPORT GROWTHBlockbuster drugs started to go off-patent in 2002 with Augmentin showing that generic substitution can dramatically impact sales within a three-month period. Price sensitive patients, particularly in the US, quickly substitute an expensive branded drug with a cheap generic. The “patent cliff” has seen a range of blockbuster drugs go generic over the first decade of the 21st century. The biggest wave of drug patent expiries started in 2010 and is continuing through to 2015. Some of the biggest blockbuster drugs in history lost patent protection in 2011, 2012 and 2013 including Lipitor, Plavix and Oxycodone. Nexium, Cymbalta and Symbicort are the three biggest drugs coming off patent in 2014. In 2011, Ireland manufactured in part or full, six of the top ten blockbuster drugs coming off patent between 2011 and 2016.

NOT A LARGE SOURCE OF EMPLOYMENTDespite being such a large contributor to Ireland’s exports, the pharmaceutical industry is not a large source of employment. Direct employment in the broad pharmaceutical manufacturing sector is considerably lower than its share in exports. Quarterly national household survey data showed an average of 36,800 employees in the sector in early 2013. Despite the above discussed slippage in export values and the threat over the past decade from patent-loss in blockbuster drugs manufactured in Ireland, both absolute numbers and share of those employed has remained relatively stable. The industry currently only accounts for c.2% of economy-wide employment

MOVING UP THE VALUE CHAIN The Irish pharmaceutical industry remains strongly manufacturing-focussed. Multi-nationals have established production bases in the country with little to no R&D capability. Traditionally they have invested very little in drug discovery in Ireland. The situation has improved over the past three years with significant input from companies such as Wyeth (acquired by Pfizer) into biotech research facilities. Although the on-going loss of patents is a concern, there is the potential for Ireland to broaden its pharmaceutical offering into drug discovery. It has the educated population to fuel such development and with a growing reputation as multi-nationals gain traction in the field in Ireland, this could prove an area of opportunity going forward.

Although drugs coming off patent could prove a short-term threat to the value of exports, not only are the pharma companies developing new drugs to replace those lost to generic competition but Ireland’s move up the value chain (a greater proportion of exports in completed products and increased R&D spend) augurs well for the continued health of the sector.

TOP 250 EXPORTERS


4544

SECTION 4:ANALYSIS OF THE IFSC SECTOR


in the sector has risen in each year since 2010. Government and associated agencies have been instrumental to the sector’s growth with policy initiatives emanating from the Department of Finance, the Department of Jobs, Enterprise and Innovation as well as other Government departments and associated agencies like IDA Ireland and Enterprise Ireland. There has been a 46 per cent increase in the number of agency-supported IFS companies over the 2004-2014 period. Additionally, the Clearing House Group which is chaired by the Department of the Taoiseach has also played a vital role in the sector’s development.

The spectrum of IFS activities carried out here has begun to widen considerably and now also includes fintech, asset servicing, and payment service activities. For example, the Government notes, in its IFS2020 strategy, that it wishes to establish Ireland’s credentials as one of the best countries in the world to set up and scale a fintech business – indeed, the recent €115m disposal of the Irish company, Realex Payments, to the US-based Global Payments is a prime example of the success that domestic firms have had in this arena. Furthermore, the asset servicing business has grown considerably in recent years, primarily in response to loan asset servicing requirements. A further area in which Ireland has carved out a particular niche is the listing of debt products. For example, the Irish Stock Exchange is widely recognised as one of the world’s leading exchanges for the listing of specialist debt products. Over 3,000 debt products are currently listed and the growth in the numbers seeking to list continues unabated.

FURTHER EXPANSION OF THE IRISH IFS SECTOR IS ON THE HORIZONThe Irish IFS sector is, without doubt, set for continued rapid growth. Ireland’s attractions in this regard include the location advantage, the competitive corporate tax rate, the well-educated English-speaking workforce, and the robust legal and regulatory framework. Indeed, the Government published IFS2020, its strategy for the sector in March 2015 which envisages the creation of 10,000 further jobs in the sector by 2020. Interestingly, the new strategy seeks to enhance those factors underpinning Ireland as a location of choice for IFS activities – for example, investment in skills and education, development of the Strategic Development Zone (SDZ) as a pivotal location for clustering Dublin-based IFS companies, regulatory framework enhancement, and negotiation of new double taxation treaties. Government is also seeking to bolster research and development activity, promote new growth areas opening up funding opportunities, forge partnerships to promote fintech activities, and develop new markets like securitisation and business process outsourcing.


THE IRISH IFS SECTOR HAS EXPANDED SUBSTANTIALLY BEYOND ITS ROOTS IN DUBLIN’S DOCKLANDSIFS activities commenced in earnest following Government action to spawn the development of an international financial services industry in 1987, leading to the establishment of the IFSC in that year. The IFS sector has now grown to become a material contributor to Irish economic performance and is an important factor in the context of the 3.3% current account surplus. Indeed, the sector now employs 35,000 persons directly and supports many further indirect jobs. The breadth of international financial services activities carried out in Ireland has widened significantly in recent years and it is no longer appropriate to discuss IFS in terms of just the Dublin docklands, the sector’s traditional focal point. The geographic location of IFS employers is now well dispersed nationally with 12,000, or more than 30 per cent, of those employed by IFS firms situated outside of Dublin. The firms active in the space include both domestic and foreign-owned firms. The importance of the foreign players is well documented – for example, the Central Bank of Ireland notes in its latest Macro-Financial Review that foreign-owned banks located in Ireland offer an additional source of credit and employment to the Irish economy, thereby playing an important role in the Irish banking sector. However, it is important to note that more than a quarter of IFS workers are employed by indigenous firms.

The traditional activities undertaken by IFS companies are fund administration, investment and asset management, banking, aircraft leasing and aviation finance, and insurance and reinsurance activities. To illustrate the importance of some of these sub-sectors, it is noteworthy that Ireland is home to over 200 foreign-owned IFS firms, the value of investment funds domiciled or administered in Ireland is now €3.2 trillion and 13,000 are employed in that space, and Ireland is the global epicentre for aviation finance with 50% of the world’s leased commercial aircraft owned or managed from Ireland.

THE IRISH IFS SECTOR HAS ACHIEVED STELLAR GROWTHIreland is a well-recognised competitive location for IFS companies, which has ensured the continued strong flow of international investment in recent years. For example, the job count increased from just over 20,000 in 2004 to 35,000 in 2014 – and employment

Continued strengthening in Irish International Financial Services sector supportive of expanding investment activity and continued economic growth

4746

Company Name

€mSales

€mPBT

Web Line of Business

Sector

1 HANNOVER RE (IRELAND) 1,909.81 86.88 www.hannoverlifere.com Reinsurance Financial Services

2 Aareal Bank AG 1,651.00 436.00 www.aareal-bank.com Banking Financial Services

3 Citibank Europe PLC 1,583.67 692.82 www.citi.com Fund Management Financial Services

4 Depfa Bank 1,249.00 -20.00 www.depfa.com Banking Financial Services

5 Canada Life International Re 1,218.00 138.00 www.canadalifere.com Reinsurance Financial Services

6 The Lawrence Life Assurance Co

950.51 13.33 www.lawrencelife.com Insurance Financial Services

7 Unicredit Bank Ireland Plc 706.58 84.67 www.unicredito.ie Banking Financial Services

8 ABN AMRO Retained Custodial Services

684.80 -11.78 www.abamro.ie Banking Financial Services

9 Allianz RE Dublin 588.89 139.41 www.allianz.com Reinsurance Financial Services

10 Aegon Ireland Plc 582.76 -0.03 www.aegon.ie Investment Services Financial Services

11 UBS International Life 564.85 21.43 n/a Insurance Financial Services

12 Monte Paschi Ireland Ltd 555.08 43.54 n/a Treasury Services Financial Services

13 Goldman Sachs Ireland Group

539.34 -2.25 www.goldmansachs.com Banking Financial Services

14 De Lage Landen Ireland 508.56 85.19 www.delagelanden.com Insurance Financial Services

15 CIT Aerospace International 492.02 9.58 www.cit.com Finance & Leasing Financial Services

16 Axa Life Europe 488.51 21.13 www.axa.com Insurance Financial Services

17 Fideuram Asset Management

454.28 234.10 www.fideuramireland.ie/en Fund Management Financial Services

18 SEB Life International 408.15 17.36 www.seb.ie/sebweb/ Insurance Financial Services

19 Atradius Reinsurance Ltd 383.20 19.82 www.atradius.com Reinsurance Financial Services

20 Intesa SanPaolo Bank Ireland

334.18 93.63 www.intesasanpaolo.com Banking Financial Services

21 EAA Covered Bond Bank 234.86 -3.46 n/a Banking Financial Services

22 BNY Mellon Securities Services (Irl)

209.25 49.32 www.bnymellon.com Banking Financial Services

23 Wells Fargo Bank International

207.41 95.76 www.wellsfargo.com Asset Management Financial Services

24 Scor International Reinsurance Ireland

197.65 131.64 www.scor.com Reinsurance Financial Services

25 Belfius Ireland 155.63 -48.74 www.belfius.com Banking Financial Services

The IFSC Top 50 Companies




IFS SECTOR GROWTH WILL STIMULATE ECONOMIC EXPANSION AND FURTHER INVESTMENT ACTIVITYThe continued surge in investment into the IFS space will be supportive of wider economic growth in terms of both employment creation and tax revenues – both in terms of jobs and tax revenues created as the commercial real estate requirements to support the further development of the industry are fulfilled and when the companies concerned actually commence or bulk up operations. As a case in point, the establishment of the SDZ as a hub for the IFS sector in Dublin will facilitate job creation in both the development phase as well as spurring increased investment activity among property players. In this context we expect that the Irish REITs are well placed to take advantage of investment opportunities as NAMA looks to enter into strategic partnerships to develop sites in this zone. The provision of office space in Dublin both inside and outside the SDZ will be complemented by a property investment programme through IDA Ireland to build advanced office space in regional locations. These investment initiatives will promote construction employment and transaction activity.

John CroninResearch Analyst, Investec

‘Ireland is a well-recognised competitive location for IFS companies, which has ensured the continued strong flow of international investment in recent years.’

4948

1 HANNOVER RE (IRELAND) Hannover Re (Ireland) was set up in 1999 in Dublin 1. With a gross premium of

around €14 billion, its parent company Hannover Re is the third largest reinsurer in the world, transacting in all lines of non-life and life and health reinsurance. Present on all continents, it employs around 2,400 staff in total. Hannover Re, with a gross premium of around €14 billion, is the third largest reinsurer in the world. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor’s AA – ‘very strong’ and AM Best A+ ‘superior’).

2 AAREAL BANK AG AAREAL BANK AG focuses on doing business with customers from the commercial

property sector and the housing industry. As part of their three-continent strategy, they are active in Europe, North America and Asia. They offer financing, consulting and services. They support their national and international customers as financing partner and service provider.

3 CITIBANK EUROPE PLC Citibank Europe plc is one of the largest employers in the IFSC with around 2,500

in Dublin. The company is the largest employer in the IFSC (International Financial Services Centre). Citi celebrates its 50th anniversary in 2015. Citibank Europe plc provides various financial products and services to individuals, corporations and small and medium-sized enterprises worldwide. It offers current and savings accounts, term deposits, money market funds, mutual funds, bonds and structured investment products, and wealth management services.

4 DEPFA BANK Depfa Bank is a subsidiary of a subsidiary of Germany’s Hypo Real Estate. It

is a Dublin-based bank incorporated under Irish law that grew a network of international subsidiaries and branch offices. Since 2014 it is a 100 per cent subsidiary of FMS-Wertmanagement. The company employs 160 staff in Dublin.

Profiles of the Top 10 IFSC Companies




Company Name

€mSales

€mPBT

Web Line of Business

Sector

26 Scotiabank (Ireland) Ltd 154.74 91.29 www.scotiabank.com Banking Financial Services

27 Susquehanna International Group Ltd

131.07 36.55 www.sig.com Financial Trading Financial Services

28 Cattolica Life Ltd 123.68 2.58 www.cattolicalife.ie Insurance Financial Services

29 Baring International Fund Managers

123.65 3.27 www.barings.com Fund Management Financial Services

30 Sumitomo Mitsui Finance Dublin

114.37 2.76 n/a Banking Financial Services

31 Citco Bank Nederland 111.20 -9.00 www.citco.com Banking Financial Services

32 Titan Series Holdings Ltd 104.22 0.01 n/a Mortgage Finance Financial Services

33 ALD RE Ltd 99.15 26.15 www.aldautomotive.com Reinsurance Financial Services

34 Veneto Ireland Financial Services

98.55 70.57 n/a Banking Financial Services

35 J P Morgan Bank (Ireland) PLC

92.32 12.97 www.jpmorgan.com Banking Financial Services

36 Iberdrola Finance Ireland Ltd 89.25 0.72 n/a Banking Financial Services

37 Prime Edge Capital PLC 86.89 0.00 n/a Fund Management Financial Services

38 Helaba Asset Services 83.36 2.43 www.helaba.ie Banking Financial Services

39 Bank of Montreal Ireland 71.51 19.22 www.bmocm.com Banking Financial Services

40 Espirito Santo PLC 64.82 24.15 www.esinvestment.com Investment Bank Financial Services

41 Caterpillar International Finance

59.88 9.80 n/a Finance Financial Services

42 Abbey International Finance 57.02 13.41 n/a Finance & Leasing Financial Services

43 Inora Life Ltd 56.79 -1.07 n/a Insurance Financial Services

44 WGZ Bank Ireland Plc 54.90 33.69 www.wgzbank.ie Banking Financial Services

45 Porsche International Financing PLC

47.18 1.33 www.porsche.de Treasury Services Financial Services

46 Securitas Treasury Ireland 41.06 36.81 n/a Treasury Services Financial Services

47 BNY Mellon Investment Servicing

37.19 -4.05 www.bnymellon.com Banking Financial Services

48 DZ Bank Ireland PLC 34.70 -12.12 www.dzbank.ie Banking Financial Services

49 BPV Finance (international) PLC

28.75 24.35 n/a Financial Trading Financial Services

50 Rayo Finance Ireland 26.99 0.00 n/a Banking Financial Services


8 ABN AMRO RETAINED CUSTODIAL SERVICES ABN AMRO Retained Custodial Services was set up in Sep 2003 in Dublin 2. They are

a leading player in Dutch retail, private, commercial and merchant banking. They have strong foundations in the Netherlands complemented by the expertise and infrastructure to serve clients’ at home and their businesses abroad. They are an International player in focused activities where the bank has a proven track record (Private Banking, BCC1 and ECT2).

9 ALLIANZ RE DUBLIN Allianz RE Dublin is part of Allianz RE, Allianz Group’s reinsurer, headquartered in

Munich and with further local teams in Asia Pacific (Singapore and Labuan), Dublin and Switzerland. Allianz Re Dublin Limited relocated from the IFSC to its current offices at Allianz House, Elmpark on in 2014 and shares a campus with Allianz Ireland, Allianz Global Life, AMOS Ireland, Euler Hermes and Darta Saving Life Assurance Limited. They have an Underwriting Team with extensive international reinsurance experience which develops reinsurance solutions in personal lines, commercial and industrial lines as well as specialty businesses in some of the largest insurance markets. In addition, the Dublin provides services in the field of reinsurance run-off administration and hosts the Security Vetting Team (SVT) of the Allianz Group. The SVT is responsible for the assessment of the Allianz Group’s reinsurer counterparty credit risk.

10 AEGON IRELAND PLC Aegon Ireland PlC opened their doors in 2002 and have been helping people

prepare for their financial future ever since, with a wide range of innovative investment solutions – including the manufacture of guaranteed propositions in the UK, Germany and France – as well as traditional offshore bonds. Today, they manage approximately £4 billion of funds for nearly 20,000 customers. Part of the Aegon Group, an international provider of life insurance, pensions and asset management, Aegon has businesses in over 20 countries around the world and around two million customers in the UK alone. Working directly with these customers, employers and advisers.



5 CANADA LIFE INTERNATIONAL RE Canada Life International Re is a division of Canada Life Assurance Company and

is the European headquarters of Canada Life’s international reinsurance business. Canada Life is part of Great-West Life, one of the world’s leading life assurance companies, with interests in the life and health insurance, investment, savings and retirement income and reinsurance businesses, primarily in Canada and Europe. Great-West Life was founded in 1891 and has its headquarters in Winnipeg, Manitoba, Canada. In February 2013 Great-West Lifeco agreed to buy Irish Life from the Irish Government in a €1.3 billion deal. Irish Life is Ireland’s biggest life and pension provider and following the completion of the deal, the life and pensions operations of Irish Life and Canada Life in Ireland will come together as one combined business, which will operate under the Irish Life brand name.

6 THE LAWRENCE LIFE ASSURANCE CO The Lawrence Life Assurance Company Ltd is an Irish subsidiary of Unipol group

based in Italy. The Lawrence Life develops unit-linked life assurance products for sale through distribution channels throughout the European Community on a freedom of service basis. The products are tailor made in order to satisfy the policyholders needs. They aim to work with intermediaries such as banks and broker organisations, authorised to distribute insurance products in their own country, compatible with the freedom of service framework. The company designs life assurance wrappings over financial products or managed accounts.

The Lawrence Life Assurance Company Ltd is authorised and regulated by the Central Bank of Ireland.

7 UNICREDIT BANK IRELAND PLC UniCredit Bank Ireland PLC is a wholly owned subsidiary of Italian banking group

UniCredit SpA, which has a total of over 130,000 employees and more than 7,000 branches internationally. The Dublin operation’s principal business areas are credit and structured finance (loans, bonds, securitisations, other forms of asset financing), treasury activities (money market, repos, eonia and other interest rate swaps, foreign exchange, futures), issue of certificates of deposit and structured notes.

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GENERAL M&A ACTIVITY There has been a significant increase in the value and volume of Irish activity over the past 18 months. The increase was particularly noticeable in the level of inbound M&A activity – international trade players and private equity funds investing in and buying Irish companies. M&A activity involving Irish targets increased 37% by volume in 2014 compared to 2013, with a strong focus in technology, pharmaceutical, medical and biotech and real estate. The general level of M&A activity in the small and medium-sized enterprise (SME) space, which accounts for the majority of Irish companies, was also significantly higher. The number of deals under €100m and in the €100m to €500m range increased by c.80% and c.45% respectively in 2014 compared to 2013. The level of activity has remained consistent at these increased levels in the first half of 2015.

The increase in inbound M&A activity has been driven by a number of factors. There is continued upward momentum in the Irish economy. Funding, both debt and equity, is more readily available. The emergence of alternative debt finance providers, such as Bluebay Asset Management and Broadhaven Credit Partners has increased buyers’ funding options. On the equity side, there is a significant amount of private equity “dry powder” or unspent capital. The newly formed domestic private equity funds, including Carlyle Cardinal Ireland and MML Growth Partners Ireland, plus the Irish Strategic Investment Fund, has significantly increased the level of Irish focused capital. The depreciation of the euro, particularly against the US dollar, has also increased the level of inbound interest.

PRIVATE EQUITY ACTIVITYThe level of private equity interest in Ireland has been particularly strong. A total of 36 private equity transactions were completed in 2014, representing €3.9bn of the disclosed deal value of €10.7bn and a very notable increase on the 8 deals reported in 2013. The largest transactions in this category included the acquisitions of Skillsoft by Charterhouse Capital and Milestone Aviation by JZ Capital each for a reported €1.4bn. Other notable transactions included the acquisition of CarTrawler for €450m by BC Partners and Insight Ventures, KKR’s acquisition of LCI Helicopters for €77m and the €24m investment in Advanced Manufacturing Control Systems by Highland Capital. The Irish based funds were also active in 2014. Carlyle Cardinal Ireland invested in General Secure Logistics Services and Lily O’Brien’s and MML invested in Lowe Refrigeration.

Private Equity Interest in Ireland

The strong trend continued in 2015. The largest transaction was the acquisition of Jurys Inns Group Limited by Lone Star for €911m. The Irish funds have continued to be active. Cardinal Carlyle Ireland acquired a majority stake in Payzone Ireland and MML invested in IdentiGen. Cardinal Carlyle Ireland also invested in Carroll Cuisine, backing a management buy-out of the company from Aryzta AG. The Irish Strategic Investment Fund completed its first investment, taking a €50m stake in Malin Corporation’s initial public offering.

FUTURE PRIVATE EQUITY INVESTMENT OUTLOOKThe outlook for private equity investment is strong, both globally and in Ireland. On a global basis, there are record levels of private equity dry powder. In addition the Irish private equity funds have significant funds to be deployed. In this environment, private equity interest in Irish companies is expected to continue to be extremely robust, particularly for companies with strong growth potential.

ESTIMATED GLOBAL PRIVATE EQUITY DRY POWDER BY FUND TYPE December 2003 – June 2015

0

200

400

600

800

1000

1200

1400

OTHER

DEC 2003

DEC 2004

DEC 2005

DEC 2006

DEC 2007

DEC 2008

DEC 2009

DEC 2010

DEC 2011

DEC 2012

DEC 2013

DEC 2014

DEC 2015

VENTURE CAPITALREAL ESTATEMEZZANINEGROWTHDISTRESS PRIVATE EQUITY

BUYOUT

DRYPOWDER

($BN)

SOURCE: PREQIN PERFORMANCE ANALYST

SECTION 5:INVESTEC REVIEW



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PRIVATE EQUITY INTEREST IN DOMESTIC VERSUS EXPORT COMPANIESGiven the size of the Irish market, Irish companies often look to internationalise their businesses at an early stage. This is particularly the case for Irish technology companies, which by their nature may provide products/services that are not physically limited by geographical borders. There are also Irish businesses that are based in Ireland, but virtually all of their customers are overseas. The aircraft leasing sector is a good example and there has recently been a significant amount of international interest in a number of Dublin based companies. It is clear Irish companies with an international footprint and greater growth potential can attract more private equity interest and trade at higher valuations.

PRIVATE EQUITY INTEREST IN SMES SME business owners often believe that either they do not qualify for private equity investment or are uncertain as to how to go about securing it. While certain private equity funds focus on large companies, there are a number of funds that operate specifically in the SME space. Although these funds have a minimum investment size, an SME may meet the relevant criteria if it can demonstrate clear and tangible growth potential. It should be noted that the growth may involve acquiring another business, which could be part funded by the incoming private equity investor. Private equity firms are also dipping below their usual minimum investment size in order to deploy capital.

There are clear advantages for growing exporting SMEs to consider private equity over other sources of capital. Banks may be more reluctant to support expansion into new untested geographical markets, particularly if the cash flows of the existing domestic business do not support an increase in debt. Any perceived risk of expanding into new markets may sit more naturally with an equity investor. Private equity investors can also bring additional non-capital advantages, such as overseas operating expertise and contacts in export markets. As such, exporting SMEs should re-consider what has to date been a timid approach to private equity.

WHERE IS THE PRIVATE EQUITY EXIT?It should be noted that private equity capital generally has a limited investment horizon, generally three to five years. Exits need to come through a sale of shares, either to a larger company, to another private equity firm (secondary buyout) or an initial public offering. In recent years there have been limited realizations by private equity buyers of Irish companies within the Irish market. The tendency has been to sell to an international player or to list overseas. It would be a welcome development to see Irish investee companies remain more Irish centric post private equity exit, possibly by listing on the Irish stock exchange. This could help create the next generation of leading global Irish companies.

Alan Mahon Director of Investec Corporate Finance

Central Banks rightly view very low inflation as problematic. When low inflation is falling, or there is a belief it will fall, a weak economy can become even more depressed. People may postpone spending, as they expect lower prices. Debtors find it more difficult to pay existing obligations, as repayments are higher in real terms (after-inflation). People may also be reluctant to take on new borrowing, for either consumption or investment. If prices are falling, sitting in cash becomes an attractive investment, even at a zero interest rate. That is a dangerous deflationary trap which we should worry about.

An unconventional monetary tool - Quantitative Easing (QE) - has been used as interest rates approached zero. Economic circumstances required lower interest rates, but Central Banks found themselves trapped with interest rates already at (or close to) zero.

When QE is instigated, Central Banks purchase (mostly) government securities, pushing up prices, lowering longer-term interest rates and increasing the money supply. A primary aim is to increase inflationary expectations. Higher asset prices also improve balance sheets. While the balance sheets of some consumers are boosted by these actions, deposit savers still have to endure very low interest rates.

At its January 2015 meeting, the ECB finally announced a large QE programme, becoming the latest major central bank to do so. The ECB will buy at least €60 billion worth of assets a month, until at least the autumn of 2016. Importantly it will continue buying until the Governing Council “sees a sustained adjustment on the path of inflation” consistent with its inflation target.

Already QE had already been used in both the US and the UK. Japan is currently engaged in its own extremely large programme which, as a percentage of the economy, is more than twice as large as that currently envisioned by the Europeans.

In buying longer term bonds, Central Banks signal that they expect (and intend) that interest rates will stay low for a very long time. Their aim is that this will encourage spending, risk-taking and investment. The Central Banks also make it clear they view current inflation as being too low. Critically they hope that their actions will result in a rise in inflationary expectations.

Too low an inflation rate will make a bad economic situation worse, especially when there are high levels of debt. The hoped-for reduction in high debt levels has not been realised.

Low Interest Rates and a Cashless Society?




5756

McKinsey Global Institute report1 that “after the 2008 financial crisis and the longest and deepest global recession since World War II, it was widely expected that the world’s economies would deleverage. It has not happened. Instead, debt continues to grow in nearly all countries, in both absolute terms and relative to GDP. Global debt levels have risen by $57 trillion since 2007 to $199 trillion.”

New approaches may be needed to deal with the accumulation of ever-higher debt levels and the many risks it poses. It is widely believed that Central Banks cannot cut interest rates much below zero, because savers have the opportunity to hold physical cash and avoid the negative interest rate penalty/tax.

Confronted by the difficulties of cutting interest rates below zero, the Fed and the Bank of England were both engaged in QE in 2009. Each Central Bank referred to practical and institutional reasons for not cutting interest rates below zero. There were fears that negative interest rates might result in Money Market Funds “breaking the buck” ( when investors lose money ) and cause difficulties for UK Building Societies. If the banks are charged when depositing with the Central Bank, most are reluctant to pass this cost on to their clients, for fear of losing the customer. So they absorb the cost, which makes them less profitable and might make them even less willing to lend – clearly not the intention.

In practical terms, negative interest rates could lead savers to “stuff their mattress with cash”. A zero return is better than a negative return; but holding large amounts of cash is not easy or costless and for large sums may be impractical. A king size mattress would be raised eight to nine feet with one billion worth of USD 100 dollar bills. As well as needing a ladder at bed time, the cost of security against fire and theft needs consideration. Spending some or all of a large amount of money will present costs and difficulties in both transportation and security.

The belief that interest rates cannot fall much below minus 0.50% is now being tested. In response to a flood of inward bound capital, both Switzerland and Denmark have cut interest rates to minus 0.75%. This is worth watching very closely. Does it mean that the markets and most economists are wrong about how deeply negative interest rates can become?

Some highly respected economists like Larry Summers, a former U.S. Treasury Secretary, believe there has been a “substantial decline in the equilibrium or natural real rate of interest” and that Central Banks may need to introduce deeply negative interest rates. Physical currency makes this difficult. The longer that interest rates remain negative (and the deeper the level), the greater the incentive for people to hoard physical cash; yet, in advanced economies, there is no technological reason that physical cash must exist. There is a growing body of academic works which address this. In “Costs and benefits

to phasing out paper currency”2 Kenneth Rogoff of Harvard University asks whether currency in paper form has outlived its usefulness. If there was no paper currency, Central Banks would be freer to apply negative interest more universally.

In Europe both money-market funds and the interbank market are operating smoothly with negative interest rates. In the US the Fed Chair Janet Yellen is now on record as saying that negative interest rates are something the Fed might consider in the future. The ECB is the first major Central Bank ever to introduce negative interest rates and it has also started a large QE programme. Across the globe most Central Banks are engaged in concerted effort to combat deflation through QE and/or ultra-low interest. Even with paper currency available, both Switzerland and Denmark are trying to deter currency inflows with “deeply” negative interest rates.

Interest rates look set to stay very low for a very long time. The introduction of negative interest rates is a new experiment and bears close attention. What we can say with near-certainty is that Central Banks are trying to create inflation and that years of low (if not negative) interest rates seem likely.

Paul Callan Investec Wealth & Investment

1 Debt and (not much) deleveraging. McKinsey Global Institute Report, February 2015. 2 NBER Macroeconomics Conference, April 2014.




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One of the defining characteristics of human nature is the tendency to get used to things the way they are and to believe they will go on that way indefinitely. So, while a year ago the market happily assumed prices would always be over 100 $/b, now “lower for longer” is fast becoming the new mantra of the industry. This applies to producers who are cutting back on CAPEX budgets just as it does to end users enjoying low prices and increasing their consumption.

We have seen a sharp move lower in oil prices again since the start of May as Saudi Arabia continue to increase supply to protect their market share, Iran looks set to start increasing production and supply following the lifting of sanctions, while China’s economy appears to be slowing. All of which are putting downward pressure on oil prices.

BRENT CRUDE – CHART 1 YEAR

The big question now is where do we go from here?

→ Are we at or close to a bottom in the present sell-off?

→ Or is this the start of another move lower – to the low 40s or maybe the 30s for oil?

Firstly, let’s forget the Brent front contract for a moment and look further down the curve as this tells us where oil producers can lock in the value of future production. You have to go out as far as December 2016 to find a future which is trading above 55 $/b. The cost

Oil - Lower for Longer

curve chart at the bottom shows the marginal cost of production for different sources of crude oil as a function of total daily production. World oil demand is estimated to be around 93 to 94 million barrels per day, and the marginal cost production type for that volume falls on North American Shale in the 55 to 80$/b area. The chart was produced earlier this year and as the industry has been brining costs down, they will now be lower than it suggests, but still forward prices point to a large proportion of world oil production being marginal or loss making based on the forward curve.

The International Energy Agency was quite clear in its latest report that low prices are stimulating demand and they expect this trend to continue. They also said low oil prices are stalling investment in oil production.

Now let’s consider market flows and positioning. The oil market this summer does have something of the feel of January this year to it. Trading volumes are lower than usual due to the holidays and for the same reason hedging demand is relatively light. Speculative players are short, and just as they did in January, are in an ideal position to chase the market lower. In addition the end of the summer demand peak for oil reduces physical demand for short dated oil.

Over the short term the Brent front contract can fall to much lower levels. There is a long term trend-line support at 42 $/b which is a key level to look out for, low from August this year. But the more important question for consumer hedgers is, taking a longer term view; can the long end of the curve really go very much lower?

BREAK EVEN OIL PRICES BY DIFFERENT OIL PLAYS

Alan Harrison Investec Corporate Institutional Treasury

0

20

40

60

80

100

120

08/08/2014

08/09/2014

08/10/2014

08/11/2014

08/12/2014

08/01/2015

08/02/2015

08/03/2015

08/04/2015

08/05/2015

08/06/2015

08/07/2015

08/08/2015

BRENT CRUDE - FRONT CONTRACT


0

0 10 20 30 40 50 60 70 80 90 100

20

40

60

80

100

120

TOTAL 2020 LIQUID PRODUCTION (MMBOEPD)

ULTRA DEEP WATER BREAK EVEN RANGE

AVERAGE GALP ENERGIA SANCTIONED PROJECTS BREAK EVEN

OIL SANDS:80

NORTH AMERICA SHALE: 61

EXTRA HEAVY OIL: 48

OFFSHORESHALLOW WATER: 36

ONSHOREMIDDLE EAST: 20

ONSHOREREST OF THE WORLD:54

ONSHORERUSSIA:54

DEEPWATER: 36 57



6160

Without doubt the combining forces of an ultra-accommodative ECB, diverging BoE and Fed monetary policies and the rolling Greek drama have been the main factors behind the almost vertical drop in the value of the single currency against the currencies (GBP & USD) of our two largest non-euro denominated trading partners. At the time of writing the euro has plunged in value by over 20% against the dollar and nearly 13% against the pound from their respective highs of $1.40 and £0.84 since the spring of 2014.

The global FX market is a fickle beast and moves of this magnitude are cyclical at best and fleeting at worst. Fortunately for the Irish export sector, with no small measure of gratitude to the ECB, it now seems that we are in the throes of a more resilient, cyclical move. It is therefore no coincidence that the current run of positive Irish export data ties in nicely with a relatively lengthy period of exceptionally low EUR exchange rates. Irish exporters to the UK and US have been able to take advantage of average rates of circa £0.72 and $1.10 for the last 6 months. A successful outcome for all involved I think you’ll agree?

But as the saying goes; ’success breeds complacency’ and it was August’s ructions in the global equity markets that served up a stark reminder of the pitfalls of complacency. For those of us long enough in the tooth to have witnessed and survived the 2007/2009 equity/commodity bloodbath, the often baffling correlations between the equity, commodity and FX markets during periods of extreme stress were a timely lesson in risk management. If one thing was made glaringly evident over that period it was that basic considerations surrounding economic fundamentals and/or political developments that had previously been driving FX market direction were thrown out with the baby and the bathwater as panic ensued.

With that very volatility in mind, it’s worth noting that the overriding FX theme during any period of equity negativity is the sharp exit of the larger, longer term speculative trade that happens to be de rigeur at that time. Back in the early 2000s the speculative FX community had built up a sizeable stake in the ‘Carry Trade’. The ‘Carry’ or yield hunting trade is when an investor/speculator sells or goes overdrawn a lower yielding (funding) currency in order to buy or ‘go in credit’ a higher yielding (Carry) currency. The investor/speculator is primarily hoping to gain on the interest rate differential with one eye on an advantageous FX move. The Japanese yen, Swiss franc and US dollar had been the favoured, stable, lower yielding/funding currencies while the Australian dollar,

NB: Keep one eye on the equity markets

New Zealand dollar, South African rand and Norwegian krone were some of the higher yielding (Carry) currencies at that time. The ‘Carry’ currencies are usually classified as ‘commodity’ or ‘emerging market’ currencies and are historically more volatile in nature. This type of trade tends to fare better in a stable/bullish, pro-risk environment but tends to unfold very brutally and rapidly in periods of heightened risk aversion as was the case during the global financial crisis of 2007/09.

In the intervening years the fast FX money has followed the slightly less risky path of Central Bank (CB) stimulus i.e. selling (shorting) the currency of the most accommodative CB at any given time. As such the short US dollar, short Japanese yen and now short euro (in that order) have been the respective FX trades du jour, in essence piggybacking the monstrous QE programmes of The Fed, Bank of Japan and more recently The ECB.

If one is curious as to what the current speculative FX bet is at this moment in time, all we need do is press the rewind button back to mid-August. With the Chinese situation becoming ever more precarious and as global risk aversion gathered pace, the standout FX move was the aggressive jump in the value of the single currency and in particular, the nearly 7% move higher in the benchmark euro/US dollar rate from just below $1.10 to just over $1.17 over those few shaky days. The short euro trade is leading the pack with a slightly staler and more fatigued short Japanese yen trailing in the speculative stakes.

As the equity markets have stabilised and pulled back from the precipice so too has the resurgent euro moved back closer to its pre-Chinese wobble levels, much in line with our core view. Most market participants are now putting the sharp equity sell-off down to a ‘timely correction’ after a ‘bends’ inducing ascent. It appears that we can now revert back to concerning ourselves with the more mundane issues of diverging monetary policies and imminent Greek elections but for those parties vested in a cheap euro, the last few weeks have been a proper wake-up call.

Justin Doyle Treasury, Investec




6362

The Top 50 Export Companies in Northern IrelandCompany Name

Export Sales

£m

Location Telephone NIRL Manager Line of Business

1 GLEN ELECTRIC LTD 845.18 Newry 028 30264621 Martin Naughton Domestic Heating Appliances

2 CATERPILLAR (NI) LTD 795.84 Larne 028 028261000 Robert Kennedy Manufacturers of Diesel Engines

3 MOY PARK LTD 750.00 Craigavon 028 38352233 Kenneth James Baird

Chicken farms

4 DUNBIA 650.00 Dungannon 028 87724777 Jim Dobson Meat Processors

5 BOMBARDIER AEROSPACE EUROPE

545.40 Belfast 028 90458444 Michael Ryan Aircraft engines & engine parts

6 AVENTAS MANUFACTURING GROUP

521.11 Enniskillen 028 67748866 Paul O Brien Holding Company

7 W & R BARNETT 488.05 Belfast 028 90325465 Robert Barnett Agri Business

8 SHS GROUP LTD 393.27 Newtownabbey 028 90868031 Richard Michael Howard

Food Distributors

9 NACCO MATERIALS HANDLING

386.34 Craigavon 028 25663600 Alan Little Forklift Manufacturers

10 ALMAC GROUP 341.60 Craigavon 028 383332200 Alan Armstrong Pharmaceuticals

11 AVX LTD 328.65 Coleraine 028 70342188 Martin McGuigan Electronic components

12 MICHELIN TYRE PLC 300.00 Ballymena 028 25663600 Wilton Crawford Tyre Manufacturers

13 FOYLE FOOD GROUP 298.76 Londonderry 028 71860691 Terry Acheson Meat Processors

14 NORTHSTONE NI 298.24 Belfast 028 90551200 Eamonn Sweeney Builders Materials

15 DALE FARM LTD 292.83 Belfast 028 90372237 David Dobbon Dairy products

16 B E AEROSPACE 290.00 Kilkeel 028 41762471 Neil Cairns Aircraft Seating Manufacturers

17 TEREX GB LTD 282.20 Dungannon 028 87740701 Kieran Hegarty Materials Handling Equipment

18 JOHN THOMPSON & SONS LTD 234.02 Belfast 028 90351321 Declan Billington Agri Business

19 LINDEN FOODS 212.19 Dungannon 028 87724777 Gerry Maguire Meat Processors

20 SCHRADER ELECTRONICS 193.32 Antrim 028 9446 1300 Stephen McClelland Electronic components

21 NORBROOK LABORATORIES 183.21 Newry 028 30264435 Lord Ballyedmond Pharmaceuticals

22 WRIGHTBUS LTD 168.07 Ballymena 028 25641212 Mark Nodder Truck & bus bodies

23 SEAGATE TECHNOLOGY 153.25 Derry 028 71274000 Brian Burns Computer Hardware

24 TMC DAIRIES 136.36 Artigarvan 028 71382275 Tommy Thompson Dairy products

Company Name

Export Sales

£m

Location Telephone NIRL Manager Line of Business

25 RETLAN MANUFACTURING 131.08 Antrim 028 79650765 John Donnelly Truck trailers manufacturers

26 CLEARWAY HOLDINGS 120.81 Portadown 028 38337333 Paul Murphy Metal Recyclers

27 SDC TRAILERS 108.20 Toomebridge 028 79650765 Mark Cuskeran Trailer Manufacturers

28 DEVENISH NI LTD 102.67 Belfast 028 90755566 Peter McLaughlin Agri Business

29 WESTLAND HORTICULTURE 102.43 Dungannon 028 87727500 Edward Conroy Horticulture

30 BRETT MARTIN LTD 100.68 Newtownabbey 028 90849999 Laurence Martin Plastic Building Products Mfrs

31 KINGSPAN ENVIRONMENTAL 99.29 Portadown 028 38364413 Gene Murtagh Builders Materials

32 HOWDEN UK LTD 93.31 Belfast 028 90457251 David McMinn Industrial & commercial fans & equipment

33 HUMAX ELECTRONICS CO. LTD 93.08 Newtownards 028 91824950 Jang Yong Kim Electronic components

34 RANDOX HOLDINGS LTD 92.01 Belfast 028 94422413 Dr Peter Fitzgerald Medical Supplies

35 MONTUPET (U K) LTD 88.11 Belfast 028 90301049 Jim Burke Aluminium die-castings

36 ALLSTATE NI LTD 78.58 Belfast 028 90346500 Arthur McFerran Outsourced IT

37 THE OLD BUSHMILLS DISTILLERY

69.05 Bushmills 028 20733218 Drinks Manufacturers

38 FANE VALLEY FEEDS 65.87 Armagh N/A Trevor Lockhart Agri Business

39 WARNER CHILCOTT UK LTD 65.57 Larne 028 28267222 Claire Gilligan Pharmaceuticals

40 DIAGEO GLOBAL SUPPLY 65.19 Belfast 028 90682021 Sally Moore Drinks Manufacturers

41 RYOBI ALUMINIUM 64.02 Carrickfergus 028 93351043 Hiroshi Urakami Aluminium Casting

42 ULSTER CARPET MILLS (HOLDINGS) LTD

60.29 Craigavon 028 38334433 Nick Coburn Carpet Manufacturers

43 COONEN DEFENSE LTD 60.00 Fivemiletown 028 89521401 Eugene Greene Textiles

44 SKEA EGG FARMS 57.75 Dungannon 028 87761252 Matthew Hayes Egg Farms

45 THALES AIR DEFENCE LTD 57.37 Belfast 028 90465200 David Beatty Guided missile & space vehicle mfrs

46 W D MEATS 55.00 Coleraine 028 70356111 Francis Dillon Livestock Processing

47 ANDOR TECHNOLOGY LTD 54.56 Belfast 028 90237126 Colin Walsh Digital Camera Manufacturers

48 VAUGHAN ENGINEERING GROUP LTD

51.45 Newtownabbey 028 90837441 Gavin Vaughan Electrical Engineering

49 SEVERFIELD NI LTD 50.74 Enniskillen 028 66388521 Ian Lawson Steel Manufacturers

50 BEMIS HEALTHCARE PACKAGING LTD

41.42 Londonderry 028 71287000 Keith McCracken Pharmaceutical Packaging


SECTION 6:NORTHERN IRELAND EXPORTERS OVERVIEW


6564

1 GLEN ELECTRIC LTD Glen Electric Ltd is the Northern Ireland division of the Glenn Dimplex Group, the

brand leader in electric space heating with over 400 products within the sector - the widest in the world. Its products are distributed in North America, Europe, Asia and Australia. Brands include Glen, EWT, Electromode, Pelgrium and Unidare. Operating from purpose built, state-of-the-art distribution facilities and offices, Glen Dimplex Northern Ireland opened in 2008 in Craigavon and is estimated to account for around half of Glen Dimplex’s overall business.

2 CATERPILLAR (NI) LTD Caterpillar (Ni) Ltd is based in Larne, and is Europe’s largest manufacturer of diesel

and gas generator sets and a provider of power generating solutions. Formerly, FG Wilson (Engineering), the company changed its name in 2013, creating a more visible link with its parent group. FG Wilson was acquired by Caterpillar in 1999 and is now an integral part of Caterpillar’s Electric Power Division. In addition to major manufacturing operations, Caterpillar (NI) Limited is home to a number of other business functions such as sales and marketing, legal services and shared services. Employing around 2,900, it created 200 administrative jobs at its Springvale site in 2013.

3 MOY PARK LTD Moy Park Ltd is a poultry company headquartered in Craigavon; it has activities

throughout the UK and Ireland with a subsidiary in France. In June 2013 Moy Park announced a £170 million expansion that will create 628 new jobs over four years across three sites in Dungannon, Craigavon and Ballymena. Having started out as a small farming company in 1943, Moy Park has grown into a top UK business with £1.5 billion turnover and a total of around 12,000 employees across Europe. Moy Park was acquired by JBS, the world’s largest meatpacker in a deal worth $1.32 billion. Its purchase of Moy Park automatically makes JBS the UK’s biggest poultry producer and gives it a foothold in Europe’s rapidly growing prepared foods market with operations in France, the Netherlands and England where it produces a chicken range for celebrity chef Jamie Oliver.

4 DUNBIA Dunbia is headquartered in Dungannon and is a supplier of top quality red

meat products for the local, national and international retail, commercial and food service markets. It operates 10 sites in the UK and Ireland and from sales offices throughout Europe, supplying beef, lamb and pork products. Dunbia employs around 3,256 people across an array of functions ranging from hi-tech

to multi-skilled disciplines. Over 1,000 are employed in Northern Ireland in the procurement, slaughter and de-boning of cattle and sheep, as well as wholesale distribution and retail packing of beef and lamb and following an announcement in March 2015, Dunbia is set to create 209 new jobs in at its facility in Dungannon - part of a £27 million investment by the meat processor over three years.

5 BOMBARDIER AEROSPACE EUROPE Bombardier Aerospace Europe, from design through manufacture to after-

market support, in Belfast specialises in major aircraft structures including fuselages, wings, engine nacelles and flight control surfaces in metal and advanced composites. With some 5,000 highly-skilled employees in Northern Ireland, the company’s operation plays a pivotal role in all of Bombardier’s families of commercial and business aircraft. The company also produces nacelle components for Rolls-Royce, Airbus and General Electric.

6 AVENTAS MANUFACTURING GROUP Aventas Manufacturing Group was formerly the Quinn Group and was formed

by Sean Quinn in 1973. The Aventas group is headquartered in Derrylin, Co. Fermanagh, Northern Ireland. It employs over 2,500 people in various locations in Europe having developed from a small quarrying operation to a large organisation active in multiple areas, including container glass, radiators, plastics and real estate. Following Quinn being declared bankrupt in 2012, the company was renamed to Aventas. Aventas is 75 per cent owned by its former creditors - mainly banks and hedge funds - with the remainder held by its principal former lender, Irish Bank Resolution Corporation. In 2041 the group sold their glass business to Spanish group Vidrala.

7 W & R BARNETT W & R Barnett is Northern Ireland’s biggest manufacturer of animal feeds with an

annual turnover of £500 million and is the holding company of a diversified group of international commodity trading and agribusiness companies. The group has grown from its origins in 1896 as a grain merchant and expanded its operations to include a wide variety of enterprises including dry bulk commodities, derivatives, molasses, oils, feed mills, laboratory testing and storage. It is a fourth generation family business and has been described by economist John Simpson as “one of the most profitable and successful family-controlled businesses” in Northern Ireland.

Profiles of the Top 10 IFSC Companies





8 SHS GROUP LTD SHS Group Ltd is a privately owned and operates in the fast moving consumer

goods sector. Founded in 1975, the group has a turnover of over £400 million and employs around 700 people across the UK and Ireland. The company owns a range of premium brands including WKD, Shloer, Bottlegreen, Jordans, Ryvita and other.

9 NACCO MATERIALS HANDLING NACCO Materials Handling Group (NMHG) has provided the strategic leadership

and global support behind Hyster® and Yale® lift trucks, two of the most successful lift truck brands in the industry since 1989. NMHG designs, engineers, manufactures, sells, and services a portfolio of materials handling equipment that is among the most comprehensive in the industry. They cover hundreds of end-user applications in more than 700 industries. Their products include a full range of electric and internal combustion engine lift trucks for nearly all indoor and outdoor applications. From narrow aisle warehouse trucks to the toughest cargo handling equipment, their counterbalanced lift trucks are recognized as some of the most productive in the world. Headquartered in Cleveland, Ohio, NACCO Materials Handling Group continues to drive the industry forward. Their partnerships with experts in areas such as hydrogen fuel cell and advanced battery technologies are helping bring more sustainable and greener technologies to the market while increasing productivity and decreasing operational costs.

10 ALMAC GROUP ALMAC GROUP is a pharmaceutical business that announced in August 2014

it would create 348 high quality jobs over the next five years in a £54 million expansion. It operates in the pharmaceutical and biotechnology sectors providing services including drug discovery, diagnostics, R & D, manufacture of active pharmaceutical ingredients, formulation development and clinical trials. It employs more than 2,100 staff at its headquarters in Craigavon, with an additional 1,380 staff located in facilities throughout the rest of the UK, the US and Asia. Over 600 companies worldwide use its services.



APPENDIX 1:PHILIP AHEARNE


I would like to congratulate the Irish Exporters Association on the compilation and publication of the Top 250 Irish Exporters Report for 2015. I would also like to thank Stubbs Gazette for compiling the data. Investec have sponsored this report for the past five years and we are delighted to do so again this year.

2015 has been another positive year for Investec in Ireland. We have performed well across our key business areas of Treasury, Corporate Finance, Institutional Equities and Wealth and Investment, while we continue to support clients in areas of debt finance. At a group level we have maintained a solid international platform, with diversified revenue streams and a globally geographic presence. We remain focussed on maintaining a strong balance sheet and sound capital and liquidity principles. In Ireland we have broadened our footprint recently by establishing an office in Cork to service our Munster based clients and to offer our services to prospective clients throughout the province. Our commitment to Ireland remains steadfast.

To date 2015 has been a vintage year for Irish Exporters and it looks set to continue in this vein. Last year I commented that the Irish Economy was continuing on the road to recovery. You could argue that the recovery is complete and we are now in a growth phase again. The Investec Services PMI and the Investec Manufacturing PMI reports for August point to some very positive trends in the export sector of the economy;

→ The Irish Service Sector continued to record strong growth of business activity in August. Output has risen consistently since August 2012.

→ August data pointed to another monthly expansion of new export business at Irish Services companies, the 49th month of growth in the sequence.

→ Similarly in the Manufacturing Sector August saw an increase in new export orders.

→ Both the Services and Manufacturing Sectors saw an increase in employment

→ Business sentiment in the Service Sector remains positive.

Irish Exporters have undoubtedly benefited from the continued weakness of the Euro. Since January 1st 2015 the Euro has fallen 6% against sterling and 8.5% against

the dollar, at time of writing, and this despite the pullback following concerns over a slowdown in economic growth in China. Given that our largest trading partner remains the UK the weakness of the Euro against sterling has been particularly significant. On the commodity side, oil prices also have been volatile with sharp moves lower since May.

As an international financial services company, Investec has extensive experience in dealing in overseas markets. With 250 employees and a presence going back more than 25 years in Ireland, since Gandon became the first licensed company in the IFSC in 1989, we understand the local challenges that our clients face. We combine our international and local experience to provide our clients with a proactive approach to the management of currency, interest rate management, corporate cash management and commodity exposures.

Our treasury team deal with a broad spectrum of clients across all sectors of the Irish Economy. Our approach remains constant. Central to this is developing a clear understanding of our clients business and their related treasury exposures. We believe the true value in this approach is reflected in the value that our clients gain from our services. Exchange rates have a significant impact on the competitiveness of Irish Exporters. The volatility that we have seen in both the currency and commodity markets while generally benefiting exporters highlights the need to manage the risks associated with these exposures. We continue to encourage clients to establish a realistic budget rate for their currency exposures and to focus on at least matching that. We are focussed on helping our clients manage these exposures efficiently and thereby managing this additional risk within their businesses. There are many different approaches and tools available to assist in managing currency exposures. We advocate a portfolio approach as no two clients are the same and what suits one company may not be appropriate for another. We firmly believe that key to this is having a clear understanding of our clients business and their related exposures and in doing this we can help them achieve their financial objectives. As always we remain very keen to meet people and to hear about their businesses so that we can explain in more detail how we can help them. (Please see Justin Doyles article in the Investec Review)

We have been members of the Irish Exporters Association for many years. Through our participation in their events we have gained a real understanding of the challenges and the opportunities that exist for exporters. There are many new groupings within the IEA exploring opportunities in new markets throughout the globe. It appears that opportunities exist in emerging markets for Irish exporters to take advantage of. I know the IEA want to assist their members grow their markets and this is something Investec supports. We believe with our local presence and our global footprint that we are very well placed to help Irish companies manage the treasury exposures associated with operating in new markets.

‘To date 2015 has been a vintage year for Irish Exporters and it looks set to continue in this vein.’


In summary, it appears that the economy is well placed to continue in a growth phase. No doubt challenges remain both domestically and internationally but generally there appears to be a sense of optimism in the market which we at Investec share. We embrace both the challenges and the opportunities that lie ahead. We look forward to working with our clients as they face these challenges and opportunities and wish them every success in these endeavours. Our client’s success is our success.

APPENDIX 2:TOP 250 COMPANIES ROI ALPHABETICAL ORDER


2015 Rank

Company €M Exports

193 ABB LTD 75.00

204 ABBOTT LABORATORIES IRELAND 68.22

21 ABP FOOD GROUP 2,400.00

6 ACTAVIS (WARNER CHILCOTT PLC & ALLERGAN PLC) 9,500.00

33 ADOBE SYSTEMS SOFTWARE IRELAND 1,508.35

201 AFILIAS PLC 69.18

186 AIRBNB 80.00

236 ALCAN PACKAGING DUBLIN LTD 50.00

148 ALERE INTERNATIONAL 137.94

75 ALKERMES PHARMA IRL 408.82

181 ALL-TECHNOLOGY (IRELAND) LTD 88.34

225 ALPS ELECTRIC (IRELAND) LTD 54.15

59 ALTERA EUROPEAN TRADING CO LTD 506.16

235 AMAYA GAMING 50.00

71 AMAZON DATA SERVICES 440.36

224 AMDIPHARM LTD 54.47

45 AMDOCS SOFTWARE SYSTEMS LTD 871.29

243 AMT-SYBEX GROUP LTD 43.60

69 ANALOG DEVICES 450.00

11 APPLE IRELAND 6,000.00

66 ARDAGH GLASS SALES LTD 462.21

74 ARROW GROUP LTD 429.35

114 ASTELLAS IRELAND 200.00

238 ATHLONE EXTRUSIONS 49.38

101 AURIVO 250.00

248 AUTOLAUNCH LTD 40.21

47 AVAYA INTERNATIONAL SALES LTD 820.49

218 AVOCENT INTERNATIONAL LTD 56.08

134 BALLINA BEVERAGES (COCA - COLA) 150.00

The IFSC Top 250 Companies ROI in alphabetical order

‘As always we remain very keen to meet people and to hear about their businesses so that we can explain in more detail how we can help them.’




2015 Rank


208 BARCLAY CHEMICALS (HOLDINGS) LTD 62.37

38 BARD SHANNON LTD 923.59

146 BASF IRELAND LTD 140.00

96 BAUSCH & LOMB IRELAND 250.00

115 BAXTER HEALTHCARE 200.00

164 BECTON DICKINSON & COMPANY LTD 113.34

37 BENEX LTD 1,195.15

112 BENTLEY SOFTWARE INTERNATIONAL LIMITED 214.42

127 BIMEDA IRELAND 170.00

229 BIO-MEDICAL RESEARCH LTD 52.41

234 BORD NA MONA 50.00

54 BOSE PRODUCTS BV 631.49

14 BOSTON SCIENTIFIC GROUP PLC 4,196.08

133 BRISTOL MYERS SQUIBB 150.00

48 BUSINESS OBJECTS SOFTWARE LTD (SAP) 805.82

97 C&C GROUP PLC 250.00

147 C&F TOOLING LTD 138.56

84 CADENCE DESIGN SYSTEMS (IRELAND) LTD 341.09

165 CAMERON IRELAND LTD 113.24

155 CARBERY MILK PRODUCTS LTD 125.00

213 CARTON GROUP 60.00

215 CELESTICA IRELAND LTD 59.84

196 CG POWER SYSTEMS IRELAND LTD 71.78

230 CLONMEL HEALTHCARE LTD 51.78

239 COGNEX LTD 49.22

91 COILLTE TEO 275.72

136 COMBILIFT LTD 150.00

142 COMMSCOPE EMEA 143.73

132 CONNAUGHT ELECTRONICS LIMITED 157.87

68 COOK IRELAND LTD 450.89

2015 Rank


117 COOLMORE STUD 200.00

198 CORMAN MILOKO IRL 70.10

159 CREGANNA TACTX MEDICAL 120.00

221 CROSS VETPHARM GROUP 55.76

61 DAIRYGOLD 500.00

135 DANONE BABY NUTRITION 150.00

36 DAWN MEATS EXPORTS 1,300.00

7 DELL PRODUCTS 8,658.00

39 DIAGEO 900.00

246 DIALOGIC DISTRIBUTION LTD 41.52

205 DIGITAL RIVER IRELAND 65.47

169 DONEGAL MEAT PROCESSORS 102.39

43 DOOSAN HOLDINGS EUROPE LIMITED 891.23

149 DORNAN ENGINEERING LIMITED 135.62

184 DTS LICENSING LTD 81.40

217 EBAY EUROPE SERVICES LTD 56.65

137 EI ELECTRONICS 150.00

209 ELECTRICAL & PUMP SERVICES LTD 62.24

110 ELEMENT SIX LTD 221.00

63 ELI LILLY 500.00

41 EMC IRELAND 900.00

109 EQUANT NETWORK SERVICES INTERNATIONAL 223.10

170 EXTREME NETWORKS IRE LTD 102.32

19 FACEBOOK IRELAND LIMITED 2,977.24

158 FAIR OAK FOODS (INTERNATIONAL) LTD 120.00

240 FERRERO IRELAND LTD 49.08

144 FLEETMATICS GROUP PLC 141.08

171 FMC INTERNATIONAL 100.00

28 FOREST LABORATORIES HOLDINGS LTD 1,975.31

104 FOURNIER LABORATORIES IRELAND LTD 244.18


2015 Rank


219 FUJITSU IRELAND 56.03

174 FURLONG INVESTMENTS LTD 98.02

56 FYFFES PLC 600.00

222 GAMESTOP LTD 55.10

79 GARTNER IRELAND LIMITED 397.75

64 GE IRELAND 500.00

32 GENZYME IRELAND LTD 1,533.69

23 GILEAD SCIENCES 2,243.25

27 GLANBIA PLC 2,000.00

60 GLAXOSMITHKLINE 500.00

25 GLEN DIMPLEX 2,200.00

140 GLOBOFORCE LTD 148.59

2 GOOGLE IRELAND LTD 17,001.00

123 GREEN ISLE FOODS LTD 180.00

62 GREENCORE GROUP PLC 500.00

191 GROUPON INTERNATIONAL 75.08

167 H J HEINZ MANUFACTURING IRL 108.48

125 HELSINN BIREX PHARMACEUTICALS LTD 171.49

153 HENKEL IRELAND O&R LTD 130.74

83 HEWLETT PACKARD 374.55

214 HILTON FOODS IRELAND 60.00

183 HONEYWELL MEASUREX (IRL) LTD 81.86

237 HUAWEI TECHNOLOGIES 49.40

24 I B M IRELAND LTD 2,200.00

103 IAC SEARCH & MEDIA EUROPE LTD 245.36

34 ICON PLC 1,419.40

233 INDEPENDENT NEWS & MEDIA 50.00

5 INGERSOLL RAND PLC 9,824.54

12 INTEL IRELAND LTD 5,500.00

187 IPSEN MANUFACTURING IRL 79.39

2015 Rank


76 IRISH DISTILLERS LTD 400.00

203 J2 GLOBAL IRL 68.80

53 JAZZ PHARMACEUTICALS PLC 693.99

4 JOHNSON & JOHNSON IN IRELAND 10,500.00

65 KCI MEDICAL RESOURCES 491.84

35 KELLOG EUROPEAN TRADING 1,394.13

131 KENMARE RESOURCES PLC 159.39

40 KEPAK GROUP 900.00

13 KERRY GROUP PLC 5,200.00

30 KINGSPAN GROUP PLC 1,600.00

15 KINGSTON TECHNOLOGY INTERNATIONAL LTD 3,652.21

162 KN NETWORK SERVICES 115.45

92 L M ERICSSON LTD 272.95

197 LAKE REGION MEDICAL 70.28

77 LAKELAND DAIRIES CO-OPERATIVE SOCIETY LTD 400.00

119 LAN MED NAUTILUS 196.60

249 LARGO FOODS 40.00

166 LEANORT LTD 109.27

172 LEO LABORATORIES 100.00

94 LIBERTY MEDICAL SERVICES LIMITED 253.60

107 LIEBHERR CONTAINER CRANES LTD 227.84

100 LIFFEY MEATS 250.00

67 LIMERICK ALUMINA REFINING LIMITED 454.68

139 LINKEDIN 150.00

122 LISHEEN MILLING LTD 182.22

244 LOTUS AUTOMATION (IRL) 43.45

108 LUFTHANSA TECHNIK AIRMOTIVE IRELAND LTD 223.91

199 M&J GLEESON (INVESTMENTS) LTD 70.00

152 M/A -COM TECH SOLUTIONS (CORK) 133.83

185 MAGNA DONNELLY 80.00




2015 Rank


250 MASONITE 40.00

228 MATROX EUROPE 52.65

29 MAXIM INTEGRATED PRODUCTS INTERNATIONAL LIMITED 1,907.99

80 MCAFEE IRELAND LTD 393.46

156 MCDERMOTT LABORATORIES LTD 123.99

57 MCKESSON IRELAND LTD 550.00

3 MEDTRONIC IRELAND 16,700.00

73 MENTOR GRAPHICS IRELAND 430.56

223 MERIT MEDICAL IRELAND LTD 54.77

51 MICROCHIP TECHNOLOGY IRELAND 696.54

180 MICROMUSE SOFTWARE IRELAND LTD 90.00

145 MICROS FIDELIO (IRELAND) LTD 140.70

1 MICROSOFT IRELAND OPERATIONS LTD 18,221.37

178 MIRROR CONTROLS INTERNATIONAL 93.21

226 MISYS IRELAND LTD 53.80

207 MOLEX IRELAND LTD 63.05

86 MONAGHAN MUSHROOMS 300.00

20 MSD IRELAND 2,500.00

128 MYLAN TEO 167.06

192 NATIONAL INSTRUMENTS IRELAND 75.06

46 NETGEAR INTERNATIONAL LTD 862.78

190 NETIQ IRELAND 76.54

141 NOVARTIS RINGASKIDDY LTD 147.76

106 NOVELL IRELAND SOFTWARE LTD 237.57

175 OPENET TELECOM LIMITED 95.45

9 ORACLE EMEA LTD 7,859.29

22 ORNUA (IRISH DAIRY BOARD) 2,300.00

42 P.C.H INTERNATIONAL LTD 900.00

121 PARAMETRIC TECHNOLOGY 191.78

154 PAYPAL EUROPE SERVICES 130.58

2015 Rank


126 PAYZONE IRELAND LTD 170.94

49 PEPSI-COLA MANUFACTURING (IRELAND) 800.00

17 PERRIGO CO PLC 3,362.69

10 PFIZER GLOBAL 7,000.00

70 PHARDIAG LIMITED 444.84

220 PINEWOOD LABORATORIES LTD 55.87

227 PRAMERICA SYSTEMS IRELAND LTD 53.51

177 PROCTER & GAMBLE (MANUFACTURING) IRELAND LTD 93.36

87 PTC (SSI) LTD 289.64

111 QLGC LTD 216.47

210 RANBAXY IRELAND LTD 60.38

129 RECORDATI IRELAND LTD 166.53

88 RED HAT LIMITED 285.00

176 RENISHAW (IRELAND) LIMITED 95.00

245 RICHARD KEENAN HOLDINGS LTD 42.00

182 ROCHE PRODUCTS IRELAND LTD 86.59

98 ROSDERRA IRISH MEATS 250.00

200 ROTTAPHARM LTD 69.29

16 SANDISK INTERNATIONAL LTD 3,374.60

85 SANDLEFORD LTD 300.71

241 SANOFI AVENTIS 47.09

52 SCHNEIDER ELECTRIC IT LOGISTICS 694.56

188 SCIENTIFIC GAMES WORLDWIDE LTD 78.98

113 SENSORMATIC EUROPEAN DISTRIBUTION 209.52

55 SERVIER (IRELAND) INDUSTRIES LTD 607.90

161 SFDC INTERNATIONAL (SALESFORCE) 115.64

44 SHIRE PHARMACEUTICALS IRELAND 872.37

157 SIEMENS HEALTHCARE DIAGNOSTICS 120.70

242 SIGMA ALDRICH IRL 44.14

90 SKILLSOFT 283.02




2015 Rank


99 SLANEY FOODS INTERNATIONAL 250.00

116 SMARTPLY EUROPE LTD 200.00

8 SMURFIT KAPPA GROUP 7,957.00

160 STIEFEL LABORATORIES (IRELAND) LTD 120.00

105 STORIT LIMITED 242.33

163 STRATUS TECHNOLOGIES IRELAND LIMITED 113.60

58 STRYKER IRELAND LTD 514.80

206 SULZER PUMP SOLUTIONS IRELAND LIMITED 63.59

231 SURETANK GROUP LTD 51.66

31 SYMANTEC LTD 1,564.27

50 SYNOPSYS IRELAND LTD 746.13

189 TAKEDA IRELAND LTD 76.64

124 TARA MINES HOLDINGS LTD 174.15

216 TECH GROUP EUROPE LTD 57.15

81 TELEFLEX MEDICAL EUROPE LIMITED 390.79

120 TERADATA IRELAND LIMITED 195.02

78 TEVA PHARMACEUTICALS 400.00

202 THE HAMMOND LANE METAL COMPANY, LTD 68.84

211 TIPPERARY CO-OPERATIVE CREAMERY LTD 60.00

18 TOTAL PRODUCE PLC 3,000.00

212 TOWN OF MONAGHAN CO-OP 60.00

143 TRANSITIONS OPTICAL LTD 142.07

130 TREND MICRO (EMEA) LTD 165.93

89 TRI SUPPLY LTD 283.63

195 TRINITY BIOTECH PLC 72.56

232 TRULIFE GROUP LTD 51.12

138 TWITTER 150.00

168 UCB MANUFACTURING IRELAND LIMITED 107.80

102 VCE TECHNOLOGY SOLUTIONS LTD 249.08

26 VMWARE INTERNATIONAL LTD 2,164.21

2015 Rank


247 VOLEX EUROPE LTD 41.24

151 WEBSENSE INTERNATIONAL 134.81

150 WELLMAN INTERNATIONAL LTD 135.20

194 WORKDAY LTD 74.53

82 WYETH NUTRITIONALS IRL 377.61

95 XEROX IRELAND 250.00

72 XILINX IRELAND 438.15

173 YAHOO EMEA 98.42

179 ZEUS PACKAGING GROUP LIMITED 90.61

118 ZIMMER ORTHOPEDICS MANUFACTURING LIMITED 199.17

93 ZYNGA GAME IRELAND LIMITED 266.07



8180

Join the Irish Exporters Association todayWith membership starting from only €410 + VAT

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