Home Strategy Irish companies boost Australian investment with $10 million in new contracts
Irish companies boost Australian investment with $10 million in new contracts Featured

More than $10 million in new contracts in Australia have been announced as part of a trade mission from Ireland, including 71 Irish companies from the fintech, medtech, high-tech construction, agritech, emerging technologies and ICT sectors.

Irish Minister for Business, Enterprise and Innovation, Heather Humphreys, who led the trade mission, announced the deals and the opening of a Melbourne office for Enterprise Ireland as a direct result of continued growth in exports to Australia and New Zealand to the tune of $404 million last year, an increase of 43% over the previous three years.

“Australia is a mature and highly developed economy that offers significant opportunity for Irish exporters," she said.

“Despite the long distance to market, Australia’s open economy, significant infrastructure expenditure and strategic location at the doorstep of Asia has led many Irish companies to enter and perform strongly in the market.  The size and scope of this trade mission demonstrate that now more than ever the importance of this marker.

“[A total of] 320 Irish companies are now exporting to Australia and these companies employ over 25,000 people in Ireland. Our ambition is to grow client exports to €360 million (A$574m) by 2020. I am delighted to lead this trade and investment mission to Australia and engage in an extensive program of activity which focuses on supporting Irish companies to expand exports into this significant market.

“My aim over the coming days is to build awareness and promote the Irish advantage of the participating companies through their innovation and capability in key sectors. I look forward to engaging with key decision makers at the highest levels in Government and Industry to promote Ireland as a source of world-class products and services.”

Key deals include:

  • Kingspan Insulated Panels announced a $8 million capex investment for a new state of the art machine which will operate at their factory in Greater Western Sydney.
  • GM Steel announced the commissioning of a goat abattoir with Darling River Meats Company in Bourke NSW worth $9 million.
  • Solgari and Barhead announced a strategic partnership to bring Solgari’s Dynamics 365 All-Channel Solution to Barhead Financial Service & Retail customers in Australia. This gives Solgari access to Microsoft’s global partner network and millions of potential customers.
  • Emydex announced a contract with Harvey Beef, the largest meat processing company in WA, to provide its food processing software
  • Eppione announced a contract to license their software to HR consulting firm Talenting.
  • Combilift announced a contract with E Store Logistics who are soon to become the second largest user of the Combilift Aisle Master product and largest private user across Australia and New Zealand.

Office openings:

  • Fineos Corporation, a global provider of customer centric core insurance software, which employs 130 people across Australia and New Zealand and services BT Financial, AMP, Commonwealth Bank and Westpac.
  • Alpha Wireless announced the opening of a new research and development office in Sydney to support the company’s expansion in Asia Pacific.
  • Glofox Gym and Fitness Studio Management Software announced the opening of a new office in Sydney.
  • Mainstream Renewable Power announced the establishment of an office in Melbourne to focus on renewable projects in Victoria and across Australia.
  • Linesight, which provides professional services and strategic support to the global construction industry, opened a new office in Sydney.

 Kevin Sherry, executive director, Global Business Development, Enterprise Ireland, said:  “Expanding the Irish export footprint in markets beyond the UK is a key priority for Enterprise Ireland and we are working closely with Irish industry to pursue realisable opportunities to support greater market diversification throughout the Asia Pacific region.

“Since 2018, Enterprise Ireland has strengthened our resources in key sectors such as Digital Technologies, Financial Services, Education, Agritech, Healthcare, Construction and Food FDI across the Asia Pacific region and will add additional resources by end of 2019 including new offices in Melbourne and Vietnam as well as pathfinders in New Zealand and Shenzhen to support that continued growth.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

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