Irish companies who took part in this trade mission to the Czech Republic and Poland have secured new contracts with a potential value of €17m. Dublin based companies 3V Transaction Services, BookAssist and RealTime Technologies and Waterford-based PPI Adhesive Products signed new business deals in the Czech Republic. Mullingar-based TEG, Portwest from Co Mayo, Dublin-based Cylon and Playprint also signed deals in Poland, while A&D Wejechert and Partners Architects announced the opening of a new office in Warsaw.
The objective of the trade mission was to raise Ireland’s profile with key business and Government contacts in the region. The trade mission was to promote the capabilities of Irish companies in the Engineering, Electronics and Software sectors to multinational companies based in the Czech Republic and Poland. Minister Perry witnessed signings of important contracts by 11 Irish companies with Czech and Polish companies, and met Irish business communities in both countries.
Companies travelling on the trade mission included high-growth start-ups and medium-sized Irish companies in sectors including ICT, high-tech manufacturing, construction and financial services.
Speaking before his departure, Minister Perry said:
“Poland and the Czech Republic are key target markets for Irish companies operating in the ICT, high-tech manufacturing, construction and financial services sectors. As the economies in these markets continue to grow, so too do the opportunities for Irish companies to deepen their involvement in these markets and win new business.
At the heart of the Government’s plan for jobs and growth is an ambition to create a powerful engine of indigenous enterprise. As part of the transition to a new economy based on enterprise, innovation and exports, this Government is actively supporting ambitious Irish companies seeking to grow their exports and jobs. The ongoing programme of trade missions led by Enterprise Ireland is a part of this plan. I am confident that through the intensive series of meetings planned for the next four days, we will help to open doors and capitalise on opportunities for these innovative and ambitious companies, helping them grow their export sales and create and sustain jobs in Ireland.”
With a population of 10.5m, and a large multinational industrial sector, the Czech Republic is an important target market for Irish companies targeting the automotive, engineering, electronics, ICT and business services sectors. Many Irish companies have established a sales presence in the Czech Republic and use it as a base to also target Slovakia, Hungary, Romania and other CEE countries. Exports of Irish-owned companies to the Czech Republic increased by 65% over the past five years to nearly €50m in 2012, while total exports from Ireland to Czech Republic exceed €600m.
Poland, with a population of 38m, is a Top Ten Export Destination for Enterprise Ireland client companies, who exported €300m of goods and services to this market in 2012. One of the few EU countries to avoid recession, Poland saw GDP growth of 2% in 2012. Poland borders countries with a combined population of 295m people, and is a key market access route to Russia and the CIS (Commonwealth of Independent States). 30% of exports from Ireland to Poland are from indigenous Irish companies across a range of sectors and this growing market offers substantial opportunities to Irish exporters.
”This was a highly successful mission both in terms of business secured and in terms of the introductions and connections made. It is tremendously encouraging to see Irish companies winning new business in Central and Eastern Europe” – commented Minister Perry.
Source: Enterprise Ireland