Irish firms forge contracts worth €17m on EI trade mission

17 May 20131 Share

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Irish companies involved in this week’s Enterprise Ireland trade mission to Poland and the Czech Republic have secured new contracts with a potential value of €17m.

The Minister for Small Business, John Perry, TD, led the four-day trade mission involving 40 Irish companies. It was focused mainly on the engineering, electronics and software sectors.

Perry said the trade mission was very important in terms of deepening Ireland’s trade and economic ties in central and eastern Europe.

While in Prague, Perry witnessed the signing of several business contracts. Over the next three to five years, the Irish companies that forged new deals with Czech partners are expected to bring in additional revenues of more than €13m.

The Irish companies involved include the electronic payments provider 3V Transaction Services, Waterford company PPI Adhesive Products, booking technology firm BookAssist and Dublin-based Realtime Technologies.

On the second leg of the trade mission to Poland, Irish firms agreed contracts and alliances worth an estimated €4m. The companies involved include the Mullingar-based Technical Engineering Group (TEG), which confirmed contracts worth €350,000 with pharmaceutical companies based in Poland to provide tooling for blistering machines.

Cylon
, a developer of building energy management systems, signed a contract with BCM Poland to supply its solutions for a project with an international retail chain that has stores in Poland and Russia.

Mayo company Portwest and Dublin firm Playprint also signed contracts. Meanwhile, the architectural firm A+D Wejchert and Partners Architects is set to open a new office in Warsaw.

Kevin Sherry, Enterprise Ireland’s head of international sales and partnering, said there are significant opportunities for increased trade and partnerships between Ireland and Poland and the Czech Republic.

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Carmel was a long-time reporter with Siliconrepublic.com

editorial@siliconrepublic.com