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Over €40m in trade and investment announcements by Irish companies as part of Enterprise Ireland trade mission to China - Minister Bruton

Projects will lead to at least 20 jobs in Ireland

13 bilateral meetings with IDA Ireland target companies, as well as

engagements with dozens more multinationals

28th June 2014

Contracts between Irish and Asian companies worth just under €5million and

the creation of 20 jobs were among the initial, immediate results of the

5-day Enterprise Ireland trade mission to China and Korea, the Minister for

Jobs, Enterprise and Innovation Richard Bruton TD announced today

(Saturday) as the mission finished.

In addition, investments of €36million in business opportunities in Asia

were agreed by Irish companies during the week-long trade and investment


The announcement comes at the end of a five-day programme to Beijing,

Shanghai and Seoul, in which 41 companies participated, targeting export

and investment opportunities for Irish companies across sectors including

Financial Services, Clean technologies, Information & Communication

Technologies, Pharmaceuticals, Agricultural Technologies, Medical Devices

and Education.

The trade and investment mission also included 13 bilateral meetings with

IDA Ireland target companies, as well as engagements with many more such

companies in a group setting, during which many projects with potential to

create jobs in Ireland were discussed and advanced.

Speaking from Seoul Minister Bruton said: "At the heart of our Action Plan

for Jobs is building a new, sustainable economy based on exports and

innovation. As part of this strategy we have put in place a number of

measures including doubling the number of trade missions and putting extra

IDA and Enterprise Ireland staff in foreign markets.

"This is my sixth trade and investment mission to Asia since taking office,

and the intensity of visits by other Ministers to this part of the world

has also seen a major step up. As the immediate results from this mission

show, we are really starting to see the concrete signs of progress in these

markets. This progress was evident in every meeting I attended - people in

Government, business and the media are more aware of Ireland, more aware of

the strengths we bring to the table, and more willing to do business with


"I have said before that Irish entrepreneurs and business-people are the

real heroes of the recovery we are starting to see across our economy. The

41 companies who participated in this mission, some of whom have finalised

deals, others of whom have made major progress, have done great work over

this week. These are the pioneers who will drive our employment recovery,

and I wish them every success with pursuing the opportunities that have

developed over the past week".

In line with Enterprise Ireland’s strategy, the objective of the Trade

Mission was to build on Ireland’s existing economic links with China and

Korea. The visit facilitated practical relationship building for Irish

companies with their current and prospective counterparts in both markets,

as well as raising the profile of Ireland at the highest levels of

Government. Over the course of the five day programme introductions were

made, contacts developed and business relationships progressed from which

significant increases in exports and jobs by Irish companies are targeted

over the coming years.

Among the deals announced during the mission were:

Accuris Networks announced a strategic partnership with Autelan, the

biggest Chinese-based Wi-Fi infrastructure provider to bring seamless,

secure Wi-Fi offload to Chinese mobile carriers such as China Mobile, China

Unicom and China Telecom as well as carriers in the Asia-Pacific region and


OpenJaw Technologies, leading online technology partner to the world’s

biggest travel brands, announced plans to grow its operation into Asia

Pacific, from a new office base in Hong Kong.

Med-tech firm ArraVasc Ltd., based in Galway, signed a new contract with a

leading medical device distributor Shanghai Micro Medical worth at least

$3.5m of business for new peripheral vascular products. The contract will

help to create at least 20 new jobs over the next 2-3 years.

Irish company ChinaHR, the largest Irish employer in China, announced plans

for the further significant expansion of its operations. Announcing an

investment of €30 million, the company aims to provide full HR solutions

throughout China. The investment includes the launch this week of the

company’s HTLM5 mobile website which will significantly strengthen its

online offering. ChinaHR has a very strong presence both online and

offline, having grown by 60 per cent and placed 1 million jobs in the last

twelve months.

Clavis Insight, a technology leader at the forefront of the consumer

packaged goods (CPG) eCommerce revolution, announced the opening of a new

office in Shanghai to support their growing customer base in the

Asia-Pacific region. This comes at a time when China has surpassed the US

as the largest eCommerce market in the world.

Dublin-based Cylon Controls announced a Joint Venture (JV) in China with

Sinosteel. The estimated investment from Sinosteel will be approx. €6m, and

the JV will locally manufacture Cylon’s Building Management Systems which

are widely used in public building and commercial properties.

Datalex plc, a leading provider of e-commerce and retail solutions to the

travel industry, announced the opening of a new office in Beijing.

Keelings Solutions, a wholly owned subsidiary of Keelings Group, announced

that it will further expand its roots in China through co-operation with

the Bright Food (Group) Corporation Limited in fresh produce supply chain

innovation and standardization through its Shanghai subsidiary (Green

Island Keelings Solutions Information Technology – Shanghai). The deal is

worth in excess of €1m.

Ocuco, leading providers of retail software solutions and lab management

solutions to independent optical practices, medium sized groups, large

chains, optical labs and ophthalmology clinics announced the opening of a

new office in Shanghai to support their growing business in China.

Zenith Technologies based in Cork has partnered with the Chinese division

of ABB, a Global Electrical conglomerate, to provide state of the art

technology solutions and platforms for the emerging Chinese Life Science


Summit Bridge Capital, a leading technology growth capital investor and

manager of the China Ireland Technology Growth Fund, announced the creation

of a first-ever China-based executive networking and relationship group

that will connect C-level Irish Executives with their Chinese counterparts.

The high-level group, Sino-Irish Technology Executive Society (SITES), will

bring together leading technology executives from the Republic of Ireland

and the People's Republic of China for a number of forums each year to

promote cross-border trade.

Dublin-based company Fishtree, providers of one of the world’s leading

learning platforms, signed a strategic alliance to partner with SK Telecom,

Korea’s leading telecommunications company, and a global leader in

innovation. The partnership is focused on offering new and combined

solutions for classrooms all over the world, with leading hardware,

software and content solutions.

Kevin Sherry, Head of International Sales and Partnering with Enterprise

Ireland, who is accompanying Minister Bruton on the trade mission added: “A

key element of Enterprise Ireland’s strategy is to grow indigenous Irish

companies on a global scale. Ministerial-led trade missions provide a

strong platform to promote Ireland and Irish companies as strategic

partners across multiple sectors in growing markets like China, and

demonstrate how Enterprise Ireland can act as a conduit for international

buyers to Ireland’s world class goods and services. The announcements made

by Irish companies during this trade mission clearly demonstrate the

opportunities that exist for highly innovative and ambitious Irish

companies in China and Asia. Enterprise Ireland will continue to work

closely with our client companies as they grow their international

footprint and create much-needed jobs in Ireland”.