How Rennicks are looking to the future with support from the Sustaining Enterprise Fund

/0 Comments/in , , , , , /by

“Covid-19 was an obstacle, but, thanks to Enterprise Ireland, it hasn’t thrown us completely off our desired path. The Sustaining Enterprise Fund has given us peace of mind and the stability to pursue the future we had planned for our business.”

Dolores Cantwell, Director of Finance & Operations, Rennicks Group Ltd.

Key Takeouts

  • Established more than 40 years ago, Rennicks Group Ltd. is an Irish company specialising in retro reflective products for the licence plate and traffic sign markets. The global pandemic halted factory operations, drastically impacting the company’s revenue stream.
  • Director of Finance & Operations, Dolores Cantwell, contacted Enterprise Ireland about applying for the Sustaining Enterprise Fund, who partnered with them to prepare documents for the financial assessment.
  • Funding from Enterprise Ireland has allowed Rennicks to meet its existing financial commitments and continue administrative operations, supporting the business as it plans for recovery and beyond.

Case Study: Rennicks

Rennicks is a Dublin-based company servicing the vehicle licence plate and road infrastructure markets in the United Kingdom and South Africa. The business has existed since 1976, but was the subject of a management buy-out in 2017. Director of Finance & Operations, Dolores Cantwell, says they were on an upward trajectory at the start of 2020, with solid numbers reported for the first quarter of the year, before the global lockdown landed.

“When Covid-19 hit we were worried,” says Cantwell. “Initially, it looked like there would be a complete shutdown with no revenue stream for at least four months. It was an extremely concerning prospect.”

Rennicks’ primary business involves a light manufacturing process, which means the business relies on its factory operations. The lockdown in Ireland prevented employees from working. The factory closed and all staff were sent home. Cantwell says their administrative team was forced to quickly adapt to a remote work style. The company was also forced to immediately assess its cost outlays, resulting in a combination of lay-offs and pay reductions across the organisation.

 

Searching for solutions

Thankfully, Rennicks has always maintained good relationships with its supply chain partners, which gave them some time, but they still had commitments to fulfill. After the initial shock of a global pandemic and a total halt in production, the team took stock and realized they would need to look outside of their existing resources for financial support if they were going to successfully ride out the storm.

“We saw the information about the Sustaining Enterprise Fund and contacted Enterprise Ireland,” says Cantwell. “The two team members they sent us were superb.”

She says Enterprise Ireland worked with Rennicks to gather and reformat its financial information for the SEF assessment. The team calmly worked through the numbers, showing an enthusiasm for the business that bolstered Rennicks and gave the team the confidence to move forward. Admittedly, Cantwell says, she expected red tape and political hurdles when applying for funding, but this wasn’t the case at all. Instead, she says they found a group of engaged, forward-thinking people at Enterprise Ireland, eager to support their business.

“The team at Enterprise Ireland couldn’t have been more responsive, open, and encouraging,” Cantwell says. “It was a breath of fresh air.”

 

Looking toward the future

Despite the global pandemic, Rennicks was able to continue a small portion of its distribution business. The supply chain was disrupted by lockdown and the company’s revenues still dropped 60%, but funding allowed them to meet their commitments and work toward recovery. Thanks to the Sustaining Enterprise Fund, Rennicks had the working capital to continue administrative operations during lockdown, allowing it to focus on its future. Currently, the business is working on a push into new markets, and is developing value-added propositions for its existing market in the UK. Cantwell says they did everything they could to support their customers during a difficult time.

 

“Our business has been built on providing quality products and excellent customer service,” she says. “During lockdown, it was our key priority to maintain contact with our customers.”

Cantwell’s advice for other companies impacted by Covid-19; Focus on the fundamentals, but be prepared to be flexible and to adapt to the changing situation. She believes if you continue to give excellent customer service, keep your eye on your goal, and are adaptable in your approach, you’ll eventually make it through.

“Business will come back,” Cantwell says. “In the interim, it’s important to stay customer-focused. Try not to get side-tracked. And do make use of the supports that are available.”

 

Click here to learn more about applying for the SEF. Contact your Development Advisor or our Business Response Unit to find out more.

Changing Construction – How GreenStart has Powered Passive Sills

/0 Comments/in , , , , /by

Cork-based company Passive Sills was created with a vision of making changes in the construction industry

The company could not be more timely in their mission as together building and construction are said to be responsible for a massive 39% of all carbon emissions in the world right now.  Passive Sills produces thermally efficient building products and offers environmentally friendly building materials and product options to the construction industry.

Globally, leading cities and companies are committing to a highly efficient and decarbonised building stock by 2050 but put simply – the Paris Agreement is demanding an even more ambitious built environment strategy than is currently there and for this to happen strong implementation is required.

The European Commission has recognised the vital role that the built environment sector can play in delivering the requirements of the EU2050 long-term strategy to become climate-neutral.

Passive Sills wanted to push forward on this with the help of Enterprise Ireland GreenStart funding and gain a clear picture of the environmental impact of manufacturing their products.

“In the construction industry, everything is going towards zero carbon emissions.  It’s going to be a requirement in EU legislation anyway and taking into account the Paris agreement and what this country, the world and individual companies are doing to reduce emissions, it made sense for us to get on board as soon as possible”, explains spokesperson Janice O’Leary.

“We want to spread the word and change the way people think when they are building. They have the option to move away from heavy concrete and go for lightweight more thermally efficient options.  New Nearly Zero Energy Building (NZEB) standards requirements are a reality now and people are making more informed choices as it’s all about future proofing.  Our products including our insulated window sills and oversills suit most types of construction projects, have a lower carbon footprint and are 64% more thermally efficient than concrete, reducing cold bridging. They also have almost half the embodied carbon of concrete alternatives.”

 

Support from GreenStart

So how did Enterprise Ireland GreenStart support Passive Sills?  The company had very clear goals – to carry out a Life Cycle Assessment (LCA) of their products to understand clearly all the processes and materials that have an impact on the environment and to produce a Product Environmental Footprint (PEF) and a public Environmental Product Declaration (EPD) which now sits proudly on their website. Passive Sills also wanted to produce an Organisation Environmental Footprint (OEF) for their custom manufacturing facility in Youghal.  In addition, they wanted to receive access and training for a new online reporting tool called Ecochain, to generate detailed reports for clients.

“The Enterprise Ireland GreenStart grant helped us to nail all of this down. While we needed a lot of information for certain calculations and it did take time, we were able to calculate our carbon footprint and were pleasantly surprised with some of the results that we found. We have now also launched a new website – lightweightmouldings.ie – offering a full range of lightweight decorative mouldings and we’re expanding our product range.”

“The GreenStart process made us think in a slightly different way.  All of this was something that we would have had to do in the future anyway – specifically we knew the requirement for an Environmental Product Declaration (EPD) would be coming down the line – and Enterprise Ireland gave us a push to get it done now.”

“We were more than happy with the process and what we achieved and we would highly recommend the process to other businesses.”

 

To get your business ready for a green future visit Climate Enterprise Action Fund or contact the Climate Action Team

 

One Planet. One Health – Danone and GreenPlus

/0 Comments/in , , , , , , /by

“The health of people and the planet are intertwined.  You can’t have one without the other”, states Mark Stafford, Nature and Sustainability Manager at Danone, Wexford.

Danone’s mission is to bring health through food to as many people as possible with high quality products contributing to all life stages. This is where sustainability and the environment comes in and it is one of the four key pillars at the company – they have now adopted ‘nature’ as a business fundamental for all supply points and sustainability roadmaps for their brands.

The company used Enterprise Ireland’s GreenPlus scheme to empower line management and teams to manage and improve energy performance at basic unit level and they have now achieved certification to the prestigious ISO 50001 International Energy Management Standard.  This standard aims to help organisations to continually reduce their energy use and therefore their energy costs and their greenhouse gas emissions.

Through their work with GreenPlus, the Energy Management System (EnMS) at Danone has now been implemented successfully across the site, system accreditation has taken place and a number of energy saving opportunities have been identified. This has enabled the company to implement solutions and their annual energy savings are now measured and verified.

So how was their journey with Enterprise Ireland’s GreenPlus and what were their main challenges? Peter Pearson, Nature Co-ordinator explains: “We started looking at the gaps and found the biggest gap was metering.  Data monitoring and reporting systems presented a challenge as the metering available on-site did not satisfy our requirements with regard to reporting detail and frequency”.

“Going down the ISO 50001 route focused our minds on the areas we needed to tackle. It raised awareness within the company.  It identified savings and improved our knowledge on the use of energy onsite.  We found the process easy to navigate and it was fairly straightforward. It was great to have the support of Enterprise Ireland and it was very helpful.”

Danone aims to become carbon zero across their value chain by 2050 and to do that all elements of the business need to become carbon neutral. “Our plant in Co. Wexford has become the first infant formula production site in the world to be certified as carbon neutral.”

“Our net zero carbon rating has been certified by the Carbon Trust, an independent global climate change and sustainability consultancy,”  said Stafford

Explaining the benefits across Danone of engaging with GreenPlus, he pointed out that “We needed buy in from management which we quickly achieved and it was also important to make all employees aware of where we needed to get to and our ambitions. We weren’t surprised that through the GreenPlus process we identified many opportunities – we knew they were there but just didn’t have visibility of them.  The process helped us to pinpoint exactly where we needed to make improvements”.

“As part of our roadmap for the project there was also a huge focus on energy reduction and efficiencies and implementation of the ISO 50001 was crucial to that journey”.

From a business perspective, Mark Stafford and Peter Pearson point out that consumers and customers are looking for sustainability more and more and all the research backs this up.  The expectation is there and that goes for all activities within a company.

“The feedback is that people want more sustainably produced products and environmentally friendly products.” 

“All employees are now aware of where we need to get to.  We have nature champions across our business units and they are now bringing in their own ideas in relation to sustainability and the environment for our brands.  There are a lot of projects now going on in the company. This includes our intention for all of our supply points and business units to be BCorp certified. We know where we are and where we need to get to and what we want to achieve.  We are very focused.”

 To get your business ready for a green future visit Climate Enterprise Action Fund or contact the Climate Action Team

Key questions to ask at your Canadian Market Advisor meeting

/0 Comments/in , , , , , , , , , , /by

Canada is an affluent, high-tech industrial society with a market-oriented economy, low inflation and high living standards and has recently strengthened its close trading relationship with Ireland.

If you are considering doing business in Canada, your first step should be a call with our team in Toronto.

    The questions below were designed to help Irish businesses get the best out of their first Market Advisor call

    • What should I be aware of as I start to think about exporting to Canada?
    • Do I need to localise my products or services for Canada in any way?
    • Are there any differences between Canada and the USA market?
    • Is there a trade deal or are there any trading barriers I should be aware of?
    • Do I need a local presence and is it easy to establish one?

    Set up a call with our team in Toronto today and also check out our Going Global Guide.

     

    Enterprise Ireland’s top tips for entering the Canadian market can be viewed by clicking the graphic below.

    Patrick Torrekens, Head of the Enterprise Ireland BeNeLux

    Market Watch – Benelux

    /0 Comments/in , , , , , /by

     

    Overview

    • The BeNeLux countries (Netherlands, Belgium and Luxembourg) are working hard to return to normal business practise.

    • Health and safety remain a prime concern so remote working and virtual meetings will continue to be in place for some time to come.

    • Continued communication with clients is vital.

    • Opportunities are available in the biopharma, digital connectivity, and biotech sectors.

    Like the rest of Europe, the BeNeLux countries are working hard to return to some level of normality after Covid-19. And Patrick Torrekens, Head of the Enterprise Ireland BeNeLux team, says despite the fact that remote working remains in place, business is beginning to pick up in the region.

    “Just like many people across the world, I have been working from home for the past few months and here in the BeNeLux countries, remote working, particularly for the services industry, is still the recommended norm as part of the three countries’ re-entry strategy,” he says.

    “However, more and more production facilities, construction sites, engineering plants and office buildings are gearing towards full capacity and the ports of Antwerp and Rotterdam are fully operational with authorities doing everything to maintain the flow of goods in and out of the three countries.”

    Torrekens says health and safety remain the prime concern and the necessary measures have been taken to ensure social distancing on the work floor, on public transport and in public places. While industry heads and Government are doing everything they can to get everything up and running once more.

    “Things are not back to normal as yet, but the Dutch, Belgians and Luxemburgish, are keen to see business pick up again as quickly as possible,” he says. “When we are talking to buyers in our markets, we still hear that their focus is on adapting to the new reality on making their supply chain, and other critical processes, Covid compliant.

    “So any solution which helps them to achieve Covid compliance gets their full attention and that is why it’s so important to stay closely connected to your clients as they are also turning to their existing client base for inspiration and support at the moment. But BeNeLux decision makers are not currently looking at new investment projects so expect a delay in the sales cycle, be patient and stay connected with your in-market contacts.”

    But despite the delay in returning to normal, he says business is definitely moving in certain sectors and some markets remain buoyant.

    “There are opportunities and exceptions to be found, particularly in the sectors of high relevance for trade with Ireland,” says Torrekens. “The BeNeLux region is a hot spot for pharma and biotech research and innovation and it is expected that multinationals such as Johnson and Johnson, with research facilities in the Antwerp region, will invest in new laboratories for vaccine production and other virus related research.

    “So it is encouraging to see that some Irish companies are already preparing to play a part in this by strengthening their teams in markets.”

    The past few months have clearly pointed at the strategic need for digital infrastructure and the Netherlands, in particular, is a frontrunner in digital connectivity and continues to invest in its infrastructure.

    The Enterprise Ireland regional manager says communication is vital during these strange times, so Irish companies must do all they can to stay in touch with their clients.

    “An interesting fact to mention is that the Netherlands has witnessed the highest global growth rate of virtual meetings held over digital platforms in the past weeks,” he says.
    “So rest assured that if your contacts are not available for face to face meetings, they are definitely open, and accustomed, to online sessions. And please remember that the travel restrictions which are currently in place in the Netherlands, Belgium and Luxemburg should not prevent you from reaching out to existing clients and new prospects.

    “Finally Belgians and Dutch and Luxemburgish people have massively turned to online commerce and businesses have adapted their sales channels to accommodate this. This has given an extra boost to businesses in IT, and professional service but also in transport and logistics.

    “Ultimately, your solution will stand out if you have a strong value proposition which gives you a good chance to win more business in this region. And our teams stand ready to support you with advice and hands on support, so do get in touch, virtually for now, but hopefully face to face soon.”

    Get key insights on doing business in BeNeLux and the supports available from Enterprise Ireland.

    Evolve UK – Pharma Manufacturing Sector webinar

    /0 Comments/in , , , , /by

     

    This webinar forms part of the Evolve UK Webinar series and provides an overview of the UK Pharma sector including the regional clusters and the main UK pharma manufacturers.

    Hosted by Laura Brocklebank, Senior Market Advisor for UK Manufacturing and Heike Owen from Shibumi Consulting Ltd the webinar will look at the opportunities, challenges and hot topics in the UK Pharma sector. 

    Download the supporting report here. 

    Evolve UK – Local Authorities webinar

    /0 Comments/in , , , , /by

     

    This webinar forms part of the Evolve UK Webinar series and gives an insight into  how UK local authorities are developing new ideas and innovative ways of providing services.  With more than £100bn expenditure per year on a wide range of services across the UK, it is an attractive proposition for any supplier.

    Hosted by Enterprise Ireland’s Laura Brocklebank with expert insights from Go-Exporting’s Mike Wilson, the webinar will examine:

    • Changes in Local Authorities Structure

    • Local Authority Funding Update

    • Key Investment Areas of councils

    • Opportunities for Irish suppliers

    • Impact of Covid-19 on UK local authorities

    PIXAPP – Shedding light on PIC packaging

    /0 Comments/in , , , , , , , , , /by

    “PIXAPP is more than just a project; like all Horizon support I look at it as seed funding to grow your activity.”

    Professor Peter O’Brien, Director of PIXAPP Photonics Packaging Pilot Line Horizon 2020 open call project

    Overview:

    • Tyndall National Institute in Cork is leading an international consortium that is establishing ‘best in class’ photonic integrated circuit (PIC) packaging technologies
    • The PIXAPP project is funded by the European Union’s Horizon 2020 research and innovation programme
    • The European Commission has recognised PIXAPP as a flagship pilot manufacturing capability in Europe.

    Photonics is the future. In devices ranging from hand-held cardiovascular monitors to self-drive cars, photonic integrated circuits (PICs) are revolutionising technology, enabling significantly higher capacity and speed of data transmission.

    Its huge potential to address socio-economic challenges in areas such as communications, healthcare and security, has led the European Commission to invest heavily in programmes to advance PIC technologies. But with most developments focusing on the PIC chips, the challenge now relates to packaging, that is, connecting the chips to the real world though optical fibres, micro-optics and electronic control devices.

    To address the challenge, a €15.5m project, involving 18 partners and led by the Tyndall National Institute in Cork, has established the world’s first open access PIC assembly and packaging manufacturing line, PIXAPP.

    “The assembly and packaging challenges are considerable and it’s hugely expensive for manufacturers. PIXAPP provides a single point of contact, the Gateway, at Tyndall, through which businesses can access expertise in industrial and research organisations across Europe to translate their requirements into the best packaging solution. It’s a major step forward to enable the conversion of R&D results into innovative products,” explains Professor Peter O’Brien, co-ordinator of the Horizon 2020-funded PIXAPP pilot line.

    The importance of sustainability 

    When PIXAPP started in 2016, the ability to package PICs was dispersed across several European companies and institutions, each of which could only do a few steps in the process.

    “Our aim was to make a diversified, distributed pilot line, which meant coming up with a common language of design, materials and equipment standards that could seamlessly move across different countries.” says O’Brien.

    With PIXAPP due to end in October 2021, the issue of sustainability is key to ensuring progress in the area of PIC packaging continues.

    “One of the key things we had to show in our Horizon 2020 proposal was a sustainability plan. We can’t just walk away after four years. We’re now engaged with over 120 companies around the world and many of them are gearing up to do the whole packaging process themselves, working with the technology standards we’ve developed.

    “Ultimately, that’s what success looks like for us, where we can step back and industry takes on the high volume packaging work. There are still risks involved for companies but we can help reduce those by sharing or advising on equipment and we can train their engineers, which is an important part of what we’re doing.”

    O’Brien’s team has also secured funding from the Disruptive Technology Innovation Fund, which will help with regional sustainability.

    “When we got the DTIF funding the Commission was delighted because that’s the kind of regional investment they want to see,” says O’Brien.

    Insights for Horizon 2020 success 

    Applying for Horizon 2020 support can be daunting but O’Brien has extensive experience and offers some insights.

    The key to a successful proposal is addressing the call requirements, in terms of scientific excellence, impact from project results including dissemination and structure of the workplan. It is also important to ensure the proposal reads as one document, rather than a large number of small documents complied by partners into a single proposal. Ideally, the coordinator should write the full proposal, taking input from all partners. This will ensure the proposal has one voice, making it easy for reviewers to read, understand and enjoy.

     “Enterprise Ireland gave us support to write the proposal and it’s important to use their expertise as well,” says O’Brien.

    The right partners are also central to success.

    “You need to have partners that you trust and who trust you, so you have a shared vision, and you need to work with them well in advance; don’t form consortia based on a call. Our funding success is is high, and we like to work with the familiar partners but it’s also exciting to work with new partners who can bring new technologies and insights. Spending time out of the lab meeting partners, including new partners is important. Visits to Brussels to are also important to stay ahead of upcoming calls and as a central location or HQ to meet partners and future collaborators.”

    Tyndall’ photonics packaging group is currently involved in 15 European projects and has recently participated in €19m project for a new Photonics Innovation Hub called Photon Hub Europe.

    O’Brien also feels strongly that projects should not be seen in isolation.

    “All our projects are strategically aligned so we’re leveraging capabilities from one project to another. A focus on your core technical capabilities is important. And it’s a continuous thing. You have to keep working on proposals, stay up to speed, don’t dip in and out.

    “The big benefit of being involved in Horizon projects is the contacts networks and the relationships that you make. You should think of the funding as seed funding to grow your activity. I don’t like the word project, because that suggests it’s done when it’s done. I think the Commission likes to think that every project is seeding something else much bigger.”

    For advice or further information about applying for Horizon 2020 support please contact HorizonSupport@enterprise-ireland.com or consult www.horizoneurope.ie

     

    How Connemara Marble continued to innovate with support from the Sustaining Enterprise Fund

    /0 Comments/in , , , , , /by

    “Thanks to the Sustaining Enterprise Fund, we are one step closer to recovery. In the meantime, we’re continuing to innovate. Enterprise Ireland genuinely gave us hope.”

    Stephen Walsh, Managing Director, Connemara Marble

    Key Takeouts

      • JC Walsh & Sons, Ltd. and Connemara Marble have been in business for 75 years and a partner of Enterprise Ireland for nearly as long. They specialise in tourism retail, religious goods, and marble jewelry sales.
      • The Covid-19 pandemic and world-wide lockdowns hit the majority of their sales very hard. As a result, Managing Director Stephen Walsh reached out to Enterprise Ireland and applied for the Sustaining Enterprise Fund.
      • The funding provided by Enterprise Ireland allowed Connemara Marble to reposition their business to focus on television and online sales, worldwide. They are back up to 50% capacity and foresee a steady recovery over the next year.

      Case Study: Connemara Marble

      JC Walsh & Sons, Ltd. has been in the tourism retail, religious goods, and jewellery business for 75 years. This third-generation family business owns and operates the oldest Connemara marble quarry in Ireland. They are also a longtime client of Enterprise Ireland. Managing Director Stephen Walsh remembers when his father joined a trade mission to Washington, D.C. in 1963. He stood in the Rose Garden at the White House with John F. Kennedy just months before he was assassinated. Connemara Marble has been a solid piece of the Irish business landscape for many years—and then Covid-19 happened.

       

      As a business heavily reliant on tourism, their major trading season begins on St. Patrick’s Day, March 17th, and continues throughout the summer. The Irish lockdown was implemented on March 12th, 2020.

      “For us, the timing of lockdown was terrible—every cent we had was tied up in stock,” says Managing Director Stephen Walsh. “We were looking forward to a big year of sales. We were ready to fly and suddenly the wind completely changed direction.”

      Travel bans meant tourists disappeared. Connemara Marble’s religious goods market is aimed at an older crowd, who were all cocooning, as recommended by health officials. Churches were closed, pilgrimages cancelled, and sales came to a halt. Their exports business suffered, too, as presidential museums, cathedrals, and other destinations in the US and UK were closed. All that was left was their online and television sales. This remaining revenue stream was encouraging, but Walsh recognised that their business was going to need outside help if they were to survive this global pandemic.

       

      A partnership with Enterprise Ireland

      “One of the first calls I made was to Enterprise Ireland,” Walsh recalls. “They came back with an immediate response.” He was extremely thankful for the quick, positive response and agreed he first step was for Connemara Marble to work with a finance business growth advisor. Following that report, Enterprise Ireland supported the company to prepare a sustainment plan for the struggling business. A consultant came up with a strategic plan forward, which Walsh says was absolutely crucial. After this phase, they were able to apply for the Sustaining Enterprise Fund.

       

      Walsh says, “Enterprise Ireland gave us support, encouragement, and belief. They were like the cavalry coming over the hill.”

      Since Connemara Marble had tied all of their capital up in stock for the year of sales that never came, receiving the Sustaining Enterprise Fund gave them a vital influx of cash to get the rest of the business up and running. They bought raw materials to facilitate the shift to online sales. They also put money back into web development and promotion of their online business.

       

      The future of Connemara Marble

      “The Sustaining Enterprise Fund gave us the cash to support our existing business and invest in new products,” says Walsh. “Most importantly, we’ll be able to sustain our business and stay above water until recovery comes.”

      Walsh says he does not see any prospect of recovering the tourism retail business until Summer 2021, at the earliest. Instead, they are concentrating on their partnership with the shopping channel, QVC. Normally, Walsh would appear live from their studios in Pennsylvania. Due to Covid-19, they have transitioned to Skype appearances. This gives the viewer a direct window into the seller’s home, which Walsh says seems to have been a game-changer. The response has been very positive and sales with QVC have doubled since 2019. “If this is what the viewer is responding to, we’ll stick with it,” says Walsh. “It’s been a pleasant surprise to see how the market has responded to this new way of doing things.”

      Today, Connemara Marble are running at about 50% capacity, which is in line with their strategic financial plan. Walsh says with this sort of turnover, they can survive this unexpected year. He acknowledges they still have a journey ahead of them, but says they are better situated than he first thought possible.

      Walsh says, “Thanks to the Sustaining Enterprise Fund we are one step closer to recovery. In the meantime, we’re continuing to innovate. Enterprise Ireland genuinely gave us hope.”

      His advice to other companies suffering due to fallout from the global pandemic? First, call Enterprise Ireland. Then, cut overheads and concentrate on the parts of your business that haven’t been negatively impacted by Covid-19. Look around corners, search for new opportunities, and never give up.

      Click here to learn more about applying for the SEF. Contact your Development Advisor or our Business Response Unit to find out more.

       

      Key questions to ask at your Vietnamese Market Advisor meeting

      /0 Comments/in , , , , , , , , , /by

      Successfully selling into the Vietnamese market earns you credibility internationally and can be a gateway to many other overseas markets.

      If you are considering doing business in Vietnam, your first step should be a call with our team in Vietnam.

        The questions below were designed to help Irish businesses get the best out of their first Market Advisor call

        • How does the market look like for my products/services?
        • Is there a demand for my products/services?
        • Who are the key players existing in the market? Competitor analysis?
        • What is the usual route to export to Vietnam?
        • What is the business culture like in Vietnam?

        Set up a call with our dedicated team today, and be sure to check out the Going Global Guide 

         

        Enterprise Ireland’s top tips for entering the Vietnamese market can be viewed by clicking the graphic below.

        Large ship with containers in port

        Customs – Country of Origin

        /0 Comments/in , , , , , , , , , , , , /by

        When it comes to customs, the country of origin of a product is critically important. And to all intents and purposes, the world is divided in three – EU member states and preferential and non-preferential countries.

         

        Preferential Countries

        Goods of EU origin travel freely within the EU, with no customs to deal with. Preferential countries are those with trade agreements with the EU, and all other countries fall into the non-preferential category.

        Exports to and from preferential countries are subject to the rules of the trade agreement. For Irish exporters, this means proving that the goods involved are of EU origin. Importers must establish that the goods are of preferential origin, i.e. that they came from the country with the trade agreement.

         

        Non-Preferential Countries

        Normal WTO rules apply to non-preferential countries. This means first establishing the origin of the goods in question and then looking up the EU TARIC site to get the code for the goods and finding the relevant tariffs and other rules such as anti-dumping or quota restrictions which might apply.

        Origin is essentially the economic nationality of the goods being traded. In some cases, this is easily established. These are instances where products are what is known as wholly obtained in a country. This means they have been entirely produced in that country without any goods from other countries being utilised in the end product.

         

        Value-Added Rule

        This would normally apply to fruit or vegetable products or basic cuts of meat. Spanish strawberries or Dutch tomatoes would be examples.

        Things get a little more complicated with prepared consumer foods like frozen pizzas or other ready meal products like lasagne. The increasingly complex and globalised supply chains involved in the manufacture of such products can call into doubt their country of origin. So, a pizza manufactured in the EU, but with many of its ingredients sourced from countries outside the EU, could present an interesting case.

        Origin in these cases is determined by where what is known as substantial transformation has taken place. This is decided by the value-added rule which, broadly speaking, means where most value has been added. In the case of the Irish manufactured pizza or ready meal, if the value of the finished product is significantly greater than the sum of its third country ingredients, it is deemed to be of EU origin.

         

        Certificates of Origin

        Certificates of Origin are required for goods being exported to countries with trade agreements with the EU. Certificates may also be required for other countries depending on the destination e.g. certain Arabic countries. Many large exporting companies have an Approved Exporter for Simplified Origin Procedure status with Revenue, and this allows them to self-certify their exports to countries with EU preferential origin status.

        Companies without this Approved Exporter status have to apply for a EUR 1 certificate from Revenue for each consignment of goods to preferential countries. For newer preferential agreements with Japan and Canada, EU exporters can simply register in the REX system, without applying to Revenue for Approved Exporter status. They can then declare their exports to Japan and Canada as having EU preferential origin by means of a statement on origin placed on an invoice or other commercial document.

        Where the goods are destined for a non-preferential country, a Certificate of Origin can be obtained through Chambers Ireland or one of its members.

        For further information, go to a customs broker for advice or to your local chamber of commerce. If you are still in doubt after that, you will find further information on the Origin section of Revenue’s website or contact the Revenue Commissioner’s Origin and Valuation Unit.

        Market Watch Construction

        Market Watch – Construction – Industry Bulletin no.3

        /0 Comments/in , , , , , , , , , , /by

        The third global market bulletin for the construction sector features updates from Enterprise Ireland’s overseas market advisors across four continents.

        As the sector unlocks and construction sites reopen, this report provides a snapshot summary of insights for companies working in the international construction industry.