Irish firms fly into Farnborough to reap aviation and aerospace rewards
24 July 2018
An Enterprise Ireland trade delegation has visited the Farnborough International Air Show in the UK to promote Ireland’s growing capability in aviation and aerospace to international trade partners.
There are more than 250 companies active in the aviation and aerospace sector in Ireland
There are more than 250 companies active in the aviation and aerospace sector in Ireland, contributing more than €4.1 billion to GDP and supporting 42,000 jobs here.
A total of 10 Irish aviation and aerospace companies are exhibiting at Enterprise Ireland’s Irish Pavilion at the Farnborough International Air Show. The trade show is a strategically important platform to position Ireland as a source for high-quality aviation, aerospace and related services and to promote collaboration with the UK’s aerospace industry which has 17 per cent global market share.
A number of precision engineering companies will be exhibiting such as Croom Precision, Dawnlough Ltd, DPF Engineering, Takumi Precision Engineering, T&T Precision & Lenane Precision. As well as composite and plastic companies such as Eire Composites & Key Plastics; in addition, aviation and inward investment will be represented by Shannon IASC Group and the IDA on the Irish Pavilion.
The newly established Emerald Aero Group will also be represented at the Irish Pavilion. Supported by Enterprise Ireland, the Emerald Aero Group represents a trade grouping of 16 Irish aerospace companies who have joined forces to offer services and supplies in components of precision engineering, metal fabrications, plastics and composites.
Form consortiums and share widespread industry knowledge
The group facilitates growing Irish companies with key sector expertise to join forces, form consortiums and share widespread industry knowledge in a bid to win greater contracts against contending larger companies across the aerospace sector.
Representing the growth opportunities in the sector, Irish precision engineering company Dawnlough has announced the creation of 50 jobs as part of a €5 million investment to support its existing and future contracts, due to continued growth and success in the aerospace and medical device sectors.
The jobs will be created at its new 30,000-sq-ft facility in Galway city, which will open in September 2018. This will complement its existing 20,000-sq-ft facility.
Croom Precision also announced that it has been awarded with supply chain 21 status and subsequently the creation of 18 jobs. In achieving the accolade of AS9100 regulatory approval in September 2017, the company has experienced rapid growth following on several trade missions to companies such as Airbus, Rolls-Royce, Saffran and the South Carolina Chamber.
Two advanced manufacturing awards in 3D metal printing
Croom Precision has invested more than €2.8 million in manufacturing equipment to meet growing medical and aerospace demand. Its research and development activities have won two advanced manufacturing awards in 3D metal printing where its team has been recognised on an international level.
Shannon International Aviation Services (IASC) Centre also signed a new agreement with the European Aerospace Cluster Partnership in the presence of Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen TD. Shannon International Aviation Services Centre is the first Irish cluster to join this elite European cluster, providing an opportunity for Shannon IASC to co-operate on a European level to identify new projects, funding sources and development opportunities.
Minister Breen said: “Ireland is growing in strength in the aviation and aerospace sector each year. I’m delighted to see two Irish companies announce the creation of 68 jobs here today as well as the great news that the IASC aviation cluster in Shannon is joining the elite European Aerospace Cluster Partnership (EACP).
“Shannon IASC is not only the largest aerospace cluster in Ireland, but a cluster of pan-European significance. This combined news is a fantastic representation of how well the well the sector is performing and future potential.
“Farnborough International Air Show provides the Irish aviation and aerospace sector with an important platform to showcase Irish capabilities to buyers from all over the world as well as the opportunity to win business by developing new contacts in the region and identifying new opportunities.
$124bn worth of orders placed and commitments made at the last Farnborough event
“There was approximately $124 billion worth of orders placed and commitments made at the last Farnborough event two years ago. I very much hope the Irish companies represented at the Enterprise Ireland Irish Pavilion can tap further into this market, deepening relationships with the likes of Airbus, Bombardier, Boeing, Rolls-Royce, GKN Aerospace and related supply chains such as Rockwell Collins & Thompson Aero Seating.”
Tom Kelly, divisional manager, industrial, life sciences and consumer, Enterprise Ireland, said: “Ireland has a long and proud history in the aviation sector, which is now coupled with significant growth in the Irish aerospace supply chain, both in terms of capability and performance.
“The UK aerospace market, the largest in Europe, growing 39 per cent in the last five years, is a hugely important export market for the Irish aviation and aerospace market. The strength and international reputation of the Irish aviation and aerospace is well established, and we are focused on supporting the sector to capitalise on the clear growth opportunities in the UK and worldwide. Globally, the world’s airlines will need 38,000 new planes by 2036 to cater for projected growth.”
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