A ‘Manufacturing Ireland’ campaign and new association, the Irish Manufacturers Association (IMA) has been launched by Ibec today.
Irish manufacturing employs 159,000 people, making it the second largest employer in the country and a vital component of the economy. There are over 4,000 manufacturers throughout Ireland, 82% are based outside the Dublin region.
Manufacturing firms purchase over €12bn from Irish suppliers each year and invest over €3.4bn in the Irish economy. Manufacturing output accounts for 24% of Ireland’s total economic output and accounted for the majority of Ireland’s €92.62bn in exports during 2014.
The new campaign is lobbying the next Government to commit to spending an additional €10 billion on infrastructure projects by 2020. The campaign is also calling for new funding options for SME manufacturers that need capital to achieve growth and scale.
An Ibec AIB Manufacturing Survey, carried out for the launch of the association, showed that 71% of manufacturing respondents export and 51% viewed increased demand in overseas markets as a key opportunity.
For 73% of survey respondents, operational excellence with firms was their number one critical production issue. Employment in the sector is strong and 63% are investing in hiring new staff in the coming year and 33% increased their employee numbers in 2015.
Furthermore, the survey indicated that 88% specified investment in technology and IT as a key priority over the next three years.
Newly appointed Director of the Irish Manufacturers Association, Avine McNally said, "Ireland can be a world leader in quality manufacturing, but we need to get the business environment right.
"We need to be competitive, but we also need to share best practice, better support cross sectoral collaboration and ensure our workforce is up to the task. We also need to significantly upgrade our national infrastructure, this requires major new investment."
Source: www.businessworld.ie
