Coillte
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This article relies on references to primary sources or sources affiliated with the subject, rather than references from independent authors and third-party publications. Please add citations from reliable sources. (October 2010) |
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| Type | Statutory Corporation |
|---|---|
| Industry | Forestry |
| Founded | 1988 |
| Headquarters | Newtownmountkennedy, Ireland |
| Area served | Ireland |
| Owner(s) | Minister for Agriculture, Fisheries and Food, Minister for Finance (on behalf of the Irish state) |
| Employees | 1,100 |
| Divisions | 3 (Coillte Panel Products, Coillte Forest, Coillte Enterprise) |
| Website | Coillte.ie |
Coillte (from Irish language, meaning Forestry) is a state-sponsored company in Ireland, based in Newtownmountkennedy. Coillte is a commercial company operating in forestry, land-based businesses and added-value processing operations.[1]
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[edit] Operation
The company was established on 8 December 1988 and is owned by the Minister for Agriculture, Fisheries and Food and the Minister for Finance on behalf of the Irish Government.[2] The new company replaced the old Forestry Commission. Coillte employs approximately 1,100 people[3] and has three subsidiaries. The Coillte estate is 4,450 square kilometres of which 79% is forest; it owns 70% of forests in the country.
Between 1989 and 2007 Coillte has:
- Increased its Forest estate from 376,000ha to 445,421 ha. (445,315 ha are forested).
- Increased the value of its net assets from €730 million to €1,433 million.
- Increased its profits from a loss of €438K to profits of €40.1 million (2007).
- Turnover has grown from €38 million to €318 million (2007).
- The % of revenue derived from products and services other than roundwood sales has increased from 9% to 66.5%.[4]
[edit] Future
As of 2011, there is speculation that Coillte could be sold by the Government of Ireland as part of cost-cutting measures.[5][6][7]
Coillte is currently seeking to calculate of the aggregate economic value of its 445,000ha of forest estate.[8]
Price tag put on Coillte [1]
[edit] References
- ^ Coillte Website
- ^ Companies Registration Office records, number 138108
- ^ Coillte website - About us section
- ^ Coillte Website History Page
- ^ "Bertie Ahern trip to China for forestry fund". http://www.tribune.ie/article/2010/dec/19/bertie-ahern-in-expenses-paid-trip-to-china-for-fo/. Retrieved 14 Jan 2011.
- ^ "Semi-State firms to be assessed". The Irish Times. 7 July 2010. http://www.irishtimes.com/newspaper/breaking/2010/0722/breaking62.html. Retrieved 14 Jan 2011.
- ^ Ruddock, Alan (14 March 2010). "Talks will be a charade if old delusions remain". Irish Independent. http://www.independent.ie/opinion/analysis/talks-will-be-a-charade-if-old-delusions-remain-2098793.html. Retrieved 14 Jan 2011.
- ^ "Evaluation of the Public Goods Value on the Coillte Forest Estate". http://www.etenders.gov.ie/search/show/search_view.aspx?ID=JAN196415. Retrieved 09 Feb 2011..
