BORMAC

Interesting information stemming from the latest Food Drink Ireland report, 'Appetite for Growth' (the sectoral extract of the overall Ibec #Manufacturing in #Ireland report), where 58% of #food and #drink manufacturing firms rated the sector here as ‘good’ or ‘very good’, but that compares to a rating of 70% across all manufacturing sectors. This deficit in positive sentiment is largely attributable to firms' main challenges, particularly the #cost of #labour, but also the cost of raw #materials and of transporting goods. Food and drink manufacturers are also worried about the regulatory burden, as well as the investments they need to be making, like in #sustainability and #digitisation. On the plus side, the majority of firms expect export sales to rise in the months ahead - with nearly 40% predicting domestic sales will go up too. For context, the food and drink manufacturing sector accounts for half of direct expenditure by the entire manufacturing sector in the Irish economy (payroll, Irish materials and Irish services). https://lnkd.in/eyBtZdg7

An excellent piece here by Aidan McCauley, Northwest Regional Manager for IDA Ireland, explaining the many attractions of the North West region for #manufacturing and #enginnering businesses, amongst many others. Quite notably, companies setting up in the region can rely on attrition rates of typically less than 5% (based on the fact that you can combine a high quality of job with an excellent quality of life). #recruitment #retention #staff #manufacturing #engineering https://lnkd.in/ep9fmx6B

The InterTradeIreland Equity Advisory Clinics offer an excellent 'first step' for any business currently considering external investment. These clinics are taking place both this month (January), and next month (February), under the stewardship of Equity Expert, Drew O'Sullivan! Follow the link for more information! #FundRaising #EquityInvestment #Equity #Business #Manufacturing

Check out the following Executive Officer #job with InterTradeIreland, where the successful candidate will have the opportunity to play a key role in the success stories of many client businesses!

As the manufacturing sector on both sides of the border continues to re-emerge into the new working year, many organisations will start to revisit existing strategies, take stock of current operational plans, and consider in totality what the main challenges, but more significantly, main opportunities are, for 2025. For organisations currently undergoing this introspection process, Ibec's latest report ‘Manufacturing in Ireland – Facing Forward: Manufacturing Confidence Amidst Evolving Challenges’ offers some very useful insights and survey-based findings from across our industry. The report highlights manufacturing success in Ireland, its fundamental importance to our economy and presents the results of a 2024 survey, along with recommendations for continued growth and success in the sector. To download the report, visit: https://lnkd.in/edHb25pi At BORMAC, our mission is to help our industry partners with their challenges, but also to assist in capitalising on their many opportunities, and we have set ourselves up in a very purposeful fashion to achieve this, having 4 key ‘focus areas’ covering: (1) People, (2) Innovation, (3) Business Development, and (4) Networking, Peer Learning & Promotion.

Huge congratulations to Keith Moran, Darragh McMorrow and all the team at SL Controls Ltd on this significant milestone! This is great news for the organisation, a long time contributor to our Cluster, and a key player in many employment and development initiatives in the North West and Border Region! Well done to all!

We would like to wish all of our valued partners from across industry, academia and government, a truly Merry Christmas and a very Happy New Year! #MerryChristmas #HappyNewYear

The Annual Irish Medtech Rising Conference and Awards are on this Thursday in Galway. Really looking forward to an action packed day with a fantastic lineup of speakers. Then onto the Awards Celebrations that night, where so many amazing companies are shortlisted for Awards. Companies, like Lawrence Engineering Ltd, Arrotek Medical Ltd, Zimmer Biomet EMEA, Boston Scientific Cork, ICS Medical Devices, Freudenberg Medical, Johnson & Johnson MedTech, Harmac Medical Products, Stryker etc. Best of luck to all finalists. 👏 See you all Thursday.... DM me to connect on the day.. 🤝 Lawrence Engineering Ltd, SL Controls Ltd, OX Synergy, Advancing Innovation in Manufacturing (AIM) Centre, Digital Manufacturing Ireland, Irish Medtech, Irish Medtech Skillnet , Platform94, Skillnet Innovation Exchange, BORMAC, West / North West Lean Network, Lumenous Device Technologies Inc.

🚨 Final places available - Register now for Thursday 21st November 🚨 Register now for the Business Explorer Breakfast Series—a must-attend event for innovators and business leaders looking to navigate innovation supports and accelerate their innovation capabilities. This collaborative initiative, in partnership with InterTradeIreland, WiSAR Lab and Technology Gateway, PEM Technology Gateway , and the North West Regional College (NWRC), aims to connect businesses with the technical expertise and funding resources needed to accelerate their growth. Taking place in #Sligo and #Derry, this series is an ideal opportunity to explore funding opportunities and discover the latest advancements in Emerging Tech, Engineering, Hardware Design, and Software Development. Meet and network with experts from leading academic institutions who are ready to discuss how you can leverage cutting-edge technology to advance your projects. Why Attend? - Step-by-step insights on securing funding through the Business Explorer program - Direct access to industry-specific technical support - Updates on emerging trends in technology, engineering, and software - Real-world case studies on how SMEs benefit from working with technical experts Event Details: 📍 PEM Technology Gateway, Finisklin Business Park, Sligo Event: Business Explorer Breakfast Series – Collaborate to Innovate Date: 21 November 2024 Register: https://lnkd.in/ePFvghuw 📍 NWRC Springtown Industrial Estate, Springtown Rd, Derry Event: Business Explorer Breakfast Series – Collaborate to Innovate Date: 28 November 2024 Register: https://lnkd.in/eH8HMdSB Atlantic Technological University, Atlantic MedTech Cluster, Sligo Chamber of Commerce, BORMAC, Killybegs Marine Cluster, Local Enterprise Offices, Sligo Women in Business Network (SWIBN), Sligo Business, Sligo BID