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Irish companies make €41m worth of deals during China and Korea mission

Irish companies agreed contracts worth just under €5m and investments of €36m in business opportunities in Asia during the trade mission to China and Korea this month.
 
The five-day programme involved 41 companies going to Beijing, Shanghai and Seoul, targeting export and investment opportunities across sectors including
financial services, clean technologies, ICT and medical devices.
 
Introductions were made, contacts developed and business relationships progressed from which significant increases in exports and jobs by Irish companies are targeted over the coming years, according to Enterprise Ireland.
 
Among the deals announced during the mission were:
  • Accuris Networks announced a strategic partnership with Autelan, the biggest Chinese-based Wi-Fi infrastructure provider to bring Wi-Fi offload to Chinese mobile carriers such as China Mobile, China Unicom and China Telecom as well as carriers in the Asia-Pacific region and Africa
  • OpenJaw Technologies, online technology partner to the world’s biggest travel brands, announced plans to grow its operation into Asia Pacific, from a new office base in Hong Kong
  • Med-tech firm ArraVasc, based in Galway, signed a new contract with a leading medical device distributor Shanghai Micro Medical worth at least US$3.5m of business for new peripheral vascular products. The contract will help to create at least 20 new jobs over the next two to three years.
  • Keelings Solutions, a subsidiary of Keelings Group, announced a deal worth over €1m expanding its roots in China through co-operation with the Bright Food (Group) Corporation in fresh produce supply chain innovation and standardisation through its Shanghai subsidiary (Green Island Keelings Solutions Information Technology – Shanghai).

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