COMPANY NEWS
Galway company wins space agency contracts
A company formed in 2006 to develop new technologies for space launchers and satellites, ÉireComposites Teoranta, has won contracts worth €1.9m with the European Space Agency (ESA) and will now employ three new engineering graduates. ÉireComposites Teoranta won the contracts to develop technologies
for next-generation space launchers and satellites with the support of Enterprise Ireland. Its technology is used in the design and processing of advanced lightweight compositematerials that can be used in aircraft, wind turbines, automotives and spacecraft. The ESA contracts will allow the company to develop the lightweight
materials to withstand extreme temperatures, pressures and turbulence and at the same time reduce spacecraft weight and launch costs. EireCompositesTeoranta was formed in April 2006 fromamerger of
four composites companies: Irish Composites (Ábhair Cumaisc Teo); CompositesTestingLaboratory (CTLTástáilTeo),PPATeo andGaoth- TecTeo. It employs 55 people.
From hurleys to briquettes
Torpey Wood Products, set up by John Torpey in 1981, is manufacturing wood briquettes using by-products from its existing hurley-manufacturing business. Torpey Wood Products manufactures between 50,000 and
70,000 hurleys a year. It has recently started manufacturing rounder bats and will be the sole supplier to the Rounders Association of Ireland. Themain aims of the briquettes project are to produce a supply
of eco-fuel from the waste produce of hurley and flooring manufacturing and to also supply the Irish market with a simple eco-fuel that has no additives whatsoever. “We were generating an enormous amount of ash waste, 500
tonnes at any given time, which is great quality. The briquettes have been going very well, and we’re putting in more equipment now to shred down the shavings evenmore,” saidTorpey.
Callinan Coaches creates 40 jobs
Almost 40 new jobs are due to be created by Galway-based Callinan Coaches as it has landed a dealworth in excess of €30m to take on the outsourced operations of Citylink Ireland. Under the terms of the five-year contract, Callinan Coaches
will carry in excess of onemillion passengers each year on 85 daily Citylink routes, which connect Ireland’s major cities and international airports. Claregalway-based Callinan Coaches currently employs 35
drivers and a number ofmaintenance staff to operate 14 non-stop services for Citylink, as well as a number of domestic and continental services. An additional 39 drivers will now be employed under the terms of the new contract. “The awarding of this outsourcing contract is an integral part
of Citylink’s strategy to secure the financial stability of the company and to reaffirm our long-term commitment to the Irish market,” said Cathy Cullen, managing director of Citylink. “The deal is great news for the travelling public as it
consolidates the level and quality of services currently being provided, while it also enables Citylink to refocus its marketing strategy going forward.”
VOL 3 ISSUE 3 2010 OWNER MANAGER 11
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