IRELAND THE LOCATION FOR SUSTAINABLE GROWTH

IRELAND THE LOCATION FOR SUSTAINABLE GROWTH

IRELAND HAS ALREADY BEEN CHOSEN AS A LOCATION FOR INVESTMENT BY MAJOR FOOD AND DRINK COMPANIES LIKE DANONE, COCA-COLA, PEPSICO, ABBOTT, DIAGEO, FERRERO, CADBURY, ARYZTA AND MANY OTHERS.

SOME OF THE WORLD S BIGGEST BRANDS HAVE MADE IRELAND THE HUB OF THEIR EUROPEAN ACTIVITIES. IRELAND IS PROBABLY THE MOST OPEN ECONOMY IN THE DEVELOPED WORLD, AND HAS BEEN ATTRACTING MOBILE INVESTMENT FOR MORE THAN 50 YEARS. OVER 1,000 COMPANIES, INCLUDING SOME OF THE BIGGEST BRANDS IN THE WORLD, HAVE PUT IRELAND AT THE HUB OF THEIR EUROPEAN ACTIVITIES, TO TAKE ADVANTAGE OF THE WORLD- BEATING RETURN ON INVESTMENT THAT IRELAND OFFERS. Ireland is a welcoming, probusiness environment for highvalue manufacturing, global business services and research, development and innovation. Enterprise Ireland works with companies in the food, beverage and natural resources sectors to find ideal locations, to grow and develop their businesses, and to integrate with the world-class food research and development infrastructure that exists here. 01

QUALITY INGREDIENTS HAVE ATTRACTED THREE OF THE WORLD S TOP PRODUCERS OF INFANT MILK FORMULA TO CHOOSE IRELAND AS A MANUFACTURING BASE, FROM WHICH THEY SUPPLY 10% OF THE WORLD S EXPORTS DANONE, ABBOTT AND PFIZER IRELAND IS A PREMIUM FOOD PRODUCER WITH BIG AMBITION. IRELAND IS RENOWNED FOR THE QUALITY OF ITS FOOD AND DRINK. OUR CLEAN, GREEN ENVIRONMENT AND LUSH LANDSCAPE PROVIDE THE WORLD S BEST INGREDIENTS. The majority of Irish milk produced is from fresh green grass, livestock are predominantly grass-fed, there s a long growing season and a temperate climate, all of which foster quality over quantity. The food and drink sectors are strategically important to Ireland s economic future. This future includes strong growth in primary and value-added output. For example, between 2015 and 2020, milk output will grow by 50% - that s an additional 2.5 billion litres of milk per year, offering huge potential for new valueadded dairy processing in Ireland to feed growing global demand. 02

IRELAND S FOOD AND DRINK INDUSTRIES ARE SUSTAINABLE. THE ISLAND OF IRELAND HAS A POPULATION OF: 4.6 MILLION PEOPLE IT PRODUCES ENOUGH BEEF FOR: 30 MILLION PEOPLE PER ANNUM & PRODUCES ENOUGH DAIRY FOR: 50 MILLION PEOPLE PER ANNUM GREENHOUSE GAS EMISSIONS PER KG OF MILK Agriculture in Ireland is based on generations of familyrun farms and co-operative enterprises. This heritage means that food production is deeply ingrained in Ireland s culture. 2.0 1.5 1.0 0.5 0.0 Ireland Italy France UK Germany EU27 average Netherlands Denmark Source: EU Commission JRC, 2011 Rigorous standards in animal welfare, quality, traceability, food safety and disease control are in place and support large-scale production, and can sustain future growth in the sector. Ireland s environment and natural resource base makes food production sustainable and environmentally friendly the carbon footprint of Irish food production is among the best in the EU. DANONE GROUP VIEW IRELAND AS A GOOD PLACE TO DO BUSINESS. IT HAS AN OPEN ECONOMY, PEOPLE WITH A CAN-DO AND FLEXIBLE ATTITUDE, AND ABOVE ALL OUR IRISH OPERATIONS HAVE CONSISTENTLY DELIVERED SIGNIFICANT GROWTH AND PRODUCTIVITY YEAR-ON-YEAR. Donal Dennehy Head of Operations Nutricia Infant Nutrition Ltd (Danone Baby Nutrition) 03

IRELAND S LOW-TAX AND BUSINESS-FRIENDLY REGIME MAKE IT A COMPELLING LOCATION FOR FOOD AND DRINK INVESTMENT. 40 35 30 25 20 15 10 5 0 % CORPORATION TAX HEADLINE RATES Ireland Singapore Russia *Switzerland China Netherlands UK * Blended or capital city rates used for illustrative purposes Luxembourg *Germany Belgium France *USA Source: PWC 2011 IRELAND HAS THE WORLD S MOST COMPETITIVE CORPORATE TAXATION, INCLUDING LOW REAL CORPORATE TAXES, AND TAX-BASED INCENTIVES FOR R&D, INTELLECTUAL PROPERTY ACQUISITION AND HEADQUARTER OPERATIONS. CORPORATE PROFITS ARE TAXED AT 12.5% FOR ALL TRADING PROFITS. Ireland also has an extensive network of tax treaties and double taxation agreements. In global competitiveness rankings, Ireland consistently ranks as having one of the most attractive real corporate tax rates in the world. According to the World Bank, Ireland ranks 10th out of 183 countries in the world for ease of doing business, and first in the Eurozone. The competitiveness of Ireland has also improved since 2008, with reductions in real labour costs and business costs including energy, private rents, office rents, services and construction. 04

IRELAND HAS INVESTED IN CREATING THE RIGHT INFRASTRUCTURE FOR FOOD AND DRINKS INDUSTRIES. IRELAND HAS PROVEN TO BE AN IDEAL LOCATION FOR OUR PRODUCT DEVELOPMENT CENTRE, DUE TO THE HIGHLY SKILLED TALENT AVAILABLE AND THE FAVOURABLE INVESTMENT ENVIRONMENT THAT SUPPORTS OUR R&D ACTIVITIES AND INFRASTRUCTURE PROJECTS. Tom Mulqueen VP Global Operations Pfizer Nutrition ACCORDING TO THE WORLD BANK, IRELAND RANKS 10TH OUT OF 183 COUNTRIES IN THE WORLD FOR EASE OF DOING BUSINESS, AND FIRST IN THE EUROZONE. In research and development, the Irish state has invested in an advanced infrastructure - led by industry - to create breakthrough innovation. For example in dairy, Ireland has made a significant investment in building capability in the form of Food for Health Ireland, a pioneering industryled research collaboration focussed on mining of milk for new functional ingredients. The sub-supply base that has grown up around the food, biopharma and ICT sectors in Ireland also means that services for building and operating the most modern and efficient manufacturing plants in the world are available in Ireland. 05

IMD WORLD COMPETITIVENESS RANKINGS 2012: 1 st IN THE WORLD FOR SKILLED LABOUR IRELAND S WORKFORCE, DEMOGRAPHICS AND SKILLS DELIVER SUPERB RETURN ON INVESTMENT. 1 st IN THE WORLD FOR FLEXIBILITY AND ADAPTABILITY IRELAND HAS THE YOUNGEST WORKFORCE IN EUROPE - WELL-EDUCATED, FLEXIBLE AND WITH A CAN- DO ATTITUDE. THIS IS WHY OVER 1,000 GLOBAL CORPORATIONS LIKE PFIZER, ABBOTT, INTEL, GOOGLE, IBM AND MERCK CONTINUE TO REINVEST IN IRELAND AS A EUROPEAN MANUFACTURING AND SERVICES HUB 1 st IN THE WORLD FOR INVESTMENT INCENTIVES 2 nd IN THE WORLD FOR OPENNESS TO FOREIGN INVESTMENT 2 nd 4 th 2 nd IN THE WORLD FOR BALANCE OF TRADE IN THE WORLD FOR CORPORATE TAXES AND REAL CORPORATE TAXES IN EUROPE FOR OVERALL PRODUCTIVITY IMD reports that Ireland s work force is consistently the most flexible and adaptable in the world (IMD World Competitiveness Report,2012), delivering high productivity. Ireland is the only English-speaking country in the Eurozone, and an ideal gateway to European and world markets. Ireland also has the highest rate of population growth in the EU, and high participation rates in third-level education. Six out of every ten third-level students in Ireland graduate with a degree in engineering, science or business. Ireland s third level institutes of education have developed a keen awareness of the importance of forging strong links with industry, particularly in the fields of technology and science. Ireland ranks in the world s top 20 nations for quality of scientific publications. 2 nd IN EUROPE FOR EASE OF DOING BUSINESS 5 th IN EUROPE IN INNOVATIVE CAPACITY 06

IRELAND, A FAVOURED LOCATION IN A RANGE OF SECTORS Ireland isn t just a great place to add value to food and drink - it also has strategic clusters of leading global companies in lifesciences, ICT, engineering, cleantech, business and financial services and digital media. Eight of the world s top ten pharmaceutical firms manufacture here, as do 15 of the top 25 medical devices companies. ICT and technology firms have long regarded Ireland as a favourite location for selling products and services to European markets and further afield. They also frequently choose Ireland as a base for global business services and functions like R&D and head office. IRELAND OFFERS: - A strategic English-speaking location with easy access to the EMEA region for exports of goods and services - Excellent IT skills and infrastructure, including a state-of-the-art telecoms infrastructure - Strong collaboration between industry and academia on commercial R&D and innovation, supported by government funding and promotion - A legal framework that supports the development, exploitation and protection of Intellectual Property rights 07

ABOUT ENTERPRISE IRELAND ENTERPRISE IRELAND PARTNERS WITH ENTREPRENEURS, IRISH BUSINESSES AND THE RESEARCH AND INNOVATION COMMUNITIES TO DEVELOP IRELAND S INTERNATIONAL TRADE, INNOVATION, LEADERSHIP AND COMPETITIVENESS. THE ULTIMATE OBJECTIVE IS GROWTH IN EXPORTS, LEADING TO INCREASED EMPLOYMENT AND PROSPERITY IN IRELAND. Enterprise Ireland is also responsible for inward investment in the food, beverage and natural resources sectors. If you re thinking about a European location for highvalue manufacturing, global business services or research, development and innovation in these sectors, talk to us. www.enterprise-ireland.com 08

ENTERPRISE IRELAND INTERNATIONAL NETWORK Head Office REGION/OFFICE TELEPHONE FACSIMILE ADDRESS Dublin +(353 1) 727 2000 The Plaza, Eastpoint Business Park, Dublin 3, Ireland Northern Europe Amsterdam +(31 20) 676 3141 +(31 20) 671 6895 World Trade Center, Strawinskylaan 1351, 1077 XX Amsterdam, Netherlands Brussels +(32 2) 673 9866 +(32 2) 672 1066 Park View, Chausse d Etterbeek, 180 Etterbeeksesteenweg, Bruxelles 1040, Brussel, Belgium London +(44 20) 7438 8700 +(44 20) 7438 8749 2nd Floor, Shaftesbury House, 151 Shaftesbury Avenue, London WC2H 8AL, England Paris +(33 1) 5343 1200 +(33 1) 4742 8476 33 rue de Miromesnil, 75008 Paris, France Stockholm +(46 8) 459 21 60 +(46 8) 661 75 95 Box 5737, Sibyllegatan 49, 114 87 Stockholm, Sweden Germany, Central and Eastern Europe and the Balkans Budapest +(36 1) 301 4950 +(36 1) 301 4955 Bank Centre, Szabadság tér 7, Budapest 1054, Hungary Düsseldorf +(49 211) 470 590 +(49 211) 470 5932 Derendorfer Allee 6, 40476 Düsseldorf, Germany Moscow +(7495) 937 5943 +(7495) 680 5362 c/o Commercial Section, Embassy of Ireland, Grokholski Pereulok 5, Moscow, Russia Prague +(420) 257 199 621 +(420) 257 532 224 Trziste 13, 118 00 Prague 1, Czech Republic Warsaw +(48 22) 583 1200 +(48 22) 646 5015 Ulica Mysia 5, 00-496 Warsaw, Poland Southern Europe, Middle East and Africa Dubai +(971 4) 329 8384 +(971 4) 329 8372 4th Floor, Number One Sheikh Zayed Road, PO Box 115425 Dubai, United Arab Emirates Johannesburg +(27) 100030218 +(27) 117834383 82 Maude Street, Sandton, 2196 Johannesburg, South Africa Madrid +(34 91) 436 4086 +(34 91) 435 6603 Casa de Irlanda, Paseo de la Castellana 46 3, 28046 Madrid, Spain Milan +(39 02) 8800991 +(39 02) 8690243 Via S. Maria Segreta 6, 20123 Milan, Italy Riyadh +(966 1) 488 1383 +(966 1) 488 1094 c/o Embassy of Ireland, PO Box 94349, Riyadh 11693, Saudi Arabia The Americas Boston +(1 617) 292 3001 +(1 617) 292 3002 535 Boylston St, 5th Floor, Boston, 02116 MA, USA New York +(1 212) 371 3600 +(1 212) 371 6398 Ireland House, 345 Park Avenue, 17th Floor, New York, NY 10154-0037, USA São Paulo +(55 11) 3355 4800 Rua Haddock Lobo, 1421 Conj 51, Cerqueira César, São Paulo, 01414-003, SP, Brazil Silicon Valley +(650) 294 4081 800W, El Camino Real, Suite 420, Mountain View, CA 94040, USA Toronto +(1 416) 934 5033 +(1 416) 928 6681 2 Bloor Street W, Suite 1501, Toronto, Ontario, M4W 3E2, Canada Asia-Pacific Beijing +(86 10) 8448 8080 +(86 10) 8448 4282 Commercial Section, Embassy of Ireland, C612A Office Building, Beijing Lufthansa Ctr., No. 50 Liangmaqiao Road, Chaoyang District, Beijing 100125, China Hong Kong +(852) 2845 1118 +(852) 2845 9240 Room 504 (5/F), Tower 2 Lippo Centre, 89 Queensway, Admiralty, Hong Kong New Delhi +(91 11) 424 03 178 +(91 11) 424 03 177 Commercial Section, Embassy of Ireland, 230 Jor Bagh, New Delhi 110 003, India Seoul +(82 2) 755 4767 +(82 2) 757 3969 Ireland House, 13th Floor Leema B/D, 146-1 Susong-Dong, Jongro-Ku, Seoul 110-755, Korea Shanghai +(86 21) 6279 7088 +(86 21) 6279 7066 Commercial Section, Consulate General of Ireland, Suite 700A, Shanghai Centre, 1376 Najing Road West, Shanghai 200040, China Singapore +(65) 6733 2180 +(65) 6733 0291 Ireland House, 541 Orchard Road #08-00, Liat Towers, Singapore 238881 Sydney +(61 2) 927 38514 +(61 2) 926 49589 Level 26, 1 Market Street, Sydney 2000, NSW, Australia Tokyo +(81 3) 3263 0611 +(81 3) 3263 0614 Ireland House, 2-10-7 Kojimachi, Chiyoda-ku, Tokyo, 102-0083, Japan For any other markets not mentioned, contact Market Development Dublin. For further contact information, visit www.enterprise-ireland.com/contact

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