Industry Forestry Website Coillte.ie Number of employees 928 | Area served Ireland Founded 1988 Type of business Statutory Corporation | |
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Owner Minister for Agriculture, Food and the Marine, Minister for Finance (on behalf of the Irish state) Divisions 3 (Coillte Panel Products, Coillte Forest, Coillte Enterprise) Headquarters Newtownmountkennedy, Republic of Ireland CEO Fergal Leamy (13 Apr 2015–) Profiles | ||
Coillte keep hunts out of our forests
Coillte ([ˈkəilʲtʲə], meaning "Forests"/"Woods") 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.
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Operation
The company was established on 8 December 1988 and is owned by the Minister for Agriculture, Food and the Marine and the Minister for Finance on behalf of the Irish Government. The new company replaced the old Forestry Commission. Coillte employs approximately 1,000 people and has three subsidiaries. The Coillte estate is 4,450 square kilometres of which 79% is forest; it manages 70% of forests in the country.
In 20 years of operation between 1989 and 2009, Coillte had:
According to the Coillte website, 15% (88,000 hectares) of the estate is managed with biodiversity as the primary objective.
Future
In 2011, there was speculation that Coillte could be sold by the Government of Ireland as part of cost-cutting measures.
As of 2011, Coillte was seeking to calculate the aggregate economic value of its 445,000ha of forest estate.