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Northern Ireland-Texas Business Links Produces $550 Million in Past Two Years.


DALLAS--(BUSINESS WIRE)--Oct. 23, 1998--Northern Ireland is not new to Texas business. In fact, Texas companies have committed more than half a billion dollars to Northern Ireland Northern Ireland: see Ireland, Northern.
Northern Ireland

Part of the United Kingdom of Great Britain and Northern Ireland occupying the northeastern portion of the island of Ireland. Area: 5,461 sq mi (14,144 sq km). Population (2001): 1,685,267.
 since 1996 in the form of direct investment and export contracts.

The first Northern Ireland investment delegation to arrive in Texas since the signing of the historic Good Friday Good Friday, anniversary of Jesus' death on the cross. According to the Gospels, Jesus was put to death on the Friday before Easter Day. Since the early church Good Friday has been observed by fasting and penance.  peace agreement last April believes there can be even greater business development. Today the delegation, which included Unionist and Nationalist politicians, met at the Fairmont Hotel with approximately 100 Dallas-area business executives to explain the country's economic attractiveness to Texas companies.

The first Texas investment came in 1954 when Baker Hughes Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger & Halliburton, its main competitors. Baker Hughes provides the world's oil & gas industry with products and services for drilling, formation evaluation, completion and production. , a Houston company, became the first U.S. engineering operation to establish facilities there. Another Texas company, Camco International Inc has had a plant in Newtonabbey since 1958.

The most recent Lone Star Lone Star (or Lonestar) may refer to:
  • Lone Star Flag, the official flag of the State of Texas
  • The Lone Star State, an official nickname for the State of Texas; derived from the flag
 State investor is STB See set-top box.

STB - set-top box
 Systems, which opened a software operation in Belfast's Sandy Row district early last year. The highly innovative operation develops sophisticated software used to power graphic accelerator cards, which run many of today's graphically realistic computer games.

Texas also has been a lucrative export market for Northern Ireland. Harland and Wolff Harland and Wolff Heavy Industries began as a shipyard located in Belfast. Early history
Harland and Wolff was formed in 1861 by Edward James Harland (1831–1895) and Hamburg-born Gustav Wilhelm Wolff (1834–1913, in the UK from age 14).
 recently won orders for two floating drill ships for Global Marine of Houston. The deal is worth approximately $500 million and is the largest contract ever secured in the shipyard's long and distinguished history.

Overall, 100 American companies have invested in Northern Ireland, employing about 10 percent of the country's labor force. Baker Hughes, Camco, STB and Global Marine financial combined commitment exceeds $550 million since 1996.

Education and Training Minister John McFall, also participating in the IDB (ITS Data Bus) An interface between devices in an automobile endorsed by the Society of Automotive Engineers (SAE). Designed to fulfill the goal of Intelligent Transportation Systems (ITS), the ITS Data Bus enables engine diagnostic equipment, GPS navigation systems,  investment delegation visiting Dallas, noted the growing recognition in the Sun Belt that Northern Ireland is a high technology-focused economy.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 23, 1998
Words:293
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