| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

   
Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: May 28, 2009 - 5:33:02 PM


Quinn Glass to appeal UK Council order to demolish Ellesmere Port factory following planning dispute with Irish-controlled Ardagh Glass
By Finfacts Team
May 28, 2009 - 1:52:23 PM

Email this article
 Printer friendly page

Quinn Glass confirmed today, that it has lodged an appeal against the enforcement proceedings brought by Chester West and Cheshire Council to demolish its Ellesmere Port factory - - Europe's biggest integrated glass container manufacturing and filling facility -  - within 18 months from tomorrow. Production at the site was ordered to cease within nine months, further to planning dispute, which was initiated by Irish-controlled Ardagh Glass.

Quinn Glass competitor Ardagh Glass, is controlled by wealthy Dublin financier Paul Coulson via his Yeoman vehicle. In 2006, at the height of the Irish property bubble, the Coulson-controlled South Wharf, was part of a consortium, which sold the former Irish Glass Bottle 24-acre site site at Ringsend, Dublin, for €412m - - €17.2 million an acre.

Ardagh had paid amost £300m in 1999 to buy UK-based glass manufacturing company Rockware. In 2007, it paid a further €660m to buy the UK glass container manufacturing business of global packaging giant Rexam, giving it additional plants across Europe. One of Ardagh's plants is about a two-hour drive from Ellesmere Port.

Quinn Glass, which is owned by billionaire Sean Quinn,is estimated to have between a 25 to 30% share of the glass container market in Ireland and the UK, while Ardagh is understood to control about 18% of the total European market.

Quinn Glass invested £300m constructing its plant at Ellesmere Port and employs about 700 people there. Ardagh says Quinn Glass, which received £10m in grants for its Ellesmere plant, has failed to comply with  proper planning laws and procedures

Quinn Glass said today that in April this year, the Council was directed by the High Court to serve an enforcement notice in respect of Quinn Glass’ factory at Elton. Quinn Glass’ main ground of appeal is that the planning application, that has been with the Council since January 2008, should be allowed to be determined by the Local Authority (Cheshire West and Chester Council), which if successful would render the court’s involvement unnecessary.

Peter Fitzgerald, director from Quinn Glass said:“This is just the next step in our fight to win the long-term security of our site in Elton. Quinn Glass plays an important role both within the community and the region - we employ over 700 people from the area and boost the local economy with £4 million in taxes alone – so securing the future of the plant is our utmost priority.”

At present the Council is considering Quinn’s planning application and it is a hoped that the Council will determine the planning application within the next two months.
 
The enforcement notice was served by the Council as the Court was concerned that the Quinn Glass factory might acquire immunity under the four year rule and therefore the Local Authority would lose their regulatory powers, because the plant has been in operation for more than four years.

Related Articles


© Copyright 2007 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Draghi says economic outlook has improved but subject to downside risks
Greek leaders agree new austerity measures to pave way for second bailout
ECB keeps benchmark interest rate of 1.0%; Bank of England keeps rate unchanged and adds £50bn to bond-buying program
German exports fell in December; Exports rose 11.4% in 2011 to €1.06trn
Greece’s debt rose to 159.1% of GDP in Q3 of 2011 from 138.8% year earlier; Ireland's rose from 88.4% to 104.9%
Eurozone service sector stabilises in January as growth in France and Germany offsets declines in Spain and Italy
Spain's Insider-Outsider Divide: Young temporary workers overwhelmingly the victims of brutal recession
Eurozone annual inflation is expected to be 2.7% in January 2012
Eurozone Bank Lending Survey shows falling loan demand in Ireland and rest of Eurozone in Q4 2011
Eurozone manufacturing downturn eases in January as Germany returns to growth
Eurozone unemployment rate stable at 10.4% in December; Irish jobless rate at 14.5%; Spain at 22.9% and Austria at 4.1%
German retail sales fell in December but rose in 2011; Number of unemployed fell 420,000 in 2011
Japan's manufacturing began 2012 in growth mode; Data also shows output jumped in December on recovery from Thai flooding disruptions
Summit of EU leaders underway in Brussels; France cuts 2012 GDP forecast to 0.5%; Italy raises €7.5bn at reduced rates
Optimism among German consumers increased at the beginning of 2012
Merkel tells Davos elite reforms cannot be ignored; Unused EU funds could support SMEs, entrepreneurs and R&D investments
German business confidence jumped to a five-month high in January
Eurozone's manufacturing and services sectors recovered in January; Output rose strongly in Germany
Bank of Spain forecasts economy will contract -1.5% in 2012; Bank of France governor says France's economy will accelerate in the spring
IMF chief Lagarde says Eurozone needs bigger firewall to prevent Italy and Spain sliding towards default
Juncker says Eurozone must find ways to boost economic growth while cutting public budgets
IMF needs to raise $300bn in additional lending resources; Germany and Portugal hold successful bond auctions
Germany cuts its 2012 GDP forecast to 0.7%; "Germany is and remains an anchor for stability and growth in Europe"
European borrowing costs dropped Tuesday: European Commission begins legal action against Hungary
Eurozone annual inflation was 2.7% in December 2011 down from 3.0% in November
German economic sentiment increased in January
Firms up to 5 years old responsible for most job creation in Europe
Italy, Spain, Greece have had trade deficits with Germany since at least 1980 -- 20 years before euro launch
Draghi says signs the economy is stabilising; Strong market interest for Italian and Spanish bonds
Industrial production down by 0.1% in November in both Eurozone and EU27; 12-month production also down
Merkel has "great respect" for recent Italian economic reforms; Germany may provide more cash for rescue fund
Fitch Ratings says Italy is biggest threat to euro
German exports rose in month of November 2011 while imports fell; Almost 50% of exports were ex-EU27
Eurozone Business Climate Indicator improved in December; Economic Sentiment Index of business/ consumer confidence fell to a 2-year low
Eurozone unemployment at 10.3% in November - - 45,000 job losses in month; Austria at 4%; Ireland at 15% and Spain at 23%
Eurozone sales volume down 0.8% in November 2011
Eurozone industrial orders rose in October less than expected after sharp plunge in September
Eurozone annual inflation expected to be 2.8% in December 2011 down from 3.0% in November
Eurozone services activity falls in December led by downturns in Italy and Spain; Germany and France rise
Manufacturing activity in the Eurozone fell for a fifth straight month in December