Balcas
Crescent Capital Initial Investment 1999
Balcas is one of the largest sawmilling groups in the British Isles with a “state of the art” sawmill in Enniskillen an MDF mouldings plant at Kill, Co Kildare, and a sawmill in Estonia. It has grown rapidly, from an annual turnover of under £10m in 1990/91 to over £60m currently.
In 1999, Crescent led a major funding round to finance the development of a new “state of the art” sawmill to significantly boost productivity and capacity. This plant is now fully operational and is achieving its budgeted performance.
Still headquartered in Enniskillen, the Balcas group now employes more than 600 staff accross the firms various operations in Ireland, the UK, Russia and Estonia.
One of the group’s most recent significant developments was a Combined Heat & Power plant at its Enniskillen site along with a fuel pellet manufacturing facility: this plant commenced operations in 2005 and Balcas is now the largest producer of wood fuel pellets in the British Isles.
Balcas has recently established a new timber processing facility near Vologda in Russia which became operational in the first half of 2007.
Contact Details
Crescent Contact : Colin Walsh
Balcas
Laragh, Enniskillen
Co Fermanagh, BT94 2FQ
Tel: +44 (0) 28 6632 3003
Fax: +44 (0) 28 6632 4082
Ernest Kidney Chief Executive, Balcas
Ernest Kidney is the Chief Executive of Balcas which is one of Britain's and Ireland's largest wood products suppliers. With a turnover of £65 million, the Group has 700 direct employees; in addition, 300 people are engaged in forest harvesting and haulage.
Crescent Capital NI Ltd is authorised and regulated by the Financial Services Authority
Crescent Capital NI Ltd is a member of the EVCA