State-owned forestry company Coillte is targeting the end of July as the completion date for the establishment of its planned wind energy joint-venture with the ESB and the deadline for unveiling its new group chief executive.

State-owned forestry company Coillte has begun stockpiling wood in its UK operation so it can continue to serve British customers after Brexit.

Profits at commercial semi-state forestry company Coillte increased by nearly 70% last year.

A trade union representing workers at Coillte has claimed its proposed merger with Bord na Móna would leave the State forest company considerably weakened, with the potential loss of 100 jobs.

Pre-tax profits at Coillte have fallen by 25% according to their annual report.