primary sources . please improve this by adding secondary or tertiary sources . october 2010 learn how and when to remove this template message coillte type statutory corporation industry forestry founded 1988 headquarters newtownmountkennedy ireland area served ireland owner minister for agriculture food and the marine minister for finance on behalf of the irish state number of employees 928 divisions 3 coillte panel products coillte forest coillte enterprise website coillte.ie coillte headquarters newtownmountkennedy coillte irish pronunciation k il t 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 . 1 contents 1 operation 2 future 3 references 4 external links operation edit 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 . 2 the new company replaced the old forestry commission . coillte employs approximately 1 000 people 3 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 increased its forest estate from 376 000ha to 495 421 ha . 485 315 ha are forested increased profits from a loss of 438k to profits of 60.5 million 2014 4 grown turnover from 38 million to 298 million 2009 increased roundwood sales from 0.5 million cubic metres to 2.5 million cubic metres . according to the coillte website 15 % 88 000 hectares of the estate is managed with biodiversity as the primary objective . citation needed future edit in 2011 there was speculation that coillte could be sold by the government of ireland as part of cost cutting measures . 5 6 7 as of 2011 coillte was seeking to calculate the aggregate economic value of its 445 000ha of forest estate . 8 references edit coillte website companies registration office records number 138108 coillte website about us section . coillte.ie . retrieved 11 november 2015 . coillte announces 46 % growth in operating profit to 60.5 m . coillte . retrieved 2016 02 20 . bertie ahern trip to china for forestry fund . archived from the original on 16 january 2011 . retrieved 14 jan 2011 . semi state firms to be assessed . the irish times . 7 july 2010 . retrieved 14 jan 2011 . ruddock alan 14 march 2010 . talks will be a charade if old delusions remain . irish independent . retrieved 14 jan 2011 . evaluation of the public goods value on he coillte forest estate . retrieved 9 feb 2011 . dead link external links edit official website retrieved from https en.wikipedia.org w index.php title coillte & oldid 709151460 categories companies of irelandentities with irish namesforestry organizationsforests and woodlands of the republic of irelandstate sponsored bodies of the republic of irelandhidden categories all articles with dead external linksarticles with dead external links from november 2015articles lacking reliable references from october 2010all articles lacking reliable referencesall articles with unsourced statementsarticles with unsourced statements from november 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 march 2016 at 12 27 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view