1946: Bord na Móna was established as a statutory body, by the Turf Development Act, 1946. It was established with no share capital and operated by borrowings, which were, until recently, guaranteed by the Minister for Finance. The bogs and factories owned by the Turf Development Board were vested in the new body.
1950: Turf Development Act, 1950 was passed which gave the company further scope for development.
1950 - 1960: Shortly into the life of the new company a decision was made, on technical grounds, to move from the (highly labour intensive) production of sod peat to the (highly capital intensive) production of milled peat.
1957: A UK subsidiary for the sale of horticultural peat products was established.
1960: In addition to the existing Briquette factory at Lullymore, two further factories were built in Derrinlough and Croghan in 1960.
1974: The most dramatic moments came with a renewed recognition of Ireland's dependence on imported energy. Bord na Móna began its Third Development Programme (1974), which involved the acquisition and development of a further 35,000 ha of bog, and the construction of a further Briquette factory in Littleton in Co Tipperary.
1988: A programme of change, down-sizing and divisionalisation was begun in 1988, to reduce costs and make the company more market focused. Productivity was improved by over 100% in the core peat production activity. New forms of autonomous working by self directed teams were introduced, with employees being paid by results.
The different businesses were established as Divisions: Peat Energy, Fuels and Horticulture.
1990: Establishment of the Environmental Division.
1993: The head office was moved from Dublin to Newbridge, Co. Kildare.
1996 - 1998: In 1997 the Government agreed to remove the historical non-commercial debt carried by Bord na Móna with an injection of £90m. The segment of debt to be repaid was identified independently as having no connection with the company's current business operations. Between 1996 and 1998, the Government invested IR£108 million equity in Bord na Mona to be used exclusively for the retirement of this debt. The investment has been accompanied by a related reduction in the price of milled peat sold to the ESB for the generation of electricity. Overseas operations of the Horticulture Division have been disposed of.
1999: On 1st January 1999, Bord na Mona became a plc. On 1st April 1999, the subsidiary businesses, which had been operating as Divisions, became limited liability companies in their own right. Bord na Móna plc has been developing an approach towards improving its financial position with success. Bord na Móna plc's shareholder is the Minister for Finance and its board is appointed by the Minister for Communications, Marine and Natural Resources.
2004 - 2005: The Company Accounts show a turnover for the year 2004/2005 of €257.9m. Average employment figures for 2004/2005 were 1,885.
2005 - 2006: The Company Accounts show a turnover for the year 2005/2006 of €295.7m, and a strong operating profit of €29.9m. Average employment figures for 2005/2006 are 1,781.
2006 - Bord na Móna celebrates it's 60th anniversary this year.
2006 - 2007: The Company Accounts show a turnover for the year 2006/2007 of €299.2m, and a strong operating profit of €29.2m. Average employment figures for 2006/2007 are 1,751.
Further information on Bord Na Mona can be found on the company's website at http://www.bnm.ie/