Bord na Móna was originally established in 1933 as the Turf Development Board, Limited. The reason for the formation of the Turf Development Board was "to develop and improve the Turf Industry..." and "...to operate and drain bogs...". Later, in 1946 the Turf Development Board changed its name to Bord na Móna under the Turf Development Act of 1946. This move saw a change in status from that of a limited liability company to a statutory company as well as some significant changes in strategy and operations.