Industry & Business

Investment

Regeneron Announces an Additional $350 Million Investment and 200 New Jobs for Limerick

    Regeneron Announces an Additional $350 Million Investment and 200 New Jobs for Limerick

Regeneron a leading science-driven biopharmaceutical company, today announced that it is investing an additional $350 million in its Limerick Industrial Operations and Product Supply (IOPS) bioprocessing campus and will add another 200 jobs, bringing the total expected job creation in the Limerick area to 500 jobs and total investment to $650 million by the end of […]

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China Construction Bank signs $500m deal to base Aircraft Leasing Division in Ireland

CCB Leasing International (CCBLI) today announced the establishment of its international headquarters in Ireland. CCBLI is a wholly owned subsidiary of China Construction Bank (CCB), one of the world’s largest companies.
CCBLI plans to grow its aircraft leasing business from 17 to 200 aircraft over the next five years.
China Construction Bank  is  the fourth largest bank  in the […]

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Kerry dishes out $735m for three US food and beverage businesses

    Kerry dishes out $735m for three US food and beverage businesses

Kerry Group has spent $735m (€646m) on three US acquisitions, with chief executive Stan McCarthy saying the businesses provided the company with “tremendous growth opportunities”.
The group is buying Wisconsin-based Red Arrow Products; Massachusetts-based Island Oasis; and Biothera’s Wellmune.
Kerry said that last year the three businesses had combined turnover of $301m (€264m) and generated earnings before […]

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€3.3m in funding for Dublin based tech firm ChannelSight

ChannelSight, an Irish-founded tech firm, has received a €3.3 million investment to scale operations in Europe and the US.
The funding round was led by Nauta Capital, with ACT Venture Capital participating and also supported by Enterprise Ireland.
ChannelSight chief executive John Beckett said the funding will allow the Dublin-based e-commerce company to grow at a faster pace in […]

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€200,000 Enterprise Ireland fund to boost new business start-up activity in West Region

    €200,000 Enterprise Ireland fund to boost new business start-up activity in West Region

Taoiseach launches Competitive Feasibility Fund for Galway, Mayo and Roscommon
The Taoiseach, Enda Kenny TD, today (Monday 28 September 2015) launched the new Enterprise Ireland €200,000 Competitive Feasibility Fund for the West Region. The Fund, which can provide up to €25,000 per initiative, is aimed at stimulating innovative start-ups and creating jobs and growth in the […]

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IAG buyout of Aer Lingus makes €12m for activist investor

    IAG buyout of Aer Lingus makes €12m for activist investor

The investment firm revealed the profit yesterday. Crystal Amber only acquired its 2.8pc Aer Lingus stake in summer last year. It was the single biggest institutional shareholder in the airline.

It’s believed that Crystal Amber established its position in Aer Lingus after buying some shares sold by businessman Denis O’Brien.

Crystal Amber, which is headquartered in Guernsey […]

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SAS to create 150 jobs over three years in Ireland

    SAS to create 150 jobs over three years in Ireland

New centre in Dublin expands operations and investment in Ireland’s Big Data economy
DUBLIN, IRELAND – 8 September, 2015 – SAS, the global leader in business analytics, is expanding its operations in Ireland with the opening of a new Inside Sales and Customer Contact Centre. Based in Dublin, the expansion will create 150 jobs over three […]

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United Technologies Research Centre Ireland Expands Facility to Encompass Aerospace Research and Development in Cork

    United Technologies Research Centre Ireland Expands Facility to Encompass Aerospace Research and Development in Cork

United Technologies Research Center (UTRC), the research and innovation arm of United Technologies Corp. (NYSE:UTX), announced today the expansion of its Ireland facility, United Technologies Research Centre Ireland Limited, to include aerospace research in cyber-physical systems. The addition of the Centre of Excellence in Cyber-Physical Systems for Aerospace will create 25 highly skilled roles in […]

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Intercom to double staff with €30m investment

    Intercom to double staff with €30m investment

Irish-founded customer communication platform, Intercom yesterday announced a €30m funding round which will see it double its workforce across its offices in Dublin and San Francisco.
The funding will allow it to “double down on everything” with 70 new jobs to be created in both cities.
The huge investment boost will also be put to use in […]

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Vodafone investing €7m in data centre services

    Vodafone investing €7m in data centre services

Vodafone Ireland is investing €7 million as it seeks to bring new data-centre services to customers. The move is part of Vodafone’s plan to beef up its cloud and hosting business in Europe.
The new services will include everything from co-location, managed hosting, private cloud and infrastructure as a service (IaaS). The firm said it is […]

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Google to build second data centre in Dublin

    Google to build second data centre in Dublin

Google is building a new data centre in Ireland and investing €150 million in the project.
The centre will be its second owned and operated data facility in Ireland; it leases a third.
There had been speculation last year that Google planned to open a new facility in west Dublin – following a planning application – to […]

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Tricel announces creation of 100 jobs in Kerry

    Tricel announces creation of 100 jobs in Kerry

Manufacturing and engineering group Tricel is to create 100 new jobs over the next 18 months. 40 of these jobs will be based in the company’s headquarters in Killarney and be worth an extra €2.4m to the local economy.

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Effective Software plans to expand with help of €1m

    Effective Software plans to expand with help of €1m

Irish technology company Effective Software is planning to expand following a successful funding round in which it raised €1 million.
The company, which specialises in health and safety, and compliance software-as-service, plans to increase its staff count from 16 to 35 in the next two years. Recruitment is already under way for eight positions.
Enterprise Ireland
The funding […]

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Nokia prepares for mobile comeback

    Nokia prepares for mobile comeback

Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business.
Once the world’s biggest maker of mobile phones, the Finnish firm was wrongfooted by the rise of smartphones and eclipsed by Apple […]

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IDA Ireland reports 9,000 jobs announced in first half of 2015

    IDA Ireland reports 9,000 jobs announced in first half of 2015

The IDA revealed that 9,000 jobs were announced in the first half of 2015, up from 8,000 announced during the same period last year.

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Pramerica Systems Ireland expands operations in Letterkenny

    Pramerica Systems Ireland expands operations in Letterkenny

Creating 330 new jobs over next three years and the construction of a brand new campus.

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Irish software company Iconic raises €400K and announces 15 new jobs

    Irish software company Iconic raises €400K and announces 15 new jobs

Iconic Translation Machines, a leading Irish translation software company, today announces that it is creating 15 new jobs at its headquarters in Glasnevin, Dublin. The positions will be filled by December 2016 and will bring the total employment at the company up to 25.

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Kingspan boss Murtagh invests €400,000 in smarthome firm

    Kingspan boss Murtagh invests €400,000 in smarthome firm

Kingspan boss Gene Murtagh has taken a stake in Dundalk-based smarthome heating firm Climote.
And it’s understood that the valuation placed on Climote has doubled in the past two years.
Mr Murtagh is the latest heavy-hitter from the energy sector to invest in the business.
Last year, former Bord Gais chief executive John Mullins took a stake in […]

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Emirates National Oil extends €5.2bn offer for Irish-listed Dragon Oil

    Emirates National Oil extends €5.2bn offer for Irish-listed Dragon Oil

ENOC, which owns 54pc of Dragon Oil, offered 750 pence per share to buy out minority shareholders of the firm in June. The proposal values Dragon Oil at about £3.7bn (€5.2bn).
ENOC has said that it is extending its buyout offer from the end of July to August 28 after receiving about 14.5pc of the issued […]

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Amneal to create up to 300 jobs in Tipperary

    Amneal to create up to 300 jobs in Tipperary

US-headquartered generic drug manufacturer Amneal Pharmaceuticals is to create up to 300 jobs in Tipperary following its acquisition of the former Johnson & Johnson plant in Cashel.
The 200,000 square foot facility was sold to Amneal by Singapore-based investment firm Solidus Private Equity. The former Johnson & Johnson plant had been vacant for four years before […]

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Johnson & Johnson to invest €100m in expansion of production facility in Limerick

    Johnson & Johnson to invest €100m in expansion of production facility in Limerick

Minister for Jobs, Enterprise and Innovation, Richard Bruton and Minister for Finance, Michael Noonan have announced that Johnson & Johnson Vision Care which operates as Vistakon Ireland is to invest over €100 million in the expansion of its manufacturing operations.
It is expected that the 18 month construction period at the National Technology Park in Limerick […]

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West Pharma plant could deliver up to 300 jobs for Waterford

    West Pharma plant could deliver up to 300 jobs for Waterford

Up to 300 new jobs could be created by a global pharmaceutical packaging giant in the coming years on a 44-acre site in Waterford where construction will start next month.
West Pharmaceutical Services, which makes packaging components and “drug delivery systems” for pharmaceutical products, announced last year it will be employing 150 people at its new […]

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EMC and Vodafone launch €2m Internet of Things platform

    EMC and Vodafone launch €2m Internet of Things platform

EMC and Vodafone have jointly invested €2 million in a new Internet of Things innovation platform in Co Cork.
The platform, which has been specifically designed for industrial Internet of Things (IoT) development, is spread across three data centres in Cork: EMC, Vodafone, and the Cork Internet eXchange.
Businesses will be able to use the platform to […]

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Abengoa Yield to buy four renewable energy assets from Abengoa

    Abengoa Yield to buy four renewable energy assets from Abengoa

Spanish company Abengoa has signed a €614m deal to sell 450MW of concentrating solar power (CSP) assets to its renewable yieldco vehicle company Abengoa Yield.
Board of directors of both the firms have approved the acquisition which represents the third asset package deal between Abengoa and Abengoa Yield.
However, closing of the deal is subject to customary […]

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Alexion Pharmaceuticals Announces €450 Million Expansion in Dublin – 200 New Jobs and 800 construction jobs to be created over four years

    Alexion Pharmaceuticals Announces €450 Million Expansion in Dublin – 200 New Jobs and 800 construction jobs to be created over four years

Alexion Pharmaceuticals today announced plans to significantly expand its operations in Ireland by constructing the Company’s first ever biologics manufacturing facility outside the United States. This €450 million, four-year project, which will be constructed at Alexion’s College Park site in Blanchardstown, is expected to create approximately 200 additional full-time jobs on completion, which will bring […]

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Wind Prospect integrates 1GW utility-scale renewable energy assets in Europe

    Wind Prospect integrates 1GW utility-scale renewable energy assets in Europe

Australian Wind Prospect Group has created a new asset management platform, Wind Prospect Operations (WPO) with a portfolio of more than 1GW of independent, utility-scale renewable energy projects in Europe.
The portfolio, comprising operating wind and solar energy assets, generates more than €400m as annual production revenues for clients.
WPO integrates the energy firm’s businesses in UK/Ireland […]

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‘World of Talent in Ireland’ campaign launched by IDA and American Chamber

    ‘World of Talent in Ireland’ campaign launched by IDA and American Chamber

A major new campaign ‘World of Talent in Ireland’ was today launched by the American Chamber of Commerce Ireland and IDA Ireland. The campaign will initially target Ireland’s global  graduate community,  highlighting abroad the career opportunities that now exist in Ireland, with a view to attracting talent here.

Speaking on the launch of the campaign Mark […]

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Irish water-powered engine SME wins €2.48m in EU funding

    Irish water-powered engine SME wins €2.48m in EU funding

Exergyn, an Irish SME, has been awarded €2.48m in EU funding to commercialise its Exergyn Drive engine, which turns waste hot water into electricity.

The specially-designed engine has been created with the application of using waste hot water created during the cooling process of manufacturing and, rather than letting it go to waste, or wasting valuable […]

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Apple looks to invest more than €400m on power projects for its €850m Irish data centre

    Apple looks to invest more than €400m on power projects for its €850m Irish data centre

Apple is looking to invest more than €400m directly to fund at least six renewable energy projects in Ireland.
The firm has invited partnership proposals from green energy developers to set up multiple new projects, with each having a power generation capacity of up to 50MW, reports The Irish Times.
Apple has planned the projects to meet […]

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Bausch + Lomb is to invest €75M in Waterford adding 125 jobs

    Bausch + Lomb is to invest €75M in Waterford adding 125 jobs

150 construction jobs also to be created as part of investment supported by Dept of Jobs through IDA Ireland
Waterford – April 29, 2015 –   The Minister for Jobs, Enterprise and Innovation Richard Bruton TD today announced that Bausch+ Lomb, a leading global eye health company, plans to invest €75M in extra manufacturing capacity at its […]

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Regeneron Celebrates First Year in Limerick as Construction of Global Biopharmaceuticals Centre of Excellence Continues

    Regeneron Celebrates First Year in Limerick as Construction of Global Biopharmaceuticals Centre of Excellence Continues

Regeneron Pharmaceuticals, Inc., one of the largest and fastest-growing biopharmaceutical companies in the United States, today announced it has hired its 150th employee for its Limerick facility, as it completes its first of a multi-year construction and development programme for the site.

The over $300 million investment in a biopharmaceutical production facility within an 11.88 hectare […]

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Four Irish SMEs win funding to develop innovative communal electric vehicle charging solutions

    Four Irish SMEs win funding to develop innovative communal electric vehicle charging solutions

SEAI, Enterprise Ireland and ESB announce the winners of the first Small Business Innovation Research competition to receive up to €200,000 for prototype demonstration
2nd April 2015 – The Sustainable Energy Authority of Ireland (SEAI), in collaboration with Enterprise Ireland and ESB, has announced the winners of Ireland’s first Small Business Innovation Research (SBIR) competition. Four […]

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Agency to target new sectors and convergence opportunities driven by technology

    Agency to target new sectors and convergence opportunities driven by technology

(February 25 – 2015) IDA IRELAND, the government agency responsible for attracting inward investment, has announced ambitious targets to boost Foreign Direct Investment (FDI) in Ireland by over 40%, creating 80,000 new jobs in the economy over the next five years.
The ambitious targets will bring total direct employment by overseas companies in Ireland to 209,000 […]

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€50m investment in Foynes port

    €50m investment in Foynes port

Work will begin this month on the first element of a major restructuring of the port of Foynes in Co Limerick.
It is part of a €50m investment in transforming the port into one of the biggest bulk harbours in Europe.
Shannon Foynes Port Company will spend €12m on transforming the existing East Jetty area, and reclaiming a 3.45 acre section […]

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New export guide to support companies reaching for new horizons

A new guide to support potential exporters based on the island of Ireland is now available. The Export Start Guide is a partnership initiative from Chartered Accountants Ireland and two enterprise development agencies, Enterprise Ireland and Invest Northern Ireland.
The Export Start Guide offers comprehensive, practical guidance information for businesses considering new markets and opportunities. Content […]

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AMAX Celebrates Grand Opening of Ireland Manufacturing Facility

    AMAX Celebrates Grand Opening of Ireland Manufacturing Facility

AMAX Further Expands Global Manufacturing and Logistics Footprint to Better Serve EMEA and Worldwide Customers
SHANNON, IRELAND-FREMONT, CA- January 19, 2015 – AMAX, a leading manufacturer of dynamic Data Center & Cloud, custom Server Appliance and  High Performance Computing (HPC) solutions, today announced the grand opening of its European manufacturing facility at Western Business Park in Shannon, Ireland. The […]

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Ireland to be fastest growing economy in Europe

    Ireland to be fastest growing economy in Europe

Ibec, the group that represents Irish business, today said that despite disappointing preliminary growth figures for the third quarter, the economy will significantly outperform the rest of Europe and grow by a spectacular 5.7% this year. In 2014 the recovery finally reached the domestic economy. Unemployment is falling, investment is on the rise and the […]

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Bausch + Lomb creating 50 jobs with €41m investment in Waterford facility

    Bausch + Lomb creating 50 jobs with €41m investment in Waterford facility

Bausch+ Lomb said today that it is planning to invest €41m (US$55m) in manufacturing capacity at its Waterford facility.

The investment will provide the Waterford facility with next generation contact lens manufacturing technology, high-speed packaging equipment, and an efficient energy generation system. Employee training for new automation is also part of the investment.
Supported by the Department […]

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Sustainable Food & Beverage Manufacturing Conference & Exhibition is Major Success

    Sustainable Food & Beverage Manufacturing Conference & Exhibition is Major Success

450 delegates from food and drink businesses across the UK and Ireland attended the inaugural Sustainable Food & Beverage Manufacturing Conference & Exhibition, which was held at the Motor Cycle Museum, Birmingham on Thursday, 23rd of October 2014.
In line with the event’s theme of ‘sustainable growth for sustainable profits’, the speakers at the Conference were […]

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