Industry & Business

Over 600 jobs announced and €300m invested in Ireland in past seven days

 Breaking News
  • Largest Ever European Investment Bank Support in Ireland The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by the European Union’s long-term lending institution in Ireland and the EIB’s first backing for a hospital in the country. The new children’s hospital project includes two [...]...
  • Strabane Manufacturer to Invest Over £7 Million in Ambitious Expansion Strabane-based Fabplus is planning to more than double its workforce and turnover with support from Invest Northern Ireland. The investment is part of a three year expansion plan to increase its market share in the Republic of Ireland and Great Britain, and gain a foothold in mainland Europe and Scandinavia. Recruitment is underway to employ 83 additional staff at [...]...
  • PM Group Appoints a New Non-Executive Director Michael McNicholas has been appointed as a Non-Executive Director of Project Management Holdings (PM Group), the Irish headquartered international project delivery specialists. Michael McNicholas. Michael has over 35 years’ experience in senior leadership positions in the public and private sectors. He is the former CEO of Ervia, NTR plc and Managing Director of ESB International.  During his [...]...
  • Center Parcs Signs Contract With John Sisk & Son As construction activity on the much anticipated €233 million Center Parcs Longford Forest resort in County Longford ramps up, the company has announced it has formally awarded two major construction contracts to Dublin-based construction firm John Sisk & Son. The contracts for the construction of the 470 lodges and 30 apartments as well as the state-of-the-art centre [...]...
  • Medi-Shower Invests in Innovation to Drive Export Growth Multi-award-winning manufacturer Medi-Shower has created ‘smart showerhead’ technology which can reduce the risk of Legionnaires disease. The cutting edge product, developed with R&D support from Invest Northern Ireland is designed to meet the high requirements for hygiene within the healthcare sector. It reduces the risk of waterborne infection from bacteria that can build up due to poor design [...]...

Over 600 jobs announced and €300m invested in Ireland in past seven days

Over 600 jobs announced and €300m invested in Ireland in past seven days
June 06
09:00 2017

Martin Shanahan, CEO at IDA Ireland who is currently meeting with IDA clients in India said: “This has been a remarkable week for foreign direct investment across Ireland. It is hugely encouraging to see that the flow of multinational companies choosing Sligo, Carlow, Cork and Dublin as their destinations of choice has continued, despite global economic headwinds.”

“Our talent, our stable economic and political environment and our EU membership are key factors for investors. Ireland’s employment continues to grow and the unemployment rate continues to fall quarter on quarter as foreign investors choose locations across Ireland to invest.”

It has also been an excellent week for Ireland in terms of our global positioning. The IMD Global Competitiveness Yearbook rankings cited Ireland as 6th for overall competitiveness out of 63 countries surveyed.

“The report found that Ireland is the global leader when it comes to productivity, investment incentives and our ability to attract and retain talent. These are the crucial factors that FDI companies value when investing in a country,” said Shanahan.

“IDA estimates that for every 10 jobs generated by Foreign Direct Investment (FDI) directly, another seven are generated in the wider economy. We have never had more people employed in foreign companies here in Ireland in the history of the state.”

“That being said, complacency is never an option when it comes to our competitiveness as a country. The National Competitiveness Council observations this week remind us that there is always more to be done. In order to continue to attract record numbers of FDI into Ireland we must always strive to innovate and overcome obstacles to growth. IDA Ireland will continue to coordinate with the Government to ensure that Ireland is promoted across the globe as an attractive destination for business while also working to keep Ireland best positioned to win all available investment opportunities.”

Announcements this week:

  • Global healthcare company Abbott announced it will be investing almost €10 million into a new building in the Finisklin industrial estate in Sligo.
  • Global biopharmaceutical company MSD announced that it will create 330 new jobs and invest €280 million over the next three years at two of its Irish manufacturing sites in Carlow and Cork.
  • Grant Thornton announced that it is to create 250 new jobs across all areas of its business operations in Ireland. A significant number of the new posts will be in its Centre of Excellence, which provides a new framework for the delivery of global compliance and reporting services
  • Takeda Pharmaceutical Company Limited announced that construction will begin on a new €40 million high value production facility at the existing Grange Castle site in Ireland which will create 40 jobs.

About Author

editor

editor

Related Articles






New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4