Ricoh Announces 110 Jobs and €6.5 Million Investment in New Irish HQ
Technology company Ricoh announced on Thursday plans to more than double Irish staff base to 190 in next three years. Ricoh currently employs 80 people in Ireland after creating 30 jobs here in the last 18 months.
Ricoh also announced the opening of its new Irish headquarters on the back of a €6.5 million investment. The new HQ, combined with the investment and jobs are expected to help Ricoh Ireland to almost double its revenues from last year’s €16.4 million to €32 million in the next three years. Ricoh Ireland’s retained earnings and growing revenue stream will fund the investment.
Ricoh is a global technology company, headquartered in Japan, which specialises in print, document management and visual communications solutions. It has global revenues of more than €18 billion. Ricoh has been operational in Ireland since 1980. It also has a document production centre in Glasnevin, which saw a separate €250K investment in 2016.
Contributing significantly to the increased revenues and expansion are Ricoh Ireland’s business process services – which enables streamlined document workflow – and production print offerings, both of which have been major areas of growth recently. Over the next three years, Ricoh Ireland will look to fill roles in the areas of technical engineering, software solutions, business development and operations management.
In order to attract and retain existing talent, the 4,200 swuare-foot facility was designed with the purpose of being a quality work environment. The new HQ features interactive whiteboards and unified communications and is designed to facilitate mobile working.
“The new HQ truly is the feather in our cap, showcasing how we have used technology to pioneer the workforce of the future,” Ricoh Ireland general manager Gary Hopwood said. “Our revenue stream in Ricoh Ireland continues to grow and we want to continue driving that forward. To achieve that, we needed a new office space that could facilitate a much larger workforce that will be instrumental in Ricoh Ireland’s future success. We expect to see significant returns on this investment for many years to come.”
The new HQ will continue to focus on Ricoh Ireland’s core areas of business: managed document services, communications services, production print, business process services, software solutions and professional services.
“Ireland is viewed as a key area of growth for Ricoh and we will continue to make significant investments in the company’s continued success here,” Ricoh UK & Ireland CEO Phil Keoghan said. “Its strong portfolio of indigenous and global accounts is testament to the outstanding performance of the Irish operation. Ireland has the skilled workforce and international relationships that make it a very attractive location for any organisation with a global presence. This announcement demonstrates Ricoh’s consistent confidence in – and commitment to – the Irish market.”