US devices firm soars after just 3 years

A US medical device manufacturer has become one of the most profitable firms in the Shannon Free Zone within three years of setting up in the industrial estate.

Zimmer Orthopedics Manufacturing Ltd commenced operations in Shannon in 2009 and new accounts show that the firm last year recorded pre-tax profits of $79.5m (€61.3m).

This represents a 72% increase on the pre-tax profits of $46.1m in 2010.