Healthier Smoker, which produces e-liquids and e-cigarettes says that the new facility will allow it to increase its current production of 50,000 bottles of e-liquid forty-fold in just a few months, as demand for its products continues to increase sharply.
Half of the initial 80 positions will be filled in its retail outlets across the country, with the remainder in the manufacturing arm of the business.
With 50,000 people using e-cigarettes in Ireland, and sales growth of 478% across the industry last year, there is room for further expansion, according to company spokesperson, Stephen Ryan.
“There is huge growth potential in this industry and we look forward to being at the forefront of that. In export terms, we anticipate that our business, just from this facility alone, could be worth €100m in the next five years.
“The potential for growth is staggering, and Ireland could possibly become a world-class centre of excellence for the production of e-liquids,” said Mr Ryan.
Meanwhile, in Germany, Taoiseach Enda Kenny delivered more good news on the employment front, with the announcement that Cork-based Zenith Technologies is to create a further 30 jobs, half of which will be based in Ireland.
All the jobs announced by the company, which currently employs 400 people globally, will be graduate engineering positions.
The dual jobs boost comes as it was claimed that more job opportunities are being advertised across almost every foreign direct investment (FDI) sector of the economy.
The Employment Market Monitor compiled by recruitment firm, Cpl shows double-digit year-on-year growth in a number of sectors; climbing by as much as 35% for science, engineering and supply-chain jobs.
Companies operating in IT, accountancy, finance and banking also posted more jobs in the second quarter of this year, compared with 2013.
The results indicate the likelihood of continued growth in the FDI sector, according to Cpl director, Peter Cosgrave.