A €50 million upgrade of the ABP food processing facilities in Cahir, Co. Tipperary, will create 152 new jobs and is expected to inject over €1bn into the economy over the next five years.
Taoiseach Enda Kenny, who launched the re-development yesterday, with Jobs Minister Richard Bruton, said the investment is another sign of the progress, momentum and confidence in the agri-food industry. “I’m delighted Government was able to support this investment, in a collaboration of state and private sectors, which is essential to ensure future growth and success,” he said.
The flagship facilities in Cahir are part of the ABP Food Group, one of Europe’s leading privately-owned agri-business companies, which employs over 8,000 people.
It has 41 manufacturing plants in Ireland, Britain Denmark, Poland, Austria, Holland and Spain. Its beef division is a major exporter of Irish beef. The group’s facilities in Cahir comprise a beef/food processing plant, with an abattoir, deboning facility, packaging plant and cold store, and an animal by-products plant, which includes a new added value gelatine bone chip production unit.
A study by Oxford Economics and KPMG estimates the re-developed facilities will contribute €209m to the economy each year. Most of it is likely to be in Tipperary and surrounding counties.
It also found that the construction phase of the new development was worth an additional €29m to the economy with 250 people employed during the process.
ABP Cahir employs 615 people directly and supports a further 1,334 jobs in the wider economy. It has had a presence in Cahir since 1973. In that time, the company has invested over €100m in the facilities while employment has grown from 43. Paul Finnerty, chief executive, ABP Food Group, said the Cahir facilities are world class.
Minister Richard Bruton said the food sector is a key part of the Government’s regional jobs plans to accelerate employment growth in all areas.
Environment Minister Alan Kelly said the ABP redevelopment in Cahir was a strong vote of confidence in both the region and the people of Tipperary
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