More than 140 jobs are to be created in the seafood processing industry following significant investment by 21 Irish seafood companies.
Simon Coveney, the marine minister, yesterday announced €15.5m worth of investment by the seafood processing companies, based in Wexford, Dublin, Cork, Donegal, Galway, Louth, and Kerry.
The investment, supported by grants of €3.2m under the EU co-funded Seafood Processing Business Investment Scheme, is set to boost sales of seafood by nearly €44m by 2015.
Mr Coveney said: “This is a very sizeable investment by any standards and particularly so when combined with investment under this scheme over the past two years. It demonstrates the confidence in the seafood sector as a high growth area of our economy and of our food industry.”
Meanwhile, up to 40 jobs are to be created in Tipperary by a medical diagnostics company.
Technopath, based in Ballina, announced the jobs on the back of a €3m investment to scale their manufacturing capability and drive export activity.
This investment, supported by Enterprise Ireland, is being made in the quality control division, which manufactures products for a number of multinational in vitro diagnostic companies.
Technopath products monitor the quality of hospital laboratory blood tests (cholesterol, cancer markers, cardiac markers) and prevent the reporting of incorrect results.
Richard Bruton, the jobs minister said: “A central part of the Government’s plan for jobs and growth is creating a powerful engine of indigenous enterprise.
“Over recent years we have established major strengths in key sectors such as ICT and life sciences — we must now build on this to get more indigenous companies growing to scale, exporting more, and creating more jobs.”
© Irish Examiner Ltd. All rights reserved