Some 200 high quality jobs are to be created over the next five years at a medical technology company in Limerick, it was announced today.
The new posts will form part of a €25m Government-aided investment in the expansion of Cook Medical in Limerick.
Tánaiste and Employment Minister Mary Coughlan said it was another fantastic development for the industry in Ireland.
“This is the tenth significant investment by a multinational company from the medical technologies sector in Ireland since the beginning of this year,” she said.
Cook Medical already employs 480 people at its Limerick plant in the National Technology Park.
It makes devices for a range of medical areas including urology, gastroenterology, women’s health and surgery.
The new facility will manufacture stents, or small tubes used for inserting into blood vessels, for the treatment of peripheral arterial disease.
“Cook is a great company and its medical device products are at the forefront of technology,” said Ms Coughlan.
“Since establishing in Limerick in 1996, the operation has seen continuous development well beyond its original mandate and this investment will add further strategic value and importance to the facility.”
Cook is one of the world’s largest privately held medical device companies.
Bill Doherty, vice president of the firm’s European business, said the Irish plant’s performance over the past 12 years was a significant factor in the investment at the site.
“In addition, our experience in Limerick demonstrates Ireland’s ability to provide the right people – highly skilled and adaptable which are needed for the next phase of our development,” he said.