€46m cash boost for R&D and green tech initiatives
Monday December 14 2009
Four companies in Ireland are investing a total of €45.5 million, which will create 26 new jobs, in a range of research, development and green technology initiatives at their existing operations.
The investments are supported by the Government through IDA Ireland and will significantly enhance the level of RD&I and Green Technology capabilities at the Irish operations.
Wexport Ltd, part of the LEO Pharma Group is to immediately invest €10 million, with plans for a further €10 million at a later date, at its site in Little Island, Cork.
It involves the establishment of a Research and Development Centre in Bioprocessing technology in addition to a doubling of production capacity.
Merit Medical Systems, Inc, which produces proprietary disposable medical devices for use in hospitals worldwide, is to invest over €20 million at its Galway facility for Research and Development of a new product and to extend the range of a number of existing products.
Sanmina-SCI Corporation, a global electronics design and manufacturing services provider, is to invest €10 million in its operation in Fermoy, Co. Cork, for the expansion of its R&D into higher value activities.
Baxter Healthcare SA is to invest €5.5 million in installing and commissioning a 3MW Combined Heat and Power plant (CHP) in Castlebar, Co. Mayo over the next two years.
The CHP plant will consist of two gas fuelled CHP units, capable of generating 3MW of energy, allowing the company to generate 75% of its annual energy requirements at a significantly lower cost.
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