New crystal plant to create 100 jobs
Published 06/01/2010 | 05:00
UP to 100 new jobs are to be created in a new crystal manufacturing and tourist development in Waterford city.
The city council and the purchasers of the Waterford Crystal brand are teaming up to create the new project in the old part of the city.
City manager Michael Walsh explained that as much as €25m will be invested by the local authority, the Government, and the European Regional Development Fund in a range of tourist related facilities.
WWRD Holdings, the company which purchased rights to use the Waterford Crystal brand, will also make a multi-million euro investment and rent property from the council to accommodate the manufacturing, retail and visitor facilities. About 50 people will be employed in the retail and visitor facilities and a similar number in making crystal when it opens next June.
Mr Walsh said: "The whole project will be the key driver of a new tourism drive by the city aimed at building on the international reputation of the crystal brand which attracts about 250,000 visitors a year to the city and the south-east."
The move comes as the receiver David Carson placed the site of former Waterford Crystal, at the city's Kilbarry suburb, on the market.
Estate agents Savills declined to comment on speculation by local observers that the property could generate between €10m and €20m.