KERRY Group's announcement that it is to open a €100 million Research and Development facility in Kildare has been hailed by Enterprise Ireland as its biggest success story of the last year.
In its End of Year Statement published on Thursday Enterprise Ireland reported that Irish exporting companies increased employment by 3,804 in 2012.
The statement singled out Kerry Group's Kildare project as the most significant development of the year in Ireland labelling the plan as an international "game changer" for global food innovation. Kerry Group have already commenced recruitment for the Kildare facility and the company says its on track to fill the first 200 of 900 positions by April 2013.
The €100m investment is to be part-funded by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland. In its statement Enterprise Ireland said it has "worked intensively" to secure the Kerry Group investment for Ireland. Kerry Group Chief Executive Stan McCarthy (pictured above) has said that the Kerry Group looked at others locations for the business including the UK and Europe, however he said once all the business considerations were made, it was clear that Naas was the best option. Management at Kerry Group are hopeful that, subject to the planning process, the plant will be operational by late 2014 or early 2015.