Global Green's new robotic arm to attract blue-chip clients
Meath-based plastics company Global Green Composites put some of a €500,000 investment round into a robotic arm (pictured) that enables it to make its products more efficiently.
The company recently received investment from pharmacists Brian McCartan and Paddy Digan, who have both joined its board.
It currently employs 60 people and is aiming to create 50 new jobs.
CEO Gerry Killen, who led a shareholder revolt at One51 and is a former managing director of that company's E-Waste Division, said Global Green would continue to invest in technology.
The company aims "to position itself as a European manufacturing leader in moulds and composite parts", and hopes the investment will lay the groundwork for further expansion.
Composites - reinforced plastics - are used to make a range of products from golf clubs to vehicles.
Co-founder Sara Killen said the company, which has also received money from Enterprise Ireland and whose clients include Northern Irish coachbuilder Wrightbus, hopes the technology will enable it to attract blue-chip clients.
It also makes wind turbine blades, fish tanks and roof panels.
"The composites industry is changing all the time," says Sara.
"In order for us to be a major European player we need to change with the market and invest in new technology, so that the parts we produce are of higher quality, more consistent, and so that we can also produce them at a more competitive price.
"Most of our business - 80pc - is export and Enterprise Ireland has already invested in us. They're assisting us to access markets beyond the UK, we've exported to the Middle East, we've exported to many countries in Europe. We'll go where the business will take us.
"Being Irish, people know that you have to survive beyond this little island," she added.
Global Green was born out of another company that was put into receivership and bought by the Killens. It is based in Slane and also has an office in London.
Accounts for the year to the end of last December show the company had shareholders' funds of almost €200,000.
Sunday Indo Business