Chamber welcomes Hollister €65 million investment
Monday 18th October 2010 Today's €65 million investment announcement by Hollister ULC to expand its current manufacturing facility in Ballina is a significant vote of confidence in Ireland, and particularly the Western Region, as a location for Foreign Direct Investment, the American Chamber of Commerce Ireland has said. In spite of difficult economic conditions, Ireland remains a location of choice for US multinationals looking to create and expand operations in Europe.
Mr. Gerard P. Kilcommins, Chairman of the Chamber's Western Region and Global VP Vascular Operations & Site GM Galway at Medtronic Galway, said "today's announcement of 250 new jobs for Ballina is welcomed by the entire West region. The creation of 220 construction jobs will also provide a significant economic boost for Ballina and Mayo.
Mr Kilcommins, who is also the 1st Vice President of the American Chamber, added "it is encouraging to see the continued development of the Life Sciences sector in the West of Ireland, which includes Medtronic, Boston Scientific, Covidien, Baxter Healthcare; Allergan, Accellent and Merit Medical. As we seek to build on this investment, critical infrastructure, in particular the timely completion of the N5 must be delivered."
"Mayo has a portfolio of world-class foreign direct investment manufacturing companies which employ 3,000 people directly and a further 6,000 in indirect employment. For these businesses the sub-standard N5 east-west link remains a contentious issue. Because of its poor condition, it is adding excessively to their transport costs and is putting them at a serious competitive disadvantage. The completion of the N5 upgrade is vital to support important high value jobs and investments in the Mayo region".
The US remains the biggest investor in Ireland with more than 600 companies nationwide directly employing close to 100,000 people, with around 13,000 of those direct jobs located in the Western Region.