Clare’s Junior Minister says the importance of the medtech sector in the Midwest to Ireland’s economy cannot be over-stated.
It follows today’s announcement by Modular Automation that it’s to create 100 jobs at its Shannon facility by 2023, while also planning a significant increase in terms of production space.
Modular Automation has been operating in Shannon since 1986 and, for the past 25 years, has been involved in the medtech sector.
Over the past three years, the firm has added 100 staff at its Smithstown Industrial Estate, bringing its total workforce to 167, and now, a further 100 are to be hired.
It has also acquired a further eight acres of industrial-zoned land for future development of 60,000 square feet of production space.
CEO of the company Vivian Farrell says the new roles will be high-end roles.
Ireland is currently the second-largest exporter of medical devices in Europe, with nine of the world’s top 10 medtech firms based here – many of whom are in Shannon, Limerick and Galway.
Today’s announcement follows that of Smithstown Light Engineering recently, which is adding 60 jobs at its Shannon base, but also follows a number of job losses, including the planned closure of Molex, which has 500 jobs under threat.
Clare’s Junior Jobs Minister Pat Breen says in light of this, today’s news is particularly welcome, adding there’s plenty of medtech opportunities for Shannon.