Edwards Lifesciences Corporation has announced it will establish its new €80 million manufacturing facility in Limerick, creating 600 jobs in the area.
The National Technology Park in Castletroy has been chosen by the California-headquartered company as the location for its permanent facility in Ireland.
Limerick Chamber CEO, Deirdre Ryan, described the announcement as “another great moment in the ongoing success story of Limerick”.
“Edwards Lifesciences Corporation is a huge name in the med-tech sector, it’s a global leader in its area and this announcement is a massive statement about Limerick’s attractiveness for inward investment today,” Ryan said, “and when a foreign direct investment (FDI) company selects Limerick, it only does so after looking carefully at other options in a very competitive market”.
“From a sectoral perspective, we’ve also now developed strong med-tech cluster, with Edwards Lifesciences joining other global brands like Cook Medical, Vistakon, Becton Dickinson, Stryker and others.
“The spin-off from this to indigenous supply-chain and Services Company can be huge also, let alone the bounce for the construction sector in developing the site,” Ryan said.
Ryan added that the investment confirms Limericks ability to successfully compete at the international table for inward investment, which she says is down to the collective approach of the likes of Limerick City and County Council, Shannon Airport, third level entities, IDA, and Enterprise Ireland.
“We’ve clearly built a compelling proposition but we’ve still much to do. We must remain competitive and strengthen that offering,” says Ryan, “critical to this will be delivery on the M20 as well as making sure that Dublin Airport is not allowed to entirely monopolise the aviation market and put Shannon, which is a key driver of jobs to this region, and other Irish Airports at risk”.
“As a Chamber we now look forward to doing whatever we can to make sure Edwards Lifesciences gets all the support it needs from the business community so that its investment here pays off in the way we know it can,” She concluded.
Who are Edwards Lifesciences?
Edwards Lifesciences is an American medical equipment company, based in Irvine, California. The company specialises in the manufacture of artificial heart valves and hemodynamic monitoring, and employs over 12,000 worldwide.