This article is from page 10 of the 2009-02-03 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 10 JPG
The company which is bringing 50 new jobs to Shannon, Melcut Cutting Tools Ltd (Shannon) is a subsidiary of US based SGS Tools Ltd, part of the Manufacturers Group Interna- tional which employs approximately 400 people and has operations in the US, UK, France, Germany, Japan and China.
As part of its Shannon operation Melcut will focus exclusively on the development of customised cutting tool manufacture and establishing the Melcut brand name in the U.S and Canadian and Europe.
Melcut plans to develop a leading edge manufacturing facility at Shan- non which will involve a €2m capital investment programme.
The company’s unique mix of me- chanical and CNC machining skills sets will contribute to their com- petitive manufacturing capability at Shannon.
Two company _ representatives joined the Shannon Development team and the Tanaiste for the an- nouncement during the publication of the Shannon Development Annual figures yesterday.
They were joined by Minister Tony Kileen and Deputy Timmy Dooley
at the briefing in the Shannon Park hotel at Shannon airport.
The Tanaiste continued, “The deci- sion by Melcut, a global leader in its field, to establish 50 jobs at Shannon and undertake a ©2 million capital investment programme, is a strong vote of confidence in the facilities and skilled work force at Shannon Free Zone. Shannon Development’s securing of the Melcut investment shows the competitiveness and rel- evance of Shannon Free Zone in our drive to stimulate regional economic growth.” she said.
Welcoming the jobs announcement Vincent Cunnane, chief executive Shannon Development said, “The establishment of Melcut at Shannon Free Zone mirrors the continuous reinvention which Shannon Develop- ment has had to undertake to main- tain the Free Zone’s position as one of Ireland’s leading business parks.