ChinaHR invests €30m in Chinese operationsMonday 23 June 2014 16.46
ChinaHR, a recruitment company owned by Denis O'Brien and Leslie Buckley, is to invest €30m in its technology and in hiring more staff in China.
It already employs over 2,600 people, making it the largest Irish-owned employer in China. The company has now invested about €100m in China since it entered the market there in 2006.
"The Chinese economy is still strong, growing at approximately 7% per annum. This is good news for ChinaHR, as we continue to develop the future growth of the business," commented Leslie Buckley, the company's chairman.
"Our latest investment will continue to strengthen Ireland’s business relationship with China as well as contributing towards the further development of a leading edge online recruitment offering for China," he added.
ChinaHR is one of a number of businesses announcing deals flowing from an ongoing trade mission to China.
Mobile technology company Accuris and building management systems specialist Cylon have sealed joint ventures with Chinese firms.
Openjaw Technologies, which works with companies in travel and tourism to help them generate retail sales online, is to open an office in Hong Kong.
"At the heart of our strategy for jobs and growth is supporting innovative Irish companies selling their goods and services in high-growth foreign markets like China," said Richard Bruton, Minister for Jobs, Enterprise and Innovation.
"Today’s announcement by ChinaHR that it is investing €30m in its operations in China is very welcome news. Increased exports by companies like ChinaHR in China ultimately supports increased employment in Ireland. I wish them every success with this project," the Minister added.