Stryker Corporation plans to build the new facility at Carrigtwohill, east Cork. It's expected this will be built before the end of the year, and that it will be a centre of global excellence for the firm.
Stryker employs over 1,000 staff across three plants in Ireland. It was founded by US orthopaedic surgeon Dr Homer Stryker in 1941 and has more than 25,000 people worldwide.
Stryker has two plants at the IDA site in Carrigtwohill, where it makes minimally-invasive surgical instruments and hip replacements, and currently employs around 700 people.
Another 500 are employed in a factory in Raheen, Limerick.
