200 jobs are to be created by Cook Ireland in Limerick over the next five years as part of a €25m investment.
The company, which currently employs 480 people, is expanding its medical devices manufacturing and services facility based at Plassey Industrial Park in Castletroy.
The investment will also establish the Limerick plant as the sole global manufacturing site for Cooks new drug eluting stent, ZILVER PTX.
The investment is being supported by IDA Ireland.
Tánaiste Mary Coughlan, who is visiting the plant this afternoon, said the investment was superb news for staff and management of Cook Irleand and for the thriving medical technology industry in Ireland.
The Minister for Enterprise, Trade & Employment also said it would add further value and importance to the facility.
The Government is also supporting the R&D linkages which the company has undertaken with the nearby University of Limerick and the Dublin Institute of Technology.
Bill Doherty, Vice President of Cook's European Business, said the Limerick facility's successful track record in implementing and delivering a variety of projects over the past 12 years was a significant factor in Cook's decision to undertake this strategic investment in the city.