50 jobs are to be created in Shannon by the US-based tools company SGS, which is headquartered in Ohio.
The company specialises in rotary cutting tools and its Shannon base will be called Melcut Cutting Tools Limited.
The announcement was made by the Tánaiste and Minister for Enterprise Mary Coughlan as she launched the end of year statement by Shannon Development, which marks its 50th year this year. The agency said companies it backed created 108 net new jobs in 2008 against a difficult global business background.
The Shannon Free Zone employs 7,000 people, and Shannon Development is undertaking a regeneration of the zone to upgrade it as a location for future entrepreneurs.
Meanwhile, the Tánaiste has this afternoon confirmed that former Kerry Group chief Denis Brosnan will chair the task force which has been established to look at employment in Limerick in the wake of the Dell announcement of job losses.
