A medical devices company is to provide 55 new jobs over five years in Co Offaly.

Kelcourt Plastics, a California-based component supplier, has announced plans to establish a new medical tubing manufacturing operation in Tullamore with the support of IDA Ireland. Kelcourt Plastics is a division of US-based PPC Industries.

The Irish operation will also set up a product development team to work closely with customers' research and development teams on new products.

The specialised tubing that will be manufactured at the plant will be used in hundreds of medical products including anesthesia, urology, cardiology, surgery, IV systems and emergency medicine.

Invest NI to back First Derivatives expansion

Northern Ireland financial software group First Derivatives says it has secured funding from the North's development agency Invest Northern Ireland to help it expand its capital markets consulting business.

Newry-based First Derivatives says the £4.3m from Invest NI will help it to create 359 new jobs over the next three years.

'The grant will enhance the operational infrastructure and near shore capabilities necessary to support the increasing demand for its consulting services,' the company said.

The company provides computer software, risk management systems and consulting services to some of the worlds largest financial institutions.

First Derivatives chief executive Brian Conlon said he expected some of the highly skilled jobs to be taken up by people from the Republic.

This expansion brings the total employment at First Derivatives group to over 900.