A US engineering company which manufactures plant for the biotechnology and pharmaceutical industries is to create 100 new jobs at a manufacturing plant at Fermoy in Cork.
Pennsylvania-based ABEC is to establish its European headquarters at the former FCI electronics plant, which closed in 2008 with the loss of 240 jobs.
Recruitment has already begun to hire 100 staff over the next two years and ABEC says it hopes to drive the company's global growth from its new base.
FCI had been one of Fermoy's three biggest employers, expanding rapidly and providing a growing number of jobs through the previous decade.
But rising costs meant the plant could not compete, with the work undertaken there transferred to India, where the same car components were manufactured at a tenth of the cost.
