PennEngineering is creating 70 new jobs over the next five years at its operations at Mervue in Galway city.
The company is investing €14m in the expansion, which involves the construction of a new building, a new technology and training centre as well as testing laboratories and customer experience centre that will enhance its capacity to meet the increasing demand for its engineering fastening solutions.
The company said the new jobs will span a variety of roles, including manufacturing, engineering, training and more, offering diverse opportunities for local talent.
The expansion project is supported by the Government through IDA Ireland.
Mary Ann Fleming, President of PennEngineering Europe, said the investment reflects the company's confidence in the potential for growth in the region and its commitment to contributing to the local economy.
"Our on-site manufacturing also continues to expand with the introduction of new products continuing our 85-year history of product innovation in self-clinch fasteners. Supporting training and development of our people and job creation are priorities for us and this expansion is key to this initiative. As part of this growth announcement, we welcome the board of PennEngineering on site for their biannual meeting and wish them well as they strategise for the future of our global company," she said.
"Our long-standing partnership with Ireland and the IDA spans over 20 years, and their support has been invaluable in fostering the growth and development of our business in Europe", Pete George CEO of PennEngineering, said today.
Mary Buckley, Executive Director of IDA Ireland, said that PennEngineering has been in Galway since 2001 and this announcement today highlights their ongoing commitment to the West Region.
"The operation is already a recognised centre of excellence within the global organisation and this expansion and 70 jobs further enhances its strategic capabilities in Galway," she added.
Minister of State for Trade Promotion, Digital and Company Regulation Dara Calleary TD said investments such as the one today continues to advance Galway's position, in particular, as a global hub.
