US medical devices company Edwards Lifesciences has announced that it has chosen the National Technology Park in Castletroy, Limerick to locate its new manufacturing plant.
Last March, the company announced that it would be building a new €80m plant in the midwest, creating 600 jobs.
It will initially employ 60 people in various functions such as production, engineering and professional management at its site in the Shannon free zone.
In a statement, Edwards Life Sciences says that it expects to operate at full capacity by 2021.
Minister for Enterprise Heather Humphries has welcomed the announcement of the location, saying that it will bring significant investment to the Castletroy area.
"It is a vote of confidence in the region to have a global leader in the Medtech sector, like Edwards, located here. My Department, through the IDA, is committed to supporting Edwards as it establishes its operations in Ireland and as it continues to develop its innovative heart valve technologies," she said.
IDA Ireland's CEO Martin Shanahan said the construction jobs in the building of the plant will bring substantial value to the local economy.
He said: "The decision on location paves the way for construction of this new state-of-the-art manufacturing facility.
"The construction jobs will be of substantial value to the local economy while the 600 new roles that will be created when the facility is fully operational will be of enormous benefit to the entire region."
Mayor of Limerick James Collins also welcomed the announcement by Edwards Lifesciences saying it is a further validation of Limerick's attractiveness to leading global companies.
In a statement, Mr Collins said: "The med-tech sector is growing in Limerick and today's decision further cements Limerick’s reputation as a go-to location for companies wishing to innovate and expand.
"The work to be carried out in the firm’s permanent facility in the National Technology Park in Castletroy will help change the lives of millions of people worldwide."