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Kerry Group to Invest Ä100 Million in Global Technology & Innovation Centre in Ireland
by - 18/10/2012
"Kerry Group, the global ingredients, flavours and consumer foods group, is to establish an industry-leading Global Technology & Innovation Centre in Ireland to serve the groupís customers in its EMEA Region. Located on a 28 acre site at Naas in County Kil"
Kerry Group, the global ingredients, flavours and consumer foods group, is to establish an industry-leading Global Technology & Innovation Centre in Ireland to serve the groupís customers in its EMEA Region. Located on a 28 acre site at Naas in County Kildare, the new flagship global technology and customer innovation centre will serve as a key focal point for Kerryís customer engagement activities providing strategic customers with access to the groupís complete breadth and depth of technologies, scientific research, innovation and applications expertise across food, beverage and pharmaceutical markets.
Kerry Group will invest Ä100 million in the new campus which will accommodate 800 people in 2015 and a further 100 positions when fully commissioned by mid-2016. The new Kerry Global Technology & Innovation Centre will also include Kerry Ingredients & Flavours EMEA regional management, 1 Kerry Global Business Services and support functions.
Stan McCarthy, chief executive of Kerry Group, comments: ďThe establishment of this new global technology and innovation centre is consistent with the Groupís 1 Kerry Strategy for Sustainable Growth, providing our customers with access to Kerryís total technical and innovation capability to optimise product differentiation in the marketplace and provide unrivalled speed to market. Working in tandem with the Groupís existing technology and innovation facilities, the new Centre will focus Groupwide capability to drive strategic customer engagement and sustainable growth.Ē
Construction of the new facility will commence in early 2013 once planning is complete.
From the commissioning of its first manufacturing plant in Listowel, Ireland in 1972, the Kerry organisation has grown to become a highly successful public company, having achieved sustained profitable growth with current annualised sales in excess of Eur5 billion. Launched as a public company in 1986, the market capitalisation of the group has grown to a current level of approximately Eur7 billion. Kerry Group now employs over 24,000 people throughout its worldwide activities and operations. The groupís ingredients & flavours division develops, manufacturers and delivers innovative technology-based ingredients and taste solutions and pharma, nutritional and functional ingredients for food, beverage and pharmaceutical markets.
Pictured at Kerry Groupís Eur100 million investment and 800 jobs announcement backed by Enterprise Ireland are Frank Ryan, chief executive of Enterprise Ireland; Stan McCarthy, chief executive of Kerry Group; and An Taoiseach Enda Kenny TD.
More Details: http://www.fdbusiness.com/2012/10/kerry-group-to-invest-e100-million-in-global-technology-innovation-centre-in-ireland/