At least 150 new jobs are expected to come on stream in Shannon this year.
UMR Group, which has revitalised the former Molex and Avara sites in Shannon, says three companies are to move in there over the coming months.
UMR Group, a Mid-West based specialist company in site revitalisation and metals recycling, says it is in advanced discussions with three companies, with a view to taking over the lease for the two Shannon sites.
Aerogen, a major indigenous med-tech company has been announced as the first tenant at the 125,000 squre foot former Molex facility, which has committed to creating 90 jobs.
It will move into one half of the facility, with room for expansion.
UMR is also in advanced discussions with a second company to move on site, with the expectation that contracts will be signed shortly and the company will have moved on site early in the second half of the year.
In addition, a tenant is expected to be announced for the former AVARA Pharmaceuticals site, also in Shannon, in the second half of the year, leading to additional job creation.
In a statement to Clare FM, UMR Group’s Tony Donlon says “The Molex site has been the latest positive outcome for UMR in transforming a redundant industrial facility. We have a long history with the site as members of our team have been working with Molex as its environmental contractor for forty years. We knew the site inside out and recognized its potential.
“Aerogen’s commitment with 90 new posts is a brilliant start as it creates a seamless transition at the site from Molex’s activity to a new era with Ireland’s largest indigenous med-tech company”
Tony Donlan added that Individually and collectively this will be a huge boost to Shannon and, moreover, for the people who will be employed here. It will further validate UMR’s capacity and track record for transitioning former industrial sites into viable employment centers. It’s also a vote of confidence in the Mid-West as an attractive location for inward investment”
