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Current Position:Home » News » Agri & Animal Products » Meat & Seafood » Topic

Companies to invest €15.5m in Irish seafood processing sector

Zoom in font  Zoom out font Published: 2012-05-29  Origin: FBR  Views: 89
Core Tip: Irish Minister for the Marine Simon Coveney is set to announce a €15.5m investment by companies in seafood processing, which is expected to create more than 140 jobs around the coastline.
The investments are being made by 21 companies based in Wexford, Dublin, Cork, Donegal, Galway, Louth and Kerry, and are supported by grants of €3.2m under an EU co-funded seafood processing business scheme.

Over the next three years, the new investments are expected to boost the sales of added value seafood by almost €44m.

Simon Coveney said the investments show confidence in the sector as a high growth area of the economy, and demonstrate a willingness by Irish companies to address the strong global demand for Irish seafood.

The latest investment follows a previous investment of €7m by 21 companies last year. The food harvest strategy expects a potential revenue growth of €300m in seafood by 2020, increasing employment by 3,000.
 
 
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