Business

Johnson & Johnson Vision Care investing €100m in Limerick manufacturing facility

Johnson & Johnson Vision Care, operating as Vistakon Ireland, is investing over €100m in expanding its Vistakon Ireland contact lens production facility in Limerick. The 18-month construction phase at the facility at the National Technology Park in Plassey is expected to create 200 temporary jobs. Vistakon Ireland was set up in Limerick in 1996 and is one of several Johnson & Johnson companies operating in Ireland. Between them the companies employ around 2,500 people. Headquartered in Jacksonville, Florida, Johnson & Johnson Vision Care produces the Acuvue range of soft disposable contact lenses. “Limerick was chosen for this strategically important investment because of its track record over many years in providing…

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Value of construction projects started down 20pc in Q1 but applications on the rise – index

The value of construction projects started in the first three months of this year has fallen by 20pc to €1.69bn compared with the first quarter of 2014, according to the Building Information Index, which is produced by a team of researchers at Building Information Ireland (BII). Danny O’Shea, managing director of BII, said five of the seven sectors measured by the index recorded a fall. “The residential sector saw the most significant drop, falling from €874m in the first quarter of 2014 to €600m in the first quarter of 2015. “Education also suffered a major decrease, falling by 68pc. By comparison, there was a significant increase of 54pc in the…

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Start-up numbers rise 24pc, insolvencies down by 38pc in May

Some 3,653 new businesses were set up in May, 24pc more than the same month last year, according to figures released today by Vision-net.ie. The number of insolvencies during the month was down by 38pc to 79 during the month. The company said 59pc of all new registered business names in May were sole traderships. Professional services accounted for almost 30pc of all company start-ups (up 35pc on May 2014), while the wholesale and retail sector made up 10pc of start-ups and social and personal services accounted for 9pc. Construction and hospitality start-ups rose by 15pc and 27pc year-on-year, respectively. In Dublin, 699 new companies were set up in May.…

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Arch, Ireland’s market-focused €5m connected health technology centre launched in UCD

Ireland’s €5m Applied Research for Connected Health (Arch) technology centre has been officially launched in UCD today. Connected health involves using connecting technologies and medical devices and treatments for healthcare applications.  Technologies relating to sensors, alarm systems, vital sign monitoring devices, health informatics and data management systems are also key elements in the development of connected health solutions. Headquartered at UCD’s industry partnership centre, NexusUCD, Arch will also have input from University of Limerick (UL) and most of the higher education institutes in the country with connected health research capabilities. Fifteen industry partners are currently steering the Arch research programme, namely ADA Security Systems, Boston Scientific, Hermitage Medical Clinic, Icon, OpenHealth,…

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KWE pre-lets entire Baggot Plaza redevelopment to Bank of Ireland

Kennedy Wilson Europe has signed an agreement to lease its three-block Baggot Plaza office redevelopment in Dublin 4 to Bank of Ireland. KWE recently received final planning permission for an extra 37,700 sq ft as part of a complete redevelopment of the existing 91,600 sq ft 1970s structure, located from 27 to 33 Baggot St. The redevelopment, which will now comprise 129,300 sq ft of space, is made up of three blocks: Block A (64,900 sq ft), which fronts on to Fleming Place; Block B (42,800 sq ft), which interconnects Block A and B and facilitates access to both Baggot St and Fleming Place; and Block C (21,600 sq ft),…

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Quantcast co-founder officially opens Dublin EMEA office now employing 75

Co-founder of US tech company Quantcast Konrad Feldman has officially opened the company’s Dublin office where staff levels have grown to 75 since 2012 when it was established. Headquartered in San Francisco, Quantcast is specialised in real-time advertising and audience measurement and is one of the leading companies in the world applying the power of big data and analytics to digital and mobile advertising. Quantcast employs a total of 650 people worldwide and has received US$65m in investment funding since its foundation in 2006. The Dublin office, which acts as the firm’s European operations centre, has teams looking after finance, marketing, recruitment, sales and customer services across the EMEA region.…

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New housing development monitor shows 2,363 planning applications in Dublin region in Q1

A new monitor of residential planning activity in the Dublin region across the four local authorities shows that there were 2,363 planning applications (for 25 plus unit schemes) in the first quarter of the year. This was an increase of 6pc compared to the final quarter of 2014 (2,234 permissions), but is down 40pc on the number of similar applications for Q3 2014 (3,734 permissions). The Quarterly Housing Development Monitor is published by the Society of Chartered Surveyors Ireland (SCSI), the professional representative body for the property, land and construction sectors, in conjunction with Future Analytics Consulting. “Planning permissions are a good indicator of the levels of supply that will…

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Construction sector forecast to grow by 26pc over the next two years

Construction sector output grew in volume terms by 10pc in 2014 to €11bn and is forecast to increase by around 26pc over the next two years, according to a report released by the Society of Chartered Surveyors Ireland (SCSI). The SCSI’s ‘Irish Construction Prospects to 2016’ report – which was prepared by DKM Economic Consultants in conjunction with the SCSI – suggests that the growth in output will be driven by housebuilding and commercial property activity. Andrew Nugent, incoming president of the SCSI, said: “The fact that the sector grew by 10pc is positive and reflects improved economic conditions and confidence in the sector. “However, the growth is still coming…

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Kennedy Wilson submits planning application for Capital Dock

Global property company Kennedy Wilson and its equity partners, in a joint venture with the National Asset Management Agency (Nama) has submitted planning for its visionary development on Sir John Rogerson’s Quay in Dublin 2. Extending over 4.8 acres, Capital Dock is one of the largest undeveloped sites in Dublin CBD (Central Business District) and will deliver over 600,000 sq ft of new space at this prime waterfront location. It will include 313,000 sq ft of office space across three buildings and 204 high quality residential units across two buildings, one of which will incorporate a 19-storey tower. The proposed development, which is bounded by water on two sides, places…

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Prometric to create 40 jobs in Dundalk with new DCU research partnership

US-based testing company Prometric has entered into a three-year research partnership with Dublin City University (DCU) valued at around €1m which will create 40 new jobs in Dundalk, Co Louth. Supported by IDA Ireland, Prometric has invested more than €75m in Ireland over ten years of operation and this announcement means a further injection of more than €3.5m to expand its Co Louth presence and partner with DCU. In Dundalk, Prometric’s 40 new jobs will add finance and customer service functions to its test development, technology, operations and human resources teams already there. When all hiring is complete, the company expects to have 168 employees in Ireland, 147 of which…

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