Eli Lilly to Invest €330m in Cork Biopharmaceutical Facility

Minister for Jobs, Enterprise and Innovation Richard Bruton TD The Minister for Jobs, Enterprise and Innovation Richard Bruton TD has today announced that Eli Lilly and Company, a global leader in biopharmaceuticals, is to invest €330m in a brand-new facility at its Kinsale campus in Cork. The investment will expand the Kinsale site’s existing biopharmaceutical mission with the establishment of an additional world-class commercialization and manufacturing facility. When fully operational, the new plant will require up to 200 highly skilled employees. Also, a further 300 construction jobs will be created on the site during building works. The planned 240,000-sq ft biopharmaceutical commercialization and manufacturing facility announced today will further enhance…

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Microsoft announces US$130m investment in Dublin data centre expansion

Microsoft announces US$130m investment in Dublin data centre expansion

Microsoft said today that it will invest another US$130m in expanding its Dublin data centre. The company originally spent US$500m on centre, which has been in operation since July 2009 and provides computing capacity to customers across Europe, the Middle East and Africa. Once complete, the expanded facility will employ a further 50 to 70 people. Around 400 jobs will be created during the construction phase over the next 12 months. “This investment shows where we are placing our bets for the future,” said Peter Klein, Microsoft’s chief financial officer, in Dublin today. “As customers embrace Microsoft cloud services such as Office 365, Windows Live, Xbox Live, Bing and the…

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Centra to create 150 new jobs in 2012

Centra said today that it plans to 150 new jobs in 2012 as it invests €10m in new store openings. The convenience retailer said it will add 300 jobs to its existing workforce this year, as a further 20 stores are added to its network. Some 150 of these jobs will be created by the opening of a number of new greenfield sites, with the balance coming through store extensions and other independent stores joining the Centra network. This will involve an investment of €10m in new store openings, as well as the extension and refurbishment of existing stores. Speaking today at Centra’s National Retailer Conference in Killarney, Martin Kelleher,…

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Irish have mixed feelings about corruption – Eurobarometer

People in Ireland have mixed feelings about corruption, according to a new Eurobarometer survey carried out for the European Commission. Just 55pc of Irish people think corruption is unavoidable and has always existed, which is the second lowest rate in Europe after the Czech Republic at 46pc, and well below the EU average of 70pc. However, 86pc of Irish respondents believe corruption is a major problem in their country, compared with the EU average 74pc, and a one point increase since the 2009 survey. The Greeks (98pc), Portuguese and Cypriots (both 97pc) and Hungarians and Romanians (both 96pc) were most likely to think that corruption was a major problem in…

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Digital Realty acquires 10-acre development in West Dublin

Global data centre solutions provider Digital Realty Trust has acquired a 10-acre development site in Profile Park in Dublin 22. The site is capable of supporting the phased development of approximately 11.5 megawatts of data centre space across four buildings, totalling around 193,000 square feet of space. “Dublin remains an important data centre market for both local and multinational corporations, including large technology and Internet companies as well as IT service providers,” said Michael F Foust, CEO of Digital Realty. “Using our phased development approach, this site will enable us to support our customers’ expanding data centre needs by bringing data centre space online efficiently in terms of both time…

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Smurfit Kappa revenues up 10pc in 2011; pre-tax profits rise 190pc

Smurfit Kappa Group (SKG) this morning reported a 10pc increase in its full year revenue in 2011 to €7.357bn and pre-tax profits of €299m, up over 190pc from €103m in 2010. “We are pleased to report EBITDA growth of 12pc to €1,015m and pre-exceptional EPS growth of 69pc to €1 for the full year of 2011,” said Gary McGann, Smurfit Kappa Group CEO. “Our strong free cash flow generation delivered a net debt reduction of €358m to €2.75bn in 2011, which exceeded our net debt reduction target. Lower net debt combined with a strong EBITDA outcome delivered a reduction of our net debt to EBITDA ratio to 2.7x at year-end.”…

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Globally focused start-ups to create 300 jobs at NovaUCD

Some 37 globally-focused start-ups based at NovaUCD expect to create 300 highly-skilled jobs over the next two years, which will more than double the number of people currently employed there. NovaUCD’s high-tech companies are all focused on international markets. For example, HeyStaks and Tethras also have offices in Silicon Valley in addition to their HQs in NovaUCD and Equinome is providing its equine genetic tests to thoroughbred horse breeders and owners not only in Ireland but also in the UK, France, Russia, Australia, the US, New Zealand and Singapore. The employment projection figures are based on the results of an annual employment survey of companies based at the centre. There…

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Aer Arann adds two new routes, increases flight frequencies

Aer Arann adds two new routes, increases flight frequencies

Aer Arann is to add two new Aer Lingus Regional routes to its summer schedule, as well as increasing frequencies on nine of its existing routes. The two routes to be operated by Aer Arann under its franchise agreement with Aer Lingus are Dublin-Bournemouth from 1 May, which will oeprate six times a week, and Shannon-Rennes, which will operate once a week as a summer seasonal route from 9 June to 1 September. Aer Arann will increase frequencies on nine of its Aer Lingus Regional services to: Aberdeen, Edinburgh, Glasgow, Blackpool, Manchester, Birmingham, Bristol and Rennes. “Aer Arann is committed to providing its customers with easy, convenient regional connectivity and great value for money,” said Aer…

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Google & Twitter Gives Egypt Alternative to Connect to the Web

Twitter

Google and Twitter have launched a service in Egypt which allows citizens to communicate with each other and the outside world despite restricted Internet access. The Egyptian administration cut off the country’s Internet connection in an attempt to curb contact between activists and citizens. However, Internet giants Google and Twitter have stepped in and launched a service which allows people to send Twitter messages by leaving a voicemail for a specific number. The two organizations have teamed up to get the project off the ground. The new service uses Google’s speech-to-text recognition capability to automatically translate a message left on the number. It will then be sent out on Twitter…

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Ben & Jerry’s offers €10,000 prize to entrepreneurs

Ben & Jerry's offers €10,000 prize to entrepreneurs

Ice cream brand Ben & Jerry’s is running an initiative called ‘Join our Core’, offering Irish entrepreneurs the chance to win a prize including €10,000 in cash. Ben & Jerry’s is looking for talented individuals from across Ireland who can create a business that embraces its philosophy of giving back to the community and environment. Successful entrants will get the chance to pitch their business idea to a panel of industry leaders – including Ben & Jerry’s co-founder Jerry Greenfield, and representatives from Ashoka, VSO (international development organisation) and The Fairtrade Foundation (independent certification body). Aside from the cash, the five ultimate winners will also win mentoring from Ashoka and…

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