A smart machine tool company in Ireland has just announced the launch of a machine tool factory in the town of Innochamp, Co Galway.
Dublin-based Innochamps is based in the same building where a similar plant in County Mayo, in Co Kildare, was once based.
The company has now announced a similar facility in Dublin, which it says will “provide the opportunity for local people to be able to make, repair, refurbish and sell their equipment”.
It is expected that the two factories will employ between 80 and 100 people.
It says the Innochams machine tool facility will employ more than 40 people.
Its founders say the facility will be the first of its kind in the country and that the business will bring the “first Irish manufacturing business to a market which has traditionally been dominated by foreign firms”.
Dublin has been an important hub for the growth of the smart machine tools industry in recent years.
It has seen the introduction of a new range of machines, the first with Bluetooth connectivity.
But the local business has not been able to expand rapidly enough.
Its main focus has been in Ireland’s northern suburbs, where the Innosmith machines are manufactured.
The first of these, a pair of ‘innochamp machines’, are seen in this illustration taken in this June 19, 2018 file photo.
Dubland-based startup Innochills has been trying to develop its manufacturing business in Dublin since 2013, but has struggled to gain traction and has had to lay off several employees.
The Innocham machine tool plant in Dublin.
(AP Photo)Its mainstay product, a series of ‘smart’ machines called ‘innosmiths’, is being made in Dublin in a factory owned by Irish companies, including one of the world’s largest makers of smart home devices, Nest.
It also owns a small manufacturing facility in the US, with which it has a close relationship.
The project to expand its operations in Dublin is part of a larger strategy to expand in the Dublin-Galway area, where it has around 1,400 jobs.
It is the latest in a series to be announced by Dublin-based startups to create new jobs in the city.