Fermoy, Ireland – 14 January 2015 - US Company ABEC Inc. plans to expand its global operations at the former 87,000ft2 FCI facility in Fermoy, Co. Cork. The new operation will produce engineered process equipment for biopharmaceutical manufacturing and provide a range of service offerings to meet the growing demand from global pharmaceutical and biotech customers. Once operational, the company will create 100 jobs over the next two years. ABEC Inc. of Bethlehem, Pennsylvania, is a privately held company serving the global biopharmaceutical industry.
“This investment is a key component of ABEC’s broader strategy to deliver integrated process solutions on a global basis. The Fermoy facility will increase our capacity and allow us to better support our growing customer base in Ireland and Europe. We sincerely appreciate the support of the IDA as we establish our unique capabilities in Ireland,” said ABEC’s CEO Scott Pickering
Minister for Jobs, Enterprise and Innovation, Richard Bruton TD said “Engineering and manufacturing companies form a key part of the Government’s Action Plan for Jobs. A large part of the reason we have targeted companies in this area in particular is because of their potential to invest in regional locations. I know from our recent meeting in Pennsylvania that ABEC is a first rate company, and today’s announcement that it is investing in Fermoy with the creation of 100 jobs is a huge boost. Here is a company deciding to invest in a regional area of high unemployment, in a facility left vacant in a devastating 2007 job loss announcement – a great example of what we are trying to achieve with our jobs plan. I wish Scott and his team every success with this project”.
IDA CEO Martin Shanahan also welcomed the announcement, saying: “This is terrific news for the town of Fermoy and the wider North Cork region. ABEC explored various locations throughout Europe to identify the right property solution for its needs, one which would position the company’s future expansion in the European market. ABEC’s location in Fermoy followed an extensive national property search which IDA was heavily involved in and happy to assist with. I am delighted that it has culminated in this news today that the company is to set up in Fermoy with the provision of 100 jobs. I wish them every success in the future.”