Penn Engineering is to invest €14m in a new building on its Mervue campus as part of an expansion plan to create up to 70 new jobs in its steel fastening business.
The company applied for planning permission last autumn for a 4,000 square metre extension which will link its Building 1 with Building 3.
The company said the new construction will include laboratories, a new technology and training facility, and customer experience centre. New jobs will come on stream over five years in manufacturing, engineering and training.
The expansion project is supported by the Government through the IDA, which has a 20 year partnership with Penn Engineering.
Minister of State for Trade Promotion, Digital and Company Regulation, Dara Calleary TD welcomed the creation of 70 jobs as part of Penn’s expansion project: “Investments such as the one today continues to advance Galway’s position, in particular, as a global hub,” he said.
“We are thrilled to expand our operations in Galway,” said Mary Ann Fleming, President of Penn Engineering Europe. “This investment reflects our confidence in the potential for growth in the region and our commitment to contributing to the local economy. We look forward to welcoming new members to our team and continuing to innovate in the world of fastening technology.
“Our on-site manufacturing also continues to expand with the introduction of new products continuing our 85-year history of product innovation in self-clinch fasteners. Supporting training and development of our people and job creation are priorities for us and this expansion is key to this initiative.
Penn Engineering has been in Mervue since 2001 when it bought Galway engineering firm Precision Steel Components, founded in 1980 by Charlie Coughlan.
