| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

   
Home 
 
 News
 Irish
 European
 International
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Last Updated: Apr 24, 2009 - 5:31:05 PM


Martin opens new Cork facility for US firm Cognex Corporation where 39 people are employed
By Finfacts Team
Apr 14, 2008 - 10:52:42 AM

Email this article
 Printer friendly page

Minister for Enterprise, Trade and Employment Micheál Martin TD today announced that US firm Cognex Corporation, which llisted on the Nasdaq exchange and termed by the minister as "the world’s leader in the machine vision industry," has expanded its international manufacturing and distribution centre in Cork and has moved into a new facility at the Gateway Business Park in the City.

Cognex Corporation of Massachusetts, US, is a supplier of machine vision sensors which gauge, guide, inspect, count and identify products on fast moving production lines. The Cork operation employs 39 people, with responsibility for quality control, supply chain management, and the final configuration, kitting, and distribution of Cognex vision systems, sensors, software and ID readers.  These are devices that help automate the manufacture of a broad range of products by inspecting, identifying and tracking items during the production process.  The new 20,000 square-foot facility will be the base for shipping Cognex products to customers in Europe, Asia and Japan.  It provides a 53% increase in space on the former premises and is needed to meet growing demand for Cognex products in regions outside of the US. 

Martin, performing the official opening of the new facility, said “Cognex Ireland has been very successful to date. This expansion and relocation is excellent news for the company and its workforce in Cork, as it will play an even more strategic role in the company’s international business. The success of this facility in meeting the growing demands for its products and providing a more responsive service to international customers were major influences on the decision to undertake this strategic development here.” 

Dr. Robert J. Shillman, Cognex Chairman and CEO, said “Cognex first opened a manufacturing operation in Cork several years ago in order to provide more responsive service to our international customers. As our international business has expanded, so has the need for increased manufacturing and distribution capacity. This new facility provides Cognex with the capacity to support that growth, and it will help us be even more responsive to our international customers, distributors and partners.” 

Martin continued “IDA Ireland encourages overseas companies to continuously evolve and grow by taking on additional value added activities such as R&D so that companies can keep pace with new technological developments and thereby introduce product and process development improvements.

Ireland provides considerable opportunities and support for companies on the scale of Cognex’s Irish operation to grow and develop into the future”

Cognex designs, develops, manufactures, and markets machine vision sensors and systems, or devices that can “see”.  Its vision sensors are used in factories around the world to automate the manufacture of a wide range of items and to assure their quality.

Related Articles


© Copyright 2007 by Finfacts.com

Top of Page

Irish
Latest Headlines
Bank of Scotland Ireland to close Halifax network with loss of 750 jobs; Entry to Irish mortgage market in 1999 resulted in significant increase in competition
Annual volume of Irish retail sales fell 14.1% in 2009 - -down 18% in value terms; Sales rose 0.4% in December
Honohan says Government will provide further significant capital funding to the Irish banks in coming weeks
Economist George Lee abandons broken Irish political system; Resigns from Dáíl and Fine Gael
AIB Bank error in account classification results in overcharging on 40,000 accounts - - requiring average refunds of €100
Irish Consumer Sentiment rose in January
IBEC calls for 10% rebate on commercial rates for Irish retailers from cash-strapped local authorities
Irish construction activity continued to fall sharply in January but at slowest pace in five months
Surveyors predict 40,000 more job losses in Irish construction in 2010 from 2007 peak of 269,000 to 1995 low of below 100,000; Call for property tax
Finance Bill 2010: Provisions to increase the attractiveness of Ireland as a location for investment and transfer pricing changes for multinationals included
National Irish Bank reports 2009 pre-tax loss of €661 million
Irish Live Register rises by 5,800 in January to 434,700
Irish services sector PMI fell sharply in January; Intense competition continued to drive down output prices
Irish pension funds' returns fell in January
Official figures show 6,700 full-time workers were made redundant in January; Live Register expected to show rise of about 13,000
ESRI slams Gormley's gombeenism on incineration; Irish waste policy has “no underlying rationale”; Likely to impose “needless costs on.. economy"
Irish Exchequer returns for January show tax receipts down 17.7% compared with January 2008
Central Bank says in 2009 credit ex-valuations effects dipped 3.2% for Irish non-financial corporations; Household credit dropped 1.5% and residential mortgages were 0.3% lower
Irish manufacturing output fell in January as freezing weather conditions hit operations
Ryanair posts fiscal Q3 loss of €11m; Revenues rose 1%; Passengers numbers up 14%; Profit forecast raised