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News : Irish Last Updated: Jun 9, 2010 - 4:18:11 PM


US online firm MFG.com to create 50 jobs in Drogheda over 2 years
By Finfacts Team
Jun 9, 2010 - 2:25:01 PM

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The Minister for Enterprise, Trade and Innovation, Batt O’Keeffe TD, today announced that US firm MFG.com  --  the world's largest online sourcing marketplace for the manufacturing sector - -  is to create 50 jobs in Drogheda, Co Louth over the next 2 years.

The 50 positions will be created over the next two years in a new Operations Centre serving Europe, the Middle East and Africa (EMEA).

MFG.com connects buyers with suppliers in the global manufacturing sector and allows them to trade online. Billions of dollars worth of discrete manufacturing services, industrial components and textiles has been sourced on the website since 2000.
Functions such as customer technical support, sales and human resources will be based in the Operations Centre in Drogheda.

Announcing the jobs today, Minister O’Keeffe described the investment as "strategically important for the north-eastern region."

"Drogheda can provide the skills base and expertise to draw an innovative world-leader such as MFG.com - demonstrating our capacity to strengthen the employment profile in the regions as Ireland enters economic recovery.
 
"The announcement consolidates Ireland’s reputation in the global business services sector as a top location for innovation-intensive and knowledge-based investments,"
said O’Keeffe.

MFG.com’s general manager for Europe, Stefan Bachmann, said: "Drogheda was a natural choice for our EMEA expansion given the flexible highly qualified workforce and the increasingly competitive pro-business environment."

The chief executive of IDA Ireland, Barry O’Leary, said:
"This investment clearly reinforces Ireland’s reputation as one of Europe’s leading locations for business services companies."

Whatever the validity of O'Leary's claim, the number of jobs on foreign-owned firms in Ireland is now back to 1998 levels.

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