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Edwards Lifesciences doubles down on Irish plant

Edwards LifesciencesEdwards Lifesciences (NYSE:EW)  reportedly plans to double its investment in a plant it’s building in Ireland that’s expected to add 600 jobs to the local economy.

Last year the Irvine, Calif.-based company said it planned to build a new, 170,000-square-foot facility in Limerick to manufacture delivery components for its transcatheter heart valves. At the time the project was slated to cost about $93.3 million (EU €80 million) and open in 2021.

Today Edwards said it will add another $93.3 million to the tab as it plans to build a larger plant but held to the 2021 timetable as it broke ground on the construction.

“Since we established operations in Ireland last year, we have appreciation for the excellent business environment to help develop our operations. We are also proud that we have had the opportunity to begin to engage in local community activities and initiate educational and professional opportunities for our employees,” chairman & CEO Michael Mussallem said, according to the Irish Times.

Edwards employs 50 workers in Shannon, the newspaper reported.

The post Edwards Lifesciences doubles down on Irish plant appeared first on MassDevice.

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