The Manufacturing sector has been transformed over the past twenty years by globalisation, technology and the growth of emerging markets. Ireland has responded to these fundamental changes by moving its Manufacturing facilities and activities up the value chain in order to become the strategic hub of choice for global companies.
Global companies in the Life Sciences, ICT and Engineering sectors, like Merck, Apple and ABB, have decades of experience in Ireland. Each one has capitalised on Ireland’s swift response to the need for higher-value capabilities and expanded their Manufacturing operations in Ireland to span the full range of business functions.
Ireland has developed a high level of plant engineering and large-scale construction expertise. It also has the experience and skills to manage outsourced production on an international scale. Such a solid and deep skill base has earned Ireland an excellent reputation as a centre of Manufacturing excellence, Logistics planning and Advanced Manufacturing management practices.
The successful transition from Manufacturing to Advanced Manufacturing capabilities was achieved by targeting high-value Manufacturing operations that are knowledge, capital and skills intensive. A highly adaptable, creative and innovative workforce was a key element behind this successful transition.
This high-value sector demands the addition of value across the whole product lifecycle from Research and Development to Design, Distribution, Marketing and Support Services. Building and sustaining competitive advantage requires advanced skills, expertise and experience, which Ireland's high-skills, knowledge-based economy delivers.
Explore the current business landscape in Ireland and see what's happening on the ground now.
Martin Shanahan, CEO of IDA Ireland said: “This has been a fantastic week for job creation in IDA client companies with 1000 jobs announced across a variety of sectors In Limerick, Cork and Dublin.”
Michael Lohan is Head of Medical Technology & Healthcare Services at IDA Ireland. In this role, he is an ambassador spreading the word about Ireland's opportunities to medtech and biotech companies around the world. IDA Ireland is proud to be a platinum sponsor of The Med Tech Conference since 2007. Come visit IDA Ireland at booth #323. In the second part of this two-part blog, Lohan concludes his discussion about why American medtech companies have been choosing Ireland as their European base of operations.
A winning proposition for global business services
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Ireland’s attraction to multinational corporations is based on a variety of factors, from low tax to the quality of the workforce.
Successive governments have taken action to sustain Ireland’s pro-business, low-tax business environment, maintaining the 12.5% corporate tax rate and attracting new investment through measures such as the recent increase in the flexible Research, Development and Innovation (RDI) tax credit to 25%.
World-class academic institutions collaborate with multinationals in a dynamic RDI sector that has helped build Ireland’s reputation for research talent and innovation.
Workers and managers have developed high-level skills and experience operating multinational manufacturing facilities, earning a reputation for flexibility, creativity and productivity along the way.
Irish Manufacturing subsidiaries are continually evolving to meet the changing and challenging needs of the environment they operate in and the ever-increasing competitive pressures. In response they continue to develop their capabilities and move up the value chain to take on higher-value, knowledge and capital-intensive activities.
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We have 28 Offices worldwide helping support companies expand their operations in Ireland.