PennEngineering, the company specialising in innovative fastening solutions, has announced the expansion of its operations in Galway city.
This significant extension is set to create 70 jobs over the next five years, in support of the company’s commitment to growth and community development.
The €14m expansion project, which involves the construction of a new building, includes a technology and training centre as well as testing laboratories and customer experience centre that will enhance PennEngineering’s capacity to meet the increasing demand for its engineering fastening solutions. The jobs created will span a variety of roles, including manufacturing, engineering, training and more, offering diverse opportunities for local talent.
Trade promotion minister Dara Calleary said: “I am pleased to welcome this announcement from PennEngineering which will see the creation of 70 jobs as part of a major expansion project. Investments such as the one today continues to advance Galway’s position, in particular, as a global hub. I am pleased to welcome this announcement and wish PennEngineering every success.”
“We are thrilled to expand our operations in Galway,” said Mary Ann Fleming, president of PennEngineering Europe. “This investment reflects our confidence in the potential for growth in the region and our commitment to contributing to the local economy.
Product innovation in self-clinch fasteners
“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.
“As part of this growth announcement, we welcome the board of PennEngineering on site for their Bi Annual meeting and wish them well as they strategise for the future of our global company.”
“Our long-standing partnership with Ireland and the IDA spans over 20 years, and their support has been invaluable in fostering the growth and development of our business in Europe,” said Pete George, CEO of PennEngineering.
The expansion is expected to be completed by January 2025. PennEngineering® plans to begin the recruitment process immediately, with job openings to be posted on the company’s website and local job boards.
Mary Buckley, executive director of IDA Ireland, said: “PennEngineering has been in Galway since 2001 and this announcement today highlights their ongoing commitment to the west region. The operation is already a recognised centre of excellence within the global organisation and this 4000m² expansion and 70 jobs further enhances its strategic capabilities in Galway. I wish the PennEngineering team continued success.”
The expansion project is supported by the government through IDA Ireland.
For more information about the expansion and job opportunities, please visit www.pemnet.com/eu/.