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Minister Smith welcomes €2.5m Investment by Mc Carrens Meat Processors, Cavan with support from Enterprise Ireland

- 40 New Jobs to be created in CAVAN -

Mr. Brendan Smith T.D., Minister of State at the Department of Agriculture and Food, today welcomed the announcement by his colleague Mr Micheál Martin, Minister for Enterprise, Trade and Employment, of an investment of €2.5m by McCarrens & Co, Cavan with the support of Enterprise Ireland. The investment relates to the expansion of the company's pig processing facility in Cavan and will lead to the creation of 40 new jobs at the facility over the next three years. Minister Smith said that the investment is in line with his future plans for the food industry which is set out in Agri-Vision 2015 and underpins a move into higher value-added meat products and will also support management development and training initiatives.

"I am delighted with the investment of €2.5m by Mc Carrens. The investment, with support from Enterprise Ireland, will enable Mc Carrens to implement a new strategy based on developing new higher-value added products and responding quickly and innovatively to changing consumer demands internationally. Enterprise Ireland is working closely with the company to increase competitiveness and improve export capability.

"I am delighted with the creation of 40 new jobs at the Mc Carrens facility in Cavan. Not only will this investment bring high quality employment to the Cavan region, it will also generate spin-off economic benefits for the local economy. I congratulate Andrew Mc Carren and the Company on the further development and expansion of this renowned and long established Cavan firm", Minister Smith added.

Commenting on the investment, Andrew Mc Carren Jnr, M. D. Mc Carren & Co said: "McCarrens are working to increase export sales by targeting the high growth food service and manufacturing sectors in the UK and Europe. This investment marks the next phase of growth for McCarrens".

5 April, 2007

Date Released: 05 April 2007