PennEngineering, a US firm that makes mechanically attached fasteners for industrial products, will invest €14 million in its European headquarters in Galway City that it says will support the creation of 70 jobs.
On Monday, the company said the expansion of its footprint at Mervue will include the construction of a new building incorporating a technology and training centre as well as testing laboratories and a customer experience centre.
The investment, which is supported by IDA Ireland, will see PennEngineering’s headcount in the Republic grow by 70 over the next five years. The new jobs will be across different areas of the business, from manufacturing and engineering to training, it said.
“This investment reflects our confidence in the potential for growth in the region and our commitment to contributing to the local economy,” said PennEngineering Europe president Mary Ann Fleming. “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.”
