One of the world’s leading automotive suppliers, Valeo, is to create 100 new jobs in Galway over the next three years as part of a major expansion and research, development and innovation (RD&I) investment.
Valeo is undertaking a major R&D initiative at the operation in Tuam to target a growing share of the camera market with the development of the next generation of new camera/vision systems and supporting technologies for vehicle parking and manoeuvring.
This investment programme follows the successful launch by VVS Tuam of its first-generation multi-camera systems on the market in 2008.
The company is now proposing to significantly expand its manufacturing operations to meet growing automotive customer demand and to develop the next-generation vision systems for the global market.
Expansion in Tuam
“The expansion in Tuam is very significant within the Valeo group as it will play a leading role in ensuring that Valeo maintains its technological leadership position in vision systems, generating innovative new products which exceed our clients’ expectations,” Fergus Moyles, director, Valeo Vision Systems, explained.
Valeo Vision Systems has built up a strong RD&I competency at the plant and has developed close links with NUIG with the establishment of the Connacht Automotive Research (CAR) Group in 2004.
The additional jobs will be recruited across its manufacturing and RD&I operations. The investment will involve expansion of the plant, including the lease of existing units on the Tuam Business park, investment in advanced technology, training and RD&I.
Minister for Enterprise, Trade and Innovation Mary Hanafin paid tribute to the strong performance track record of Valeo’s workforce in Tuam and described the new jobs as a major boost for high-end manufacturing in Ireland.
‘The Government is anxious to support research and development projects that can create high-tech manufacturing jobs,” said Hanafin.
“Firms that invest in innovation to produce new products and services are the same ones that grow market share, generate jobs and pursue sustainable business models. This investment embeds Valeo’s operation in the group’s global business while at the same time creating top-level career opportunities for Galway,” Hanafin said.
Valeo’s decision demonstrates the company’s high regard for its Tuam operation, said IDA Ireland CEO Barry O’Leary. “It is a great success story for high-value manufacturing in Ireland, which is at the centre of innovation and development for such a highly-respected global automotive company.”