Up to 20 jobs may be created over the next five years in Dublin following the decision of America Pacific Corporation (AMPAC-ISP Group) to set up its European HQ in the city.
AMPAC-ISP is one of Europe’s leading companies in the design and manufacture of mission-critical structural components for the European space industry.
“It will work with its parent company to expand AMPAC’s business in Europe by expanding AMPAC’s aerospace product offering, providing greater access to the European space market and developing new products to meet customer needs,” said AMPAC managing director David Gibbons.
The company has been awarded a €7.5m five-year production contract with French firm Snecma to provide structural components for the Ariane 5 space launcher.
The contract results from R&D funding provided by the European Space Agency, with the support of Enterprise Ireland.
“The creation of 20 high-value jobs through the expansion by AMPAC of its Dublin facility and the decision to locate the company’s European headquarters in Dublin are positive examples of the smart economy in action," the said Tanaiste and Minister for Enterprise, Trade and Employment Mary Coughlan TD.
Ireland continues to be an attractive destination for foreign direct investment because of the consistent focus on R&D and innovation.
By John Kennedy