French technology company Schlumberger has announced it is to invest US$1.4m in its operations in Cork.
The manufacturing facility at East Gate in Little Island will see its workforce doubled to 150 by the end of this year.
The investment, backed by the IDA, is one of four major investments in Cork, announced by Tánaiste Mary Harney TD today, and is hoped will create more than 300 jobs over the next four years.
Other investments include one by Minelab Electronics – an Australian developer of metal sensing technology products – which is investing more than €1.7m, creating 42 new jobs, and M/A Com Eurotec – a designer and manufacturer of radio frequency and microwave wireless devices in Blackrock – which is also planning to expand.
German pharmaceutical firm Altana was the biggest investor spending €70m to set up a manufacturing operation in Carrigtwohill. Some 150 new jobs will be created there.
By Suzanne Byrne