Over 140 new jobs to be created as Coveney announces €15.5 million in new investment in seafood processing industry

Simon Coveney, T.D. Minister for Agriculture, Food and the Marine today announced €15.5 million of new investment by the Irish seafood processing companies, supported by grants of €3.2 million under the EU co-funded Seafood Processing Business Investment Scheme. These investments by 21 companies are projected to generate over 142 additional jobs and increased sales of value added seafood products of nearly €44 million by 2015. The companies are based in Wexford, Dublin, Cork, Donegal, Galway, Louth and Kerry.

25 May 2012

Simon Coveney, T.D. Minister for Agriculture, Food and the Marine today announced €15.5 million of new investment by the Irish seafood processing companies, supported by grants of €3.2 million under the EU co-funded Seafood Processing Capital Investment Scheme. These investments by 21 companies are projected to generate over 142 additional jobs and increased sales of value added seafood products of nearly €44 million by 2015. The companies are based in Wexford, Dublin, Cork, Donegal, Galway, Louth and Kerry.

Minister Coveney stressed the positive effect this investment will have on the sector: "This is a very sizeable investment by any standards and particularly so when combined with investment under this Scheme over the past two years.  It demonstrates the confidence in the seafood sector as a high growth area of our economy and of our food industry.

The SMEs undertaking this very welcome new investment represent the future of the seafood industry. The new investment involves companies significantly growing their businesses and also diversifying, which will lead to increased profitability and increased employment.  The investment also builds on the very positive announcements made earlier this week in the beef sector and the further development of trade links with China. The number of companies participating in the Scheme demonstrates the willingness of the sector to invest to meet the strong global demand for our seafood".

2012 Grants Approved under the Seafood Processing Business Investment Scheme

Beneficiary

Project Spend

Maximum Grant Approved
Sofrimar Ltd , Kilmore Quay Co. Wexford € 1,430,009 € 357,502.25
Kilmore Fish Co. Ltd Kilmore Quay Co. Wexford € 273,965 € 63,408.25
Dunns Seafare Ltd Jamestown Business Pk., Finglas Dublin 11 € 585,000 € 146,250.00
Atlantis Seafoods Wexford Ltd. Kerlogue Ind. Estate, Rosslare Rd. Wexford € 49,400 € 12,350.00
Shellfish De La Mer, Dinish Island, Castletownbere, Co. Cork € 488,980

€ 122,245.00

Rockabill Shellfish Ltd,  Stephenstown Ind. Estate, Balbriggan, Co. Dublin € 437,239 € 109,309.73
Sean Ward Fish Exports Ltd. Killybegs Co. Donegal  € 755,140  € 188,785.00
Iasc Mara Teo. ,Rossaveal, Co. Galway € 310,612 € 77,653.00
Earagail Eisc Teo  Meenaneary Carrick Co. Donegal € 895,000 € 223,750.00
Charlie Vial (Fish Merchant) Ltd, Dunkineely Co. Donegal € 303,256 € 75,814.00
Premier Fish Ltd. Kinncaslagh Co. Donegal € 6,134,884

€ 887,193.90

Atlanfish Ltd  Malin Rd. Donegal € 148,000 € 37,000.00
Proseail An Clochan Liath Teo. Meenmor Dunglow, Co. Donegal € 591,950 € 147,987.50
Breizon Ltd, Rossaveal Co. Galway € 12,500 € 3,125.00
Keohane Seafood Ltd Unit 28, Kinsale Road, Ind. Estate, Kinsale Rd. Co. Cork € 255,000 € 63,750.00
Kish Fish Ltd. Malahide Road Industrial Park Coolock, Dublin 17 € 80,625 € 20,156.25
Seafood Processors Ltd. T/A Morgans Fine Fish, Omeath, Co. Louth € 235,963 € 58,990.75
Good Fish Processing (Carrigaline) Ltd. Carrigaline Industrial Estate, Crosshaven Rd. Carrigaline Co. Cork € 222,000 € 55,500.00
Castletown Bere Fishermens Co-op Ltd Castletownbere Co. Cork € 1,400,000 € 350,000.00
O Cathain Iasc Teo An Dangain, (Dingle) Co. Kerry € 715,000 € 178,750.00
Ballycotton Seafoods Garryvoe, Co. Cork € 219,563 € 54,890.75
  € 15,544,085 € 3,234,411.38