TAOISEACH Micheál Martin praised the contribution that Ei Electronics has made to Clare, when he officially opened its new Group Headquarters in Shannon on Friday.
The company has announced that it plans to hire another 200 people in the coming year and its new 10,000 square metre facility includes significant additional manufacturing capacity, Research and Development, and office space. The expansion underpins a strategy of maintaining 100% of manufacturing in Shannon, in addition to the co-location of other key functions on a single site.
The Taoiseach said: “I’m pleased to be here to witness first-hand the continued expansion of Ei Electronics, one of Ireland’s largest and most successful manufacturing and electronic companies.
“For over five decades the company has been a remarkable contribution to Shannon and the Midwest region and its ambitious plans for future growth and job creation are very welcome.
“Ei Electronics is an outstanding Irish-owned company creating solutions with a global reach and I commend Michael and his team on today’s milestone announcement.”
Ei CEO Michael Guinee added, “We are delighted to welcome An Taoiseach for what is another milestone in Ei’s long history. Today we embark on our next phase of growth, on the site in Shannon we have occupied for over 55 years.
“This building is a testament to the dedication of very many people over several decades, built on a strong culture of loyalty, respect, commitment and long service.”
With a turnover in 2021 of circa €320m, and 1,100 employees worldwide, Ei Electronics is one of the world’s top manufacturers of residential fire and gas detection products.
The company has been in existence for over 55 years. Since 1988 it has been a fully Irish owned company after a management buy-out from General Electric under the direction of CEO Mick Guinee.
He still retains the role of CEO and Chairman of the Group and now Ei Electronics is one of the most significant employers in the Midwest.
Owen Ryan has been a journalist with the Clare Champion since 2007, having previously worked with a number of other publications in Limerick, Cork and Galway. His first book will be published in December 2024.