A €5m investment in new trucks by Shannon Transport Limited is part of Limerick’s growing economic recovery, the company’s chief executive, Mike O’Riordan has said.
His comments came as he announced expansion plans for the STL Group which currently employs 240 people in Limerick alone and 800 people nationally. The group, which is based in Limerick, is to invest almost €5m in acquiring 43 high-efficiency Scania trucks. And the move is likely to lead to further jobs within the company.
“Looking at the bigger picture, our investment in new vehicles is part of Ireland’s and in particular Limerick’s wider economic recovery and in that context we are extremely happy to be in strong growth mode,” Mr O’Riordan said.
“Business has been good this year and we are confident that the upturn will continue into next year and beyond. This is a significant investment for us and one that underscores our commitment to continuous improvement at every level of the business,” Mr O’ Riordan added.
“We are always looking for ways, big and small, in which we can deliver even better services and solutions for our clients, and the new Scania fleet will certainly enhance our supply chain logistics capabilities. It’s a great deal, not only for ourselves but for our clients too, who will be able to avail of the proven reliability and outstanding performance of these vehicles to meet their various logistics needs,” he continued.
STL Logistics, which is part of the STL Group, and provides specialist supply chain solutions, already has more than 100 vehicles providing services to more than 200 companies.