ALTHOUGH some of Limerick’s tradition food processing industries have been enduring a sour taste of recession, a new enterprise will cash in on the distinctive tastes of Contintental palates, it was revealed this Friday by the Minister for Industry and Commerce, Mr Michael Noonan TD.
The company Valcoast Enterprises is to set up at the Limerick Food Centre, in Raheen Industrial Estate, where it will process high added value fish products, particularly smoked eel for German, Dutch and other markets.
It will employ 18 at full production.
And Mr Noonan, who was paying his first official visit as Minister to the Innovation Centre at Plassey Technological Park, also announced that a company in the Technological Park, Industrial and Scientific Imaging Ltd, has signed a unique commercial agreement with a New Jersey firm, Fideo Tek Inc., which combones a joint technology transfer agreement and substantial venture capital funding for the Limerick firm.
And employment at ISI in Limerick which currently stands at 10 is expected to increase to 35 after three years.
The Innovation Centre is a division of Shannon Development.