Advant Medical expands operations with €2.4m investment programme with
support from Government
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today (Friday) announced that Advant Medical, a leading provider of contract manufacturing and packaging solutions for the Minimal Invasive Vascular Market and class III implantable products and related medical device market, is to invest €2.4m in a major development programme and create 34 new jobs at its Galway plant over the next three years. This strategic investment is supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland. It will see the company expand its production capabilities and move to higher value products and services to meet increasing demand for its products, allowing it expand its existing international markets and enter new markets. The expansion will bring total employment in Advant Medical to over 130.
Advant Medical, based in Parkmore Industrial Estate, Galway, is a leading producer of a variety of medical device products for the minimum Invasive Vascular, Class III implantable devices, and other medical markets. Their customers include some of the world’s largest OEMs and their products are established across 25 international markets including the USA, Mexico, Italy, Germany, France and India. Their product range includes Vascular Stent/ Balloon/Guidewire Packaging, Contract Manufacturing, packaging of Class III devices, and Vascular Access Devices. Advant Medical provides customers with a variety of services including complete supply chain solutions, assembly, manufacturing, and final packaging in preparation for sterilisation.
Making the announcement Minister Bruton said: “A key part of the Government’s plans for jobs and growth is supporting Irish companies in gaining a greater share of the €80billion spent by multinationals here on goods and services every year. In 2013 we have targeted an additional €500million in contracts for Irish companies out of that.
“Today’s announcement that Advant Medical, a supplier to a range of leading companies, is expanding and creating 34 jobs is a sign of what is possible for Irish companies in this area. I commend Advant on their success, and I am determined to ensure that more companies can take advantage of this opportunity to create the jobs and growth we need”.
Bob DiPetrillo, CEO of Advant Medical, commented: 'Advant Medical is committed in continuing to grow the business and this strategic and focussed investment will position us to increase our international market share through device assembly and manufacturing capabilities. On our 20 year anniversary, we are delighted to have an opportunity to create more employment in the West. We operate in an exciting and growing market. This expansion plan, and the continued support from Enterprise Ireland, gives us a platform to build the business and exploit new and exciting opportunities’.
Welcoming the announcement Colm MacFhionnlaoich, Manager Life Sciences at Enterprise Ireland, said: ‘Enterprise Ireland has worked closely with Advant Medical in supporting its strategic investment and development to drive continued international growth. This is a highly ambitious and innovative company and we look forward to continuing to work with and support Advant Medical’.