ABP to invest €50m at Cahir Plant
ABP Food Group is to invest EUR50m in the redevelopment of its facilities at Cahir in Co Tipperary.ABP Food Group is to invest EUR50m in redevelopment of its site in Cahir, Co Tipperary. The redevelopment includes an extension and upgrade of the company's current food processing facilities. It also includes the introduction of a new production plant at its neighbouring by-products site. It is thought the Larry Goodman-owned beef processor's redevelopment will be worth over EUR1bn to the economy over the next five years. Beef processed in Cahir is exported all over Europe. The products from the new gel bone production plant - the first of its kind in Ireland - will be used in the pharmaceutical and beauty industries. The Cahir facility is one of the biggest employers in the region. It supports over 1,000 jobs and employs over 600 directly. The project, supported by the Department of Jobs through Enterprise Ireland, has created 152 new jobs to date with more expected in the future. Taoiseach Enda Kenny and Minister for Jobs Richard Bruton are to launch the redevelopment plan.