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Stryker Corporation  (SYK)'s Expands Cork Operation With $30 Million; New Jobs Included


11/30/2012 9:39:34 AM

Twenty new R&D jobs are to be created as part of a massive US$30m investment by medical devices player Stryker Instruments at its facility in Carraigtwohill, Co Cork. The investment by Stryker will see the Cork plant developing the next generation of surgical devices for global markets. The Cork R&D facility will partner with its headquarters in Kalamazoo, Michigan, and several other Stryker businesses to develop technologies that will be used in a range of medical procedures as hospitals globally seek new and innovative solutions to medical care challenges. “Today’s announcement that Stryker is investing an extra $30m in R&D activities with the creation of 20 new high-end jobs is great news and a strong indication of what is possible in this area,” Ireland's Minister for Research and Innovation Sean Sherlock, TD, said. “Through continued implementation of the Action Plan for Jobs, I am determined to ensure that we derive greater benefit from our R&D activities so that we can turn more good ideas into good jobs and support the employment growth we need,” Sherlock said. The investment, supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland, will create 20 additional R&D positions over the next four years. The investment is part of a long-standing commitment to Ireland by Stryker.

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