A leading provider of oil and gas pressure control equipment and services to the global oil and gas exploration industry is to significantly develop and expand its existing manufacturing and R&D facility in Longford Town, the Minister for Enterprise, Trade and Employment Micheál Martin has announced today.

With the support of IDA Ireland, Cameron Corporation will create 140 high quality jobs over the next five years in engineering and support activities.

In addition, €15 million will be invested in new buildings and equipment. Phase 1, costing €5 million, is due for completion by July this year, with a further €10 million planned for investment over a five year period.

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Minister Martin said: "This expansion represents a very significant investment in the engineering sector in the Midlands and will benefit the entire region by providing high quality positions and strengthen the local industry base.

"We are delighted to join Cameron in celebrating 30 years in operation in Ireland this year. Today's news is excellent for Longford and the region and will also considerably enhance the company’s already important economic contribution throughout the area."

Cameron Ireland Ltd was established in Longford in 1978. The facility has a highly successful track record in the R&D and manufacture of critical components, which have contributed to the success of Cameron's global business. Its products, sub-sea chokes and actuators, designed, developed and manufactured at Longford have to withstand massive temperature and pressure variations, with a zero fault tolerance for 20 years, as they will 'live' on the ocean floor as part of a highly sophisticated valve and metering arrangement to control the flow of oil and gas at the wellhead.

(VB/JM)