| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 European
 International
 Asia-Pacific Business Week
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Last Updated: Apr 24, 2009 - 5:31:05 PM


Martin opens new Cork facility for US firm Cognex Corporation where 39 people are employed
By Finfacts Team
Apr 14, 2008 - 10:52:42 AM

Email this article
 Printer friendly page

Minister for Enterprise, Trade and Employment Micheál Martin TD today announced that US firm Cognex Corporation, which llisted on the Nasdaq exchange and termed by the minister as "the world’s leader in the machine vision industry," has expanded its international manufacturing and distribution centre in Cork and has moved into a new facility at the Gateway Business Park in the City.

Cognex Corporation of Massachusetts, US, is a supplier of machine vision sensors which gauge, guide, inspect, count and identify products on fast moving production lines. The Cork operation employs 39 people, with responsibility for quality control, supply chain management, and the final configuration, kitting, and distribution of Cognex vision systems, sensors, software and ID readers.  These are devices that help automate the manufacture of a broad range of products by inspecting, identifying and tracking items during the production process.  The new 20,000 square-foot facility will be the base for shipping Cognex products to customers in Europe, Asia and Japan.  It provides a 53% increase in space on the former premises and is needed to meet growing demand for Cognex products in regions outside of the US. 

Martin, performing the official opening of the new facility, said “Cognex Ireland has been very successful to date. This expansion and relocation is excellent news for the company and its workforce in Cork, as it will play an even more strategic role in the company’s international business. The success of this facility in meeting the growing demands for its products and providing a more responsive service to international customers were major influences on the decision to undertake this strategic development here.” 

Dr. Robert J. Shillman, Cognex Chairman and CEO, said “Cognex first opened a manufacturing operation in Cork several years ago in order to provide more responsive service to our international customers. As our international business has expanded, so has the need for increased manufacturing and distribution capacity. This new facility provides Cognex with the capacity to support that growth, and it will help us be even more responsive to our international customers, distributors and partners.” 

Martin continued “IDA Ireland encourages overseas companies to continuously evolve and grow by taking on additional value added activities such as R&D so that companies can keep pace with new technological developments and thereby introduce product and process development improvements.

Ireland provides considerable opportunities and support for companies on the scale of Cognex’s Irish operation to grow and develop into the future”

Cognex designs, develops, manufactures, and markets machine vision sensors and systems, or devices that can “see”.  Its vision sensors are used in factories around the world to automate the manufacture of a wide range of items and to assure their quality.

Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

Irish
Latest Headlines
Employment in Irish industry fell 21,300 in 12 months to Q2 2009 despite rise in pharmaceutical production; Private sector unit labor costs also dipped
Overseas visits to Ireland for September 2009 return to September 2004 levels
Irish Income/Living Conditions 2008: State benefits accounted for more than 22% of household income; More than 20% of households were in arrears on payments
Statistical Yearbook of Ireland 2009: Population, labour force, education, crime, the economy, agriculture, industry, services and much more
Irish new private cars licensed fell 40.9% in month of October 2009
Kerry reports fall in revenues in 2009
FBD Holdings to post operating profits in both underwriting and non-underwriting businesses in 2009
AIB raises 2009 bad debt charges to €5.3bn
Asian business wakes up to "Desperate in Dublin" and sabotage in Mayo
Markets News Afternoon: Irish Government debt raising of €33.8bn in 2009 viewed as "success"; Shares down in Europe and US
Irish national average residential rent now stands at €771 - - the lowest in almost 10 years
Irish Life & Permanent says new lending down 80%; Dependence on ECB borrowings falls to €7bn
Kingspan says third quarter revenues are down 28%
Irish retail sales volume rose 2.1% in month of September; Down 10% in 12-month period
Two-thirds of Irish women were active in workforce in 2007 - - one of the most gender-segregated workplaces in EU
Irish Budget 2010: Pre-Budget Outlook says "worst of...decline may have passed"; Taxes back to 2003 levels - - current spending up 70%+
Irish consumer prices fell 6.6% in the year to October; Deflation deepened to steepest level since 1922
Irish consumers will spend on average 22% less this Christmas but double level in countries such as UK, Germany and France
Paddy Power reports turnover has grown strongly; Planned entry to French market
New Irish mortgages issued down 56.4% in Q3 2009;  AIB says it financed 40% of all residential property transactions in quarter