Written answers
Wednesday, 2 April 2008
Department of Enterprise, Trade and Employment
Industrial Development
9:00 pm
Seán Sherlock (Cork East, Labour)
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Question 518: To ask the Minister for Enterprise, Trade and Employment the plans a company (details supplied) have to either use or sell their site at Carrigtwohill; if he plans to enter talks with the company with a view to securing the future development of the site; and if he will make a statement on the matter. [12257/08]
Micheál Martin (Cork South Central, Fianna Fail)
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The situation with this company has not changed since the announcement, on 3 October last, of an indefinite postponement of its proposed Irish projects. IDA officials maintain regular contact with the company executives. The company has made no announcement regarding plans for the utilization or disposal of its site at Carrigtwohill, Co. Cork. It is only six months since the company announced the postponement of the project and, given that the investment cycle of such projects is of the order of four years, it is too early to speculate what may happen on the site.
There are several sites in the Cork area which are suitable for capital and utility intensive projects, and IDA Ireland is actively promoting the greater east Cork region to prospective investors across the full range of IDA targeted sectors, such as Pharmaceuticals, Medical Technologies, Information and Communications Technologies and Internationally Traded Services via its network of overseas offices and project divisions.
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