Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
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Question 130: To ask the Tánaiste and Minister for Enterprise, Trade and Employment if she has received an update in relation to negotiations between the liquidators and a group (details supplied) in County Westmeath; and if she will make a statement on the matter. [22442/08]

Mary Coughlan (Donegal South West, Fianna Fail)
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On the 12th April, 2008, liquidators were appointed to Iralco Ltd, Collinstown, County Westmeath. I understand that the liquidators are currently working through a list of potential investors and assessing their interest in investing in the plant. This process requires an assessment of the commercial viability of the business, the customer base, the financial investment and the changes required by any potential investor.

The efforts of the State development agencies have, and will continue to be, geared towards saving as many jobs as possible, including any possible assistance in the event of any takeover or management buyout options.

The State development agencies are not party to discussions between the liquidators and the UNITE trade union group. However, IDA Ireland is in regular contact with the liquidators with a view to securing an investor for the plant.

I would like to assure the Deputy that IDA Ireland and the other State development agencies, under the auspices of my Department will continue to work very closely with the liquidators and assist in any way they can during this challenging period.