VistaMed announce €7m investment and 125 new jobs

Minister Richard Bruton getting a run down of operations at VistaMed in Carrick-on-Shannon.
The Minister for Jobs, Enterprise and Innovation Richard Bruton was at VistaMed in Carrick-on-Shannon last Friday to announce the creation of 125 new jobs at the company.

The Minister for Jobs, Enterprise and Innovation Richard Bruton was at VistaMed in Carrick-on-Shannon last Friday to announce the creation of 125 new jobs at the company.

The announcement was made at the official opening of VistaMed’s new state-of-the-art extension to its Carrick-on-Shannon manufacturing facility. VistaMed is the leading Irish catheter and extrusion provider to the global medical device industry and a Helix Medical joint venture partner.

Jonny Goodwin, Business Development Manager at VistaMed said there are a range of jobs available, 75 out of the 125 new jobs have already been filled. This new investment is in response to increased demand in the global medical device market for sophisticated and innovative catheter and stent delivery systems.

Minister Bruton said, “Medical technologies is a key sector which we have targeted as part of our Action Plan for Jobs, and in particular we have sought to support the growth of a strong cluster of Irish companies in this area. In recent years despite difficulties we have seen an overall strong performance in this sector. VistaMed is a great example of an Irish company, with world-class product offering, performing strongly in highly competitive global markets and employing large numbers of people in Co. Leitrim.

“VistaMed’s announcement today is a compelling example of what is possible for companies in every region of the country and I commend them on their achievement”. He pledged the Government will help Vistamed in their development. Noting the job losses in Waterford, Minister Bruton said “yesterday was a bad day, but today is good and we are having more good than bad days.”

Speaking to the Leitrim Observer, Minister Bruton said he was “getting used to opening things in Leitrim” referring to his visit two weeks ago to launch the LEO and to open The Hive in Carrick. He said Vistamed has proved a company can develop and make a mark globally based in Leitrim. He also noted that part of the jobs will go to Rooskey, an area which was particularly hit by the recession.

Managing Director of VistaMed Patrick Mulholland said, “VistaMed was founded on being a solution provider for technically challenging Catheter and Extrusion products for a worldwide market. This new extension will allow us to offer an even more comprehensive design and development service that combined with the addition of sophisticated equipment will enable us to continue to offer a world class service to the global medical device industry”. Mr Mulholland asked the Minister to look at the current tax structure for employees as it is difficult on lower and middle income families. He paid tribute to their customers, some who had travelled long distances to be there on Friday morning.

The 35,000 sq.ft. expansion of the Carrick facility includes a cleanroom which is required to meet the growing need for diverse braided catheter assemblies, as well as a new area dedicated to thermoplastic extrusion which is recognised as best-in-class for the stringent catheter tubing requirements. VistaMed has also developed a dedicated R&D Engineering Laboratory which reinforces VistaMed’s continuing support for innovative design and development projects and further enhances the rapid project “turnaround” times currently experienced by VistaMed’s global customer base.