AT LEAST 142 new jobs are to be created by Irish seafood processing companies around the country.

Minister for Agriculture Simon Coveney today announced over €15 million of new investment in the industry, supported by grants from the EU.

The investments by 21 companies will generate the new jobs and increase sales of seafood products by at least €40 million over the next three years The companies are located in Wexford, Dublin, Cork, Donegal, Galway, Louth and Kerry.

Minister Coveney said the sizeable investment demonstrates confidence in the seafood sector as a high growth area of the Irish economy.

“The SMEs undertaking this very welcome new investment represent the future of the seafood industry,” he said this morning.

“The new investment involves companies significantly growing their businesses and also diversifying, which will lead to increased profitability and increased employment”.

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The Minister said that the investment builds on positive announcements earlier this week about growth in the beef sector and further development of Ireland’s trade links with China.

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