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Dáil
‹ Ceisteanna—Questions. Oral Answers. - County Galway Factories.

Loughrea factory replacement industry

Summary

The IDA is discussing a possible takeover of the Loughrea company’s assets to resume production and is also seeking new projects; the outcome remains uncertain.

Paul Connaughton Mr. Connaughton Fine Gael

asked the Minister for Industry and Energy if he proposes to instruct the IDA to obtain a replacement industry for a factory (details supplied) at Loughrea, County Galway.

Comment on this

Since December 1981, the Industrial Development Authority, in co-operation with the liquidator, have been investigating the possibility of take-over of the assets of the company in question for the purpose of continuing production. To this end, discussions are continuing with certain parties who have indicated some interest in acquiring the business. At this stage it would be premature to give any indication as to the likely outcome.

In addition to continuing their efforts to have the assets of the company taken over for resumed production, the IDA are actively seeking further new projects that would locate in Loughrea.

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