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Article: Crossing the Irish Sea: Irish companies find a welcome in Wales.(US & International Economic Development)
- Article from:
- World Trade
- Article date:
- October 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ireland, the growth story of the 1990s for international investing, is sending some of its sons and daughters to Wales to find their fortunes. A major U.S. manufacturer has joined the parade by closing a plant that it acquired in 2002, and moving operations across the Irish Sea to northern Wales because it can serve its customers better from the British mainland.
Early this year, Technicolor Home Entertainment Services (THES), the digital cinema technology subsidiary of Thomson Media, closed its plant in Youghal, Co. Cork. It moved equipment and operations to existing facilities in Cwmbran, Wales, and Poland. THES bought the Youghal facility in June 2002 from ...