Údarás na Gaeltachta welcomes Minister of State, Joe Mc Hugh, T.D.’s announcement today (7 July) that the Government has approved its planned investment of €5m in R&D grant assistance to be paid over a period of 5 years to Randox Teo in An Clochán Liath, Co Donegal.
The investment will enable Randox Teo to develop its facility at An Clochán Liath as a world class R&D centre of excellence for biochip technology and diagnostic equipment as envisaged under the company’s Dungloe 2020 strategy.
Steve Ó Cúláin, Chief Executive of Údarás na Gaeltachta, welcomed the positive decision taken by Government today. “This decision gives the region an opportunity for redevelopment. Credit is due to a number of people for their work on this project, but especially Dr Peter Fitzgerald and his staff in Randox Teo, who have brought investment and skilled employment to the Na Rosa region.”
Randox Teo was established in 2008 in An Clochán Liath. The company currently employs 85 people in An Clochán Liath. Randox Teo is part of the global group Randox Holdings Ltd. which is among the top 20 biochemical diagnostic companies in the world and is a global brand with its products being sold in over 145 countries.