Thursday, 12 February 2004

Questions (115)

Fergus O'Dowd

Question:

111 Mr. O'Dowd asked the Tánaiste and Minister for Enterprise, Trade and Employment the steps she can take to assist a company (details supplied) in County Louth; and if she will make a statement on the matter. [4494/04]

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Written answers (Question to Minister for Enterprise)

In recent years, Enterprise Ireland has invested in both the expansion of facilities and new product development in this company in an effort to maintain its competitiveness. The agency has also worked closely with the company to develop new export opportunities.

However, it is understood that increasing costs have adversely affected the competitiveness of the company's products in its main market, Europe, where demand is also affected by seasonal factors. As a result, the company has decided to close for six weeks commencing on 20 February, 2004. Enterprise Ireland will be meeting the company to review the situation.