Medical company lands Mexico deal
A medical diagnostics firm has landed an eight million euro deal with suppliers in Mexico that will see its products used across the country's clinics and hospitals.
Irish President Michael D Higgins, who is on an official visit to central America, is set to join Mexican president Enrique Pena Nieto today to witness the signing of the agreement between Co Donegal based Randox Teoranta and Central de Diagnostica e Industria.
The deal to bring the company's "biochip" lab products to Mexico will create 30 new jobs at its manufacturing facility in Dungloe.
Biochip technology enables numerous tests for diseases, infections or other substances to be carried out on one single blood sample.
Randox Teoranta is part of the Northern Ireland-based Randox Laboratories group, which has been doing business in Mexico for 15 years and already has 100 staff working in the country.
The trade agreement will be signed in front of the two presidents at the Palacio Nacional in Mexico City.
Dr Peter FitzGerald, managing director of Randox Teoranta, said the presence of the heads of state would be a source of pride for the firm.
"We are honoured to have both presidents witness this new trade agreement and of course we are honoured to be working with Mexico," he said.
"It was one of the first countries in the world to identify the benefits of our unique Biochip technology; it is a very progressive nation, we are a very progressive company, we appreciate this cohesion.
"Of course, it is not just about economic growth and job creation, most important to us is the fact that our technology, researched and developed in Ireland, will contribute to earlier diagnosis, more accurate treatment and better outcomes for patients in Mexico, as well as reducing the burden on the country's health service."
Arturo Olvera-Medel, company director of Central de Diagnostica e Industria, described the deal as an outstanding opportunity.
"Randox Teoranta is a prestigious and renowned company," he said.
"We have achieved a successful, cordial and long-lasting relationship, always based on the quality of the products boasted by the brand, on respect and on excelling international quality regulations.
"Our business with Randox, directly sustains 65 jobs and indirectly supports 225. The continued success of this partnership will now generate an additional 20 jobs here in Mexico, with more to come in the future."