Calor set to invest €10 million in All-Island growth
Calor, Ireland’s leading supplier of LPG has announced the securing of parent company funding of €10 million for a growth investment programme for the company’s all-island operations.
The strategic investment programme will be provided by parent company, SHV Energy over a three year timeframe with the creation of 13 direct jobs.
The targeted growth programme will see investment across its all island operations, specifically targeting an enhanced offering through investment in Sales, Customer Support, Engineering IT and Marketing.
Welcoming the announcement, Minister for Jobs, Enterprise and Innovation Richard Bruton TD said: “Today’s announcement by Calor that it will invest €10million in its operations across the island of Ireland is a very welcome boost. This investment represents a vote of confidence in the domestic economy and will result in the creation of 13 jobs. I wish Calor every success with this project”.
Commenting on the investment programme, Tom O’Carroll, CEO, Calor said: “This significant growth programme funding of €10 million by SHV Energy for Calor strongly highlights the confidence SHV Energy, one of the world’s leading distributors of LPG has in Ireland and the standard of our operations. Securing of this investment is an important strategic win for Calor and Ireland, seeing the creation of 13 jobs across our all-island operations”.
Calor employs over 250 staff in 6 sites located across its all island operations, and a further 200 indirectly. Parent company, SHV Energy operates in 27 countries and supplies LPG to tens of millions of customers worldwide.