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Industrial Info Resources Expands in Galway printable version

28 Jul 2015: posted by the editor - Business, Ireland

Industrial Info Europe, a Market Intelligence company, has opened a new 16,500 sq ft office in Ballybrit, Galway and aims to double its workforce over the next five years by creating 50 new jobs.

Industrial Info Resources (IIR) was founded in 1983 and is headquartered in Sugar Land, Texas. IIR performs fact based market research on the industrial processing, heavy manufacturing and energy related industries worldwide and offers Knowledge Management Solutions to companies that sell products and services to these industries.

The Galway operation has been designated as the company's international hub, with responsibility for all markets outside the Americas. A number of new initiatives that include expanding our market coverage for offshore oil & gas, pharmaceutical & biotech, and industrial manufacturing industries, as well as market analytics, financial shared services, international marketing and customer support has resulted in the company's decision to add 50 new jobs over a five year period effectively doubling its workforce from when it was first established in Galway in 2010.

The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

IIR provides value for our customers by gathering, confirming, disseminating and updating information about industrial plants and their spending activities around the world so that they can make timely and intelligent business decisions. The firm’s researchers contact plant owners, engineering and construction firms and equipment vendors to identify and confirm information on industrial assets and spending opportunities that is then disseminated in a powerful web-based solution. Since IIR has been in Ireland, the company has increased its global coverage by 489% representing over 92,000 current active projects with a total project value of over 13 trillion USD.

Speaking at the company’s offices in Galway, Business & Employment Minister Ged Nash said: “The announcement by Industrial Info Resources that they are to double their workforce, creating 50 new jobs, is fantastic news for Galway and a real vote of confidence from the company in the county. As the Government strives to ensure that the jobs recovery is felt in every region of the country, IIR is a concrete example of how a talented workforce, business friendly policies and good working environment can entice and retain leading companies. I wish Ed and his team here in Galway every success as they expand.”

Commenting on the announcement Ed Lewis, CEO of IIR said: “For the past six years that we've been in Ireland, our company has expanded rapidly across the world and our Galway operation has been instrumental to our fast growth. I'm very excited about our future in Galway and look forward to long-term success as we move forward from here.”

Welcoming the announcement Martin Shanahan, CEO IDA Ireland said: “It is always very gratifying to hear of a company that has set up in Ireland having been successful enough to develop and grow its operations and workforce as IIR is doing at its international hub in Galway, significantly expanding its office space and doubling its workforce. It's a great endorsement of Galway and the West as an excellent location for global business services companies to locate in. In our new strategy Winning—Foreign Direct Investment 2015-2019 we set out to achieve a greater regional spread of foreign direct investment and this announcement adds to the uplift in investment we've seen already this year.”

IIR, a privately owned company, operates across key heavy industrial processing, manufacturing and energy-related sectors including onshore and offshore oil & gas, electric power generation and transmission, chemical processing, pulp & paper, metals & minerals, pharmaceutical & biotech and industrial manufacturing industries.

IIR's clients include industrial asset owners, equipment manufacturers, engineering and construction companies, servicing companies, distributors, energy trading and financial service companies, and other companies that sell products and services into the industrial market.

The suite of products and services that IIR offers their clients include:

Databases
IIR's database products include event tracking for major capital and maintenance projects, also known as PEC (Planning, Engineering and Construction), planned and unplanned unit maintenance outages, shutdowns and turnarounds, plus details on plant locations that include key decision makers, unit details, and equipment profiles for turbines, boilers, compressors and pollution control equipment.

Forecasting
IIR provides market forecasting services that include global capital and maintenance spending projections for twelve industrial markets segments. IIR also provides specialised forecasts for equipment, materials and labour that help their clients determine market size and future demand.

Daily News
IIR's research experts generate daily news on the main industrial markets to keep clients up to date with the latest developments. This original content is collated from the extensive interviews conducted by IIR's teams worldwide.

Tags: Industrial Info Resources, Galway

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