Irish building materials group Kilsaran will today open a €30 million plant in Dunboyne, Co Meath, creating more than 100 jobs. The facility, which occupies a 14-acre site, will make paving stones and related concrete materials. Local TD and Minister for Transport Noel Dempsey will do the honours today for the media-shy company, which was founded in 1964 by Patrick McKeown.
- Irish internet entrepreneur Colm Grealy is back in business, having worked in recent times as a consultant with O2 Telefonica in Europe.
Grealy has just launched DRG.ie (DRG – digital reach group), a mobile internet company employing 20 staff.
He has secured a “significant investment” from Mobile Interactive Group (MIG), a technology company in the UK.
The Irishman would not say how much MIG has invested.
“An investment of €1 million would take us to break even and the initial investment [by MIG] takes us most of the way there,” he added cryptically.
Grealy joined Ireland On-Line (IOL) in 1994 and was managing director until it was acquired by An Post three years later, earning a few bob from the deal.
He subsequently co-founded online.ie and the Dublin Daily newspaper, somewhat less successful ventures.
- Aer Lingus has been upgraded to a “buy” by analysts at both Goldman Sachs and Collins Stewart.
Goldman Sachs has set a six-month price target of €1, while Collins Stewart has set it at €1.16. Aer Lingus shares are currently trading at 80 cent.
