{"id":340544,"date":"2026-03-11T12:59:08","date_gmt":"2026-03-11T12:59:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/340544\/"},"modified":"2026-03-11T12:59:08","modified_gmt":"2026-03-11T12:59:08","slug":"ireland-now-fifth-largest-investor-in-us-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/340544\/","title":{"rendered":"Ireland now fifth largest investor in US \u2013 The Irish Times"},"content":{"rendered":"

Ireland is now the fifth largest source of foreign direct investment in the US with investment by Irish companies totalling $389 billion (\u20ac335 billion), according to Enterprise Ireland<\/a>.<\/p>\n

To mark the launch of its annual St Patrick\u2019s Day business programme, the agency published new figures highlighting what it described as Ireland\u2019s \u201cresilient two-way economic partnership\u201d with the US.<\/p>\n

They indicated that Ireland was the single largest source of \u201cnew investment expenditures\u201d in the US in 2024 accounting for $30.1 billion (\u20ac25.9 billion) while the top 10 Irish investors now employ over 125,000 people in the US.<\/p>\n

Taoiseach Miche\u00e1l Martin is expected to highlight the two-way nature of transatlantic investment and an expected \u20ac6.1 billion in planned investment in the US by Irish firms this year as part of his upcoming St Patrick\u2019s Day visit to the White House.<\/p>\n

The meeting comes amid heightened concern over Washington\u2019s protectionist approach to tariffs and tax and the threat it poses to long-standing investment in Ireland by US multinationals.<\/p>\n

\u201cIrish investment in the United States has reached historic levels, reflecting a partnership that is more than just a series of trade figures \u2013 it is a deeply embedded, two-way relationship that provides immense benefit to both the Irish and American economies,\u201d Martin said.<\/p>\n

\u201cIrish companies are not mere exporters; they are resilient partners, revitalising regional heartlands of America and a driver of the next wave of industrial and technology innovation,\u201d he said.<\/p>\n

Irish firms, including Smurfit Westrock, Kingspan, Glanbia, Kerry Group, Applegreen and CRH, view the US market as \u201ctheir primary engine for global growth\u201d, Enterprise Ireland said.<\/p>\n

Smurfit Westrock, the world\u2019s largest listed packaging company which employs 32,000 staff in the US, has committed to investing $1 billion per annum in US over the next five years.<\/p>\n

Separatelt insulation specialist Kingspan plans to spend $1 billion over five years \u201con rural manufacturing and brownfield site renovation\u201d in the US.<\/p>\n

Nutrition group Glanbia is also spending approximately $100 million to expand its US capacity mainly in New Mexico and Ohio. <\/p>\n

\u201cToday\u2019s milestones are a powerful illustration of that ambition,\u201d Enterprise Ireland chief Jenny Melia said.<\/p>\n

\u201cApplegreen is building on more than \u20ac1 billion invested in the US since 2014 with a further $70 million investment and 400 new jobs in Colorado,\u201d she said.<\/p>\n

\u201cTines [Dublin and Boston-headquartered workflow automation platform] is creating 100 new high-value jobs in Boston as it scales its enterprise automation platform,\u201d she said.<\/p>\n

\u201cAnd [payments groups] Fexco is making a multi-million-euro investment in payUnite, its next-generation payments orchestration platform, with an expanded US roll-out,\u201d she said.<\/p>\n

\u201cThese announcements represent a new generation of Irish enterprise: agile, innovative, and deeply committed to delivering a competitive edge for their US partners,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"Ireland is now the fifth largest source of foreign direct investment in the US with investment by Irish…\n","protected":false},"author":2,"featured_media":161982,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,32210,47079,61,60,1843,144640,63762],"class_list":["post-340544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-enterprise-ireland","tag-glanbia","tag-ie","tag-ireland","tag-micheal-martin","tag-smurfit-westrock","tag-st-patricks-day"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/340544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=340544"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/340544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/161982"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=340544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=340544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=340544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}