Shannon Group – through its subsidiary Shannon Commercial Properties – has acknowledged the remarkable contribution to the Mid-West economy of Shannon Free Zone’s largest employer, Ei Electronics with a presentation to mark two special anniversaries.
Employing over 700 people today at Shannon Free Zone, the company over recent months has celebrated not alone 55 years of operations here but 30 years since it became a fully-fledged Irish company after a management buy-out under the direction of CEO Mick Guinee.
Shannon Commercial Properties Managing Director Ray O’Driscoll has hailed the company’s success and impact, stating that the global leader in the design and manufacturing of Fire and Carbon Monoxide detection products for the residential market is one of the region’s great success stories.
“While Ei Electronics started out life under GE, we see this as a fantastic home-grown success. 30 years-ago, its CEO Mick Guinee recognised an opportunity to lead a management buyout of the business from GE and it has become one of the most important employers in Shannon and the wider region since.”
“Mick and his team initially set a goal of maintaining manufacturing jobs in Shannon and thirty years later it is clear that this goal has, through the hard work and commitment of everyone at Ei Electronics, been achieved. They are celebrating an anniversary on the double and I have no doubt but we will see the growth trajectory of this company continue into the future.”
Presenting Ei Electronics CEO Mick Guinee with a commemorative sculpture by Irish artist Liam Butler, Shannon Group Chairman, Rose Hynes, applauded the company’s commitment to the region. “Ei Electronics is an integral part of the manufacturing industry here in Shannon. Under the vision and stewardship of Mick and its management team, it has become a key global player in this market. I wish Mick and everyone here the very best and I want to thank them for their contribution to Shannon and this region.
Mick Guinee commented; “I am delighted to receive this acknowledgement from Shannon Group at our recently opened Centre of Excellence today, here in Shannon. The Ei success story has been a wonderful journey over many decades. Our aim at the outset was to maintain valuable manufacturing jobs in Shannon, and build a successful and sustainable international business. Today, after 55 years, we are the largest employer in Shannon. Our recent anniversary celebrations were a great opportunity to celebrate these achievements with our local community, and pay tribute to employees, past and present.”
“Our success is a tribute to the dedication of very many people over several decades. We are particularly proud of the fact that over the years we have made a valuable contribution to our local community and this region, making it a better place to live and work for the current and future generations.”
Commenting further, Rose Hynes said; “EI Electronics is an acknowledged market leader and is one of Ireland’s largest indigenous electronic companies. The Company has achieved continuous growth through the development of a stream of innovative new products manufactured in a state of the art, vertically integrated facility, and delivered to the highest customer service standards. This is very impressive by any standard. We in Shannon are all very proud of their achievements.”