Carlow - Economy

Economy

Carlow industry has come a long way since the early 20th century, when the town became the centre of Ireland's slow process of industrialization with the creation of the Irish Sugar Company - then the cutting edge of industry in Ireland, the sugar factory opened in 1926 as a private enterprise and was eventually nationalised before reverting to private ownership. The sugar factory was closed on March 11, 2005 as the management of the parent company Greencore decided that it was no longer economical to run the factory nor was it viable to upgrade the facility. The country's last remaining plant at Mallow, County Cork closed in 2006.

One of the traditional, principal employers in Carlow was OralB Braun, which had a large factory producing mostly hair dryers and electric toothbrushes, however this closed in 2010. Burnside is also a principal employer in the area which produces hydraulic cylinders. The Institute of Technology is also a significant employer in the town. Since opening its doors in October 2003 Fairgreen Shopping Centre has also played a large part in employment in the area, with Tesco, Heatons, Next, New Look and River Island being the main tenants of the shopping centre. Nonetheless, the town shares problems associated with other provincial towns in Ireland - the inability to attract significant new industry. Pharmaceutical giant Merck & Co. intends to build a new vaccine manufacturing plant in Carlow.