BUSINESS ABROAD: New Industry for Ireland

In Dublin last week the Borden Co. announced that it has chosen a site in County Cork in the heart of Ireland's dairy country to build the biggest dry-milk plant it has ever constructed outside the U.S. The new plant, scheduled for completion next May, will cost $2,240,000, employ 50, and produce about 9,000,000 lbs. of dry whole-milk powder a year, chiefly for export to South America.

The plant is the newest example of the Irish government's successful campaign to lure in foreign industries to bolster the island's faltering economy. Principally agricultural, Ireland has provided so few jobs that each...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!