Element Six announces €25m expansion and 40 new jobs

By Business & Finance
03 December 2014
Element Six

Walter Huehn, CEO of Element Six Ltd, a world leader in synthetic diamond supermaterials and member of the De Beers Group of Companies, today announced a significant expansion of the Element Six Shannon site.

The investment, which will initially create 40 new jobs at the plant, is part of a wider program to enhance the Element Six production footprint globally to better serve customers and maintain Element Six’s market leadership position.

It will involve a €25m capital investment and a relocation of an additional €20m of assets over two years at the Shannon site.

Once completed in 2015 the upgraded facility will offer an enhanced production capability, supplying a wide range of advanced industrial synthetic diamond abrasive materials for customers across the globe.

Over the next six months high pressure high temperature presses in conjunction with associated processing facilities will be installed in a new Advanced Materials Synthesis facility on the Shannon site. There will also be other incremental site upgrades made to further enhance the site’s production capacity and capabilities.