By Business & Finance 
The Reagecon facility in Shannon
Producer of physical and chemical standards Reagecon has targeted annual export revenues of €50m by 2020 and the creation of 40 new jobs over the next 24 months.
Founded in Shannon in 1990, the Irish-owned company develops, manufactures and exports physical and chemical standards and reagents for laboratories worldwide.
The products are developed and manufactured in Shannon and sold through distributors in 150 countries and directly to end users in Ireland and China through Reagecon’s sales offices in Shannon, Co Clare and Shanghai, China.
John Barron, managing director and chairman, Reagecon said: “Since the beginning of 2011, we have developed a major pipeline of new products and we now have a broader and more comprehensive range of physical and chemical standards than any other producer worldwide. An investment of more than €3m in our R&D capability has further enabled us to grow our marketable product range and diversity and as a result, expand our global customer footprint.
“We have been very lucky with the product development areas we have selected, the high calibre of management and staff that work with us and the support we continue to receive from our stakeholders Enterprise Ireland and Ulster Bank.”
