Innovation to generate €2m in revenue

AN innovative move by Prochem Engineering has opened the door to a new market that’s expected to net the Kilkenny engineering firm up to €2 million in new revenue.

AN innovative move by Prochem Engineering has opened the door to a new market that’s expected to net the Kilkenny engineering firm up to €2 million in new revenue.

Prochem Engineering, a consultancy company specialising in biotech and pharmaceutical projects has entered the computer modelling niche. After an 18-month assessment of computer modelling software in engineering design undertaken in partnership with the University of Ulster Prochem Engineering is now one of the only engineering consultancies in the country to offer a one-stop-shop for energy reduction projects within cleanrooms. Prochem is now in a position to design, assess, advise and manage retrofit projects without the requirement of an external simulation expert.

The new service called Prochem Cleantech Services was launched during a special visit to its headquarters today by InterTradeIreland. A steering committee comprising representatives from the InterTradeIreland Board, business agencies North and South, companies and academic representatives viewed Prochem Engineering’s new capability which will see the company become Ireland’s industry leader in computer modelling design and generate additional revenues of up to €2million over the next 3-5 years.

Prochem’s success is the result of its participation in the all-island technology transfer initiative FUSION. FUSION is an initiative which allows businesses make strategic advances in innovation through a partnership with a college or university on the other side of the border. InterTradeIreland has offered other Kilkenny companies the opportunity to each generate in excess of €1million worth of sales and efficiency savings, access world-class research and development facilities and profit from external project management support.

As a result of its participation in FUSION, Prochem as already received business enquiries from as far away as India and Afghanistan. The company currently employs 60 and anticipates further growth over the next 18 months. Its turnover in 2009 was in excess of €5million.

Speaking at the launch of Prochem Cleantech Services, Donal Higgins, director, Prochem Engineering said, “FUSION proved a fantastic resource to us in identifying and creating a unique selling point; in our case, a one-stop-shop for energy reduction projects within cleanrooms. I’d encourage other Kilkenny companies to do as we did and develop or improve their products and services and new technologies by tapping into the wonderful expertise and facilities that exist in our universities and colleges across the island of Ireland”.