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Tuam-based company Valeo records 6 million euro pre-tax profits

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Galway Bay fm newsroom – A Tuam company, at the cutting edge of driverless car technology returned to profit in 2016, recording pre-tax profits of 6.6 million euro.
Accounts filed by Connaught Electronic Ltd trading as Valeo Vision Systems Ltd, show the firm returned to profitability after its pre-tax loss of 26.5 million in 2015.
According to the Irish Examiner, job numbers at Tuam-based Valeo Vision Systems have been increasing rapidly as it boosts its research and development spend.
The company which focuses on designing, making and the sale of components and integrated systems for the car industry spent 39 million euro on research and development in 2016, a 44 per cent increase.
The firm increased its staff count from 942 to almost 11 hundred in 2016 with plans to further expand its facility at Dunmore Road Tuam.

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Approval for water sports facility in Newcastle in the city

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Galway Bay fm newsroom – Approval has been given for a water sports facility planned for Newcastle in the city

The project is led by University of Galway and would be located close to the Quincentennial Bridge along the bank of the River Corrib.

The proposed facility would include a gym, changing rooms, bathrooms, reception area, café, function room and a range of offices.

There’d also be a rowing storage shed and two floating platoons on the bank of the River Corrib, as well as a pedestrian and cyclist greenway.

City planners have now given the go-ahead for the project, with a number of conditions attached.

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Major step forward for new primary school campus in Athenry

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https://mcdn.podbean.com/mf/web/t2dyez/canney_athenry_school_feb37x2f2.mp3

Galway bay fm newsroom – There’s been a major step foward in plans for a new primary school campus in Athenry.

Education Minister Norma Foley has announced her department is to acquire the former Presentation School site in the town.

She’s also confirmed that agreement has been reached with the Archdiocese of Tuam to transfer the Scoil Chroí Naofa site into their ownership.

This will allow for the redevelopment of both sites into a new campus that will amalgamate Scoil Chroí Naofa and Athenry Boys National School.

Galway East Deputy Ciaran Cannon says this is a landmark moment for education in Athenry.

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Tourism Minister believes Roderic O’Gorman has correctly negotiated the Mother and Baby home redress scheme

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https://mcdn.podbean.com/mf/web/uk65yt/tuammyb.mp3

Galway Bay fm newsroom – The Tourism Minister believes Roderic O’Gorman has correctly negotiated the mother and baby home redress scheme.

Catherine Martin’s comments follow harsh criticism from the opposition on the scheme.

40 percent of survivors have been excluded from the scheme, as they spent less than six months in mother and baby homes.

Minister Martin says survivors not being interrogated when receiving redress is important:

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