sentences:  Opened in March 1972 by the AKZO Group to manufacture steelcord, it achieved notoriety when its Dutch managing director Tiede Herrema was kidnapped by IRA Volunteers Eddie Gallagher and Marion Coyle in October 1975 and freed four weeks later following a protracted siege in Monasterevin, County Kildare.After sustaining continuing losses and experiencing numerous industrial disputes from the day it opened, the factory closed down in December 1977 with the loss of over 1,400 full-time jobs.Annacotty is the home of two clubs.