MULTINATIONAL MANUFACTURER JAZZ Pharmaceuticals is to invest up to €50 million building a new facility in the Midlands that could lead to the creation of up to 50 full-time jobs.
Building work is set to commence immediately on the new facility in Monksland near Athlone and will employ 160 people in construction ahead of completion in 2016.
The company specialises in biopharmaceuticals and has its corporate headquarters in Dublin but the new plant will be its first manufacturing outfit in Ireland.
Taoiseach Enda Kenny and IDA CEO Barry O’Leary were present to break ground on the site with Kenny commenting that it the announcement represents significant construction boost for the region:
This is a great boost for the local area and the 160 jobs being created in the construction phase will provide an opportunity for some of those people who lost jobs in this sector in recent years. The new facility will also create up to 50 new jobs when operating at full capacity.
Jazz Pharmaceuticals CEO Bruce Cozadd said that between €45-50 million would be spent on the construction of the new facility, something which “marks a milestone” for the company.
“This investment not only strengthens our international manufacturing capabilities, but importantly represents our commitment to expanding our presence in Ireland,” he said.
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