Global pharmaceutical company AstraZeneca has announced that it will invest $360 million (€304 million) in a new manufacturing facility in Ireland.
The new facility at the Alexion Campus in College Park, Dublin, will result in the creation of 100 jobs.
According to the company, the plant will serve as “the next-generation active pharmaceutical ingredient (API) commercialisation and manufacturing facility for small molecules, positioning AstraZeneca’s global supply network for future growth”.
Taoiseach Micheal Martin and Tanaiste Leo Varadkar hailed the news today as a boost for Ireland’s life sciences sector.
Mr Martin said: “Great news that AstraZeneca is to establish its first ever manufacturing facility in Ireland, creating 100 highly-skilled jobs.
“The $360m investment in Dublin is a huge boost to the area, and to the entire country’s life-sciences sector.”
Mr Varadkar, who is also the Minister for Enterprise, Trade and Employment, said the announcement was “fantastic news”.
“Ireland is a world hub for life sciences. We’ve worked hard to create a welcoming environment for companies seeking to invest here and we are so happy that AstraZeneca has chosen Dublin to locate its new manufacturing facility with 100 new jobs in the IDA College Park campus in Blanchardstown as a result,” he stated.
The announcement was described as a “tremendously proud moment” for AstraZeneca by the company’s CEO Pascal Soriot.
“I am delighted that we are bringing this very significant investment to Dublin which, with the support of the IDA, will create highly skilled jobs, nurture the country’s dynamic life sciences sector and allow for the development of high value-added medicines,” he said.
IDA Ireland CEO Martin Shanahan added: “It’s great to see AstraZeneca establish its first manufacturing facility in Ireland.
“It will be a considerable addition to the well established life sciences ecosystem here. Competition for Foreign Direct Investment (FDI) is more intense than ever and all investment is hard won.
“This investment, creating 100 highly skilled jobs, including scientists and engineers, is most welcome and will be of substantial benefit to the local economy. I wish the company every success with its plans here.”Internet Explorer Channel Network