PHARMACEUTICAL giant Eli Lilly have announced a new €330m investment in Kinsale that will create 200 full-time jobs and another 300 in the construction phase.
The announcement was made today at the Carlton Hotel, Kinsale by Jobs Minister Richard Bruton.
The company is to begin work immediately on the new manufacturing plant at its existing facility at Dunderrow near Kinsale.
The new high-tech plant will extend to a 240,000 sq ft commercialisation and manufacturing facility the company said.
Speaking at the announcement, Minister Bruton said, “Today’s announcement that this world-leading company is making a substantial investment in expanding its facility in Kinsale with the creation of up to 200 permanent jobs shows what is possible in these areas.
“The Government is determined to ensure that more announcements like this become real in the coming years. By implementing the Action Plan for Jobs, we can support more businesses, rebuild the economy and create the jobs we so badly need,” he said.
Ed Canary, General Manager of the Kinsale site, said, “This investment is an endorsement of the Lilly Kinsale site’s success in developing a biopharmaceutical business in recent years and demonstrates our ability to rise to that challenge. This is in no small part due to the site’s excellent performance record, the talent of the workforce, and the support from IDA Ireland.”
Also speaking at the announcement, IDA Ireland CEO Barry O’Leary said, “I would like to congratulate Lilly’s Irish management and staff on this achievement. It is a great success story for the Kinsale site and an excellent addition to the south west region”.
Cork South West TD Michael McCarthy also welcomed the news saying, “I wish to warmly welcome this substantial investment in our local area and I look forward to the building phase of the project getting underway as soon as possible, so that these much-needed jobs can come on stream”.
His Labour colleague, Kinsale Town Councillor Tomas O’Brien said, “I am delighted that Eli Lilly has confirmed its intention to expand the company’s current operation in Kinsale and create many local jobs in the process.
“This will have a positive effect on the local economy here, and I look forward to the next steps of the project getting underway”.
Fine Gael TD Noel Harrington said the announcement was “incredibly encouraging”, “Eli Lilly, a global leader in biopharmaceuticals, is clearly demonstrating its confidence in the local operation in Kinsale, and in the growing strength of the Irish economy, by investing €330 million to establish a new world class facility,” he said.
The Kinsale site began manufacturing in 1981 and makes the active ingredients for a number of products including Alimta, Evista, Strattera, and Zyprexa.
It is the second large investment made by the company in Kinsale in recent years following a €300m investment in 2006 in biopharmaceutical manufacturing.
For more information on Eli Lilly visit www.lilly.ie.